What was the total number of Jersey Mikes franchise transfers across all states in 2024?

According to Jersey Mikes's 2025 Franchise Disclosure Document, the total number of franchise transfers across all states in 2024 was 79. This figure represents the total instances where existing Jersey Mikes franchises were sold or transferred to new owners during that year.

For a prospective franchisee, this number can provide insights into the stability and desirability of Jersey Mikes franchises. A high number of transfers could indicate franchisees are choosing to leave the system, potentially due to profitability issues, disputes with the franchisor, or other concerns. Conversely, a lower number might suggest greater franchisee satisfaction and business stability.

It's important to note that franchise transfers are a normal part of any franchise system as franchisees retire, pursue other opportunities, or sell their businesses for personal reasons. However, significant fluctuations in transfer rates should prompt further investigation to understand the underlying causes and potential implications for a new franchisee. Reviewing transfer numbers over multiple years, as presented in the FDD, provides a more comprehensive view of this trend within the Jersey Mikes system.

Ultimately, understanding the reasons behind franchise transfers and the overall trend is crucial for making an informed investment decision. A prospective franchisee should discuss these figures with the franchisor and existing franchisees to gain a deeper understanding of the factors driving these transfers and their potential impact on their own franchise.