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

According to Jersey Mikes's 2025 Franchise Disclosure Document, there were a total of 79 franchise transfers across all states during 2024. This figure is part of a broader table that details the number of franchise transfers on a state-by-state basis for the years 2022, 2023, and 2024. This information is crucial for potential franchisees as it provides insight into the stability and turnover of existing franchise locations. A high number of transfers could indicate issues with profitability or franchisee satisfaction, while a low number might suggest a stable and successful franchise system.

Specifically, the table shows that in 2022 there were 105 transfers and in 2023 there were 96 transfers. The decrease to 79 transfers in 2024 could be interpreted in several ways. It might reflect an improving business environment for franchisees, or it could be a result of more stringent transfer policies implemented by Jersey Mikes. Prospective franchisees should investigate the reasons behind this trend to fully understand the dynamics of the franchise system.

Understanding the reasons behind franchise transfers is essential for making an informed investment decision. Potential franchisees should discuss these figures with current and former franchisees to gain a deeper understanding of the factors driving these transfers. Additionally, it would be prudent to ask Jersey Mikes about their policies and procedures regarding franchise transfers, as well as any support they provide to franchisees looking to sell their businesses. This due diligence will help assess the overall health and stability of the Jersey Mikes franchise system.