Under what conditions would a Jersey Mikes franchisee be required to pay the Bookkeeping/Accounting Fee?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
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| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Relocation Fee 19 | $5,000 | At time of relocation | Company may charge you a fee if you relocate your Franchised Restaurant. |
| Bookkeeping/Accounting Fee 20 | Currently, Company estimates the fee to be $150 per week, but the fee is subject to change and is paid directly to JMFS | Within 10 days after the end of each month | Applicable only to Coach Rod Smith Program participants, and only if JMFS requires you to use JMFS's bookkeeping/accounting services. |
| Indemnification 21 | All costs including attorneys' fees | On settlement or conclusion of claim or action | You will defend suits at your own cost and hold Company harmless when they involve damages from the operation o |
Source: Item 6 — OTHER FEES (FDD pages 15–24)
What This Means (2025 FDD)
According to Jersey Mikes's 2025 Franchise Disclosure Document, the Bookkeeping/Accounting Fee is applicable only to franchisees participating in the Coach Rod Smith Program. If a franchisee is part of this program, they may be required to use Jersey Mike's in-house bookkeeping and accounting services.
The fee is paid directly to JMFS (Jersey Mike's Franchise Systems) and the amount is subject to change. Currently, Jersey Mikes estimates the fee to be $150 per week. This fee covers the cost of the bookkeeping and accounting services provided by Jersey Mike's.
The fee is due within 10 days after the end of each month. It's important for prospective franchisees to note that this fee is not uniform for all franchisees, as it only applies to those in the Coach Rod Smith Program and if JMFS requires the franchisee to use their bookkeeping/accounting services. Franchisees should confirm their participation status and the specific requirements with Jersey Mike's during their due diligence.