For Jersey Mikes, how is the total monthly payment amount determined after the total advance is disbursed?

According to Jersey Mike's 2025 Franchise Disclosure Document, the specific dollar amount for the total monthly payment is determined after the total advance is disbursed. The FDD states that the payment amount will be determined after the total advance is disbursed.

This means that a prospective Jersey Mike's franchisee will not know the exact monthly payment amount until after they have received the total advance. The total advance refers to the funds that Jersey Mike's provides to the franchisee for the acquisition of approved items needed to open the restaurant.

It is important for a prospective franchisee to understand how the monthly payment will be calculated and what factors will influence the final amount. This information is crucial for budgeting and financial planning. A potential franchisee should ask Jersey Mike's for a detailed explanation of how the monthly payment is determined, including the interest rate, repayment term, and any other fees or charges that may be included.