What was the total amount of franchise fees collected by Jersey Mikes in 2022?

Based on the 2025 Jersey Mikes Franchise Disclosure Document, the amortization of services due from the manager related party amounted to $1,015,557 for the year ended December 31, 2022. These services are related to deferred franchise fees contributed upon closing of the Securitization Transaction.

In simpler terms, this $1,015,557 represents a portion of the initial franchise fees that Jersey Mike's recognizes as revenue over the term of the securitization transactions. The initial franchise fees were contributed when the securitization transaction closed, and Jersey Mike's is obligated to provide services related to those fees over the life of the transaction. Therefore, the amount recognized in 2022 is just one piece of the total initial franchise fees collected.

It is important to note that this figure only represents the amortization of deferred franchise fees related to a specific securitization transaction. It does not represent the total franchise fees collected by Jersey Mike's during 2022. A prospective franchisee should inquire about the total initial franchise fees collected during the year to understand the overall revenue stream from new franchise agreements.