What was the total revenue for Jersey Mikes in 2023?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
TABLE TO THE CONTROLLING PARTNER | $ 5,039,581 | $ 21,256,637 | $ 19,519,134 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2024, 2023, AND 2022
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| NET INCOME | $ 5,039,581 | $ 21,256,637 | $ 19,526,715 |
| OTHER COMPREHENSIVE LOSS | (25,662) | - | - |
| TOTAL COMPR |
Source: Item 22 — CONTRACTS (FDD page 77)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, Jersey Mike's net income for 2023 was $21,256,637. This figure represents the company's profit after all expenses have been deducted from its revenues.
Net income is a critical financial metric for prospective franchisees because it provides insight into the overall profitability and financial health of Jersey Mike's. A higher net income generally indicates that the company is managing its operations effectively and generating substantial profits. This can be reassuring for franchisees who are considering investing in the brand, as it suggests that Jersey Mike's is a stable and successful franchise system.
It is important to note that this net income figure does not represent the total revenue. Total revenue would be a larger number, reflecting all sales before any deductions for costs or expenses. While the net income provides a snapshot of profitability, franchisees may also want to inquire about Jersey Mike's total revenues to gain a more comprehensive understanding of the company's financial performance and sales volume.