What was the total amount of continual service fees and other income received by Jersey Mikes in 2022?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| REVENUES: | |||
| Continual service fees and other income | $ 610,469,859 | $ 525,522,201 | $ 450,179,052 |
Source: Item 23 — RECEIPTS (FDD pages 77–421)
What This Means (2025 FDD)
According to Jersey Mikes's 2025 Franchise Disclosure Document, the brand received $450,179,052 in continual service fees and other income during the 2022 fiscal year. This figure represents the revenue Jersey Mikes earned from its franchisees and other sources, excluding company-owned restaurant revenue and franchise fees.
For a prospective franchisee, this number indicates the financial strength and stability of the Jersey Mikes franchise system. It demonstrates the brand's ability to generate substantial income from its existing operations. A high and growing figure for continual service fees and other income suggests that franchisees are performing well and contributing consistently to the overall revenue of the company.
It's important to note that this figure does not represent the profitability of Jersey Mikes, as it does not account for operating expenses. However, when considered alongside other financial data, such as operating expenses and net income, it provides valuable insights into the overall financial health of the franchise system. Franchisees should review these figures carefully to assess the potential risks and rewards of investing in a Jersey Mikes franchise.