What was the total number of Jersey Mikes franchise transfers in Rhode Island from 2022 to 2024?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
AN THE FRANCHISOR) FOR FISCAL YEARS 2022 TO 2024 1
| State | Year | Number of Transfers |
|---|---|---|
| Alabama | 2022 | 0 |
| 2023 | 1 | |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 66–76)
What This Means (2025 FDD)
According to Jersey Mikes' 2025 Franchise Disclosure Document, the total number of franchise transfers in Rhode Island from 2022 to 2024 was 2. In 2022, there were no transfers, followed by no transfers in 2023, and then 2 transfers in 2024.
For a prospective franchisee, this information indicates the recent history of franchise resales in Rhode Island. A low number of transfers could suggest franchisee satisfaction or limited resale opportunities. Conversely, a high number might signal potential challenges or market saturation.
It's important to note that transfer numbers alone don't tell the whole story. A prospective franchisee should investigate the reasons behind any transfers, speaking with both current and former franchisees to understand their experiences. Understanding the local market dynamics in Rhode Island is also crucial to assess the health and stability of Jersey Mikes franchises in that specific area.