In what year were the most Jersey Mikes franchises transferred in Florida, and how many transfers occurred?
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 year with the highest number of franchise transfers in Florida was 2023, with a total of 22 transfers. This indicates a significant level of activity in the resale of existing Jersey Mikes franchises within the state during that year.
For a prospective franchisee, a high number of transfers could suggest a dynamic market with opportunities to acquire existing businesses rather than starting from scratch. However, it could also raise questions about why so many franchisees are choosing to sell. It would be prudent to investigate the reasons behind these transfers, such as franchisee performance, local market conditions, or individual owner circumstances.
Understanding the context behind these transfers is crucial. A potential franchisee should inquire with Jersey Mikes about the performance history of transferred stores, the reasons for the transfers, and any support provided to new owners taking over existing locations. This due diligence can help assess the risks and opportunities associated with acquiring a Jersey Mikes franchise in Florida.