| ||||
Updated RecentlyJersey Mike's Submarines & Salads vs Silver Mine Subs Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Jersey Mike's Submarines & Salads vs Silver Mine Subs including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $169,001 - $804,085 | $197,000 - $340,000 |
| Franchise Fee | $18,500 | $20,000 |
| Royalty Fee | 6.5% | 6% |
| Advertising Fee | 5% | 4% |
| Year Founded | 1956 | 1996 |
| Year Franchised | 1987 | 2002 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
||
| Training | On-The-Job Training: 360 hours Classroom Training: 40 hours | Our three week training course in Fort Collins, Colorado covers the fundamentals of establishing and operating a Silver Mine Subs� franchised restaurant. The training program is a combination of hands-on experience in one of our corporate stores, and classroom education at our corporate office. During training, all franchise owners will receive a proprietary operations manual. Ongoing education is provided through periodic newsletters to all franchisees, franchise conferences and educational seminars held at our corporate headquarters. |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | - |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
| Operations |
35% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 15
Absentee ownership of franchise is allowed. (85% of current franchisees are owner/operators) | - |
Expansion Plans |
||
| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Jersey Mike's Submarines & Salads
The first Jersey Mike's Super Sub was created in Point Pleasant, New Jersey, on the Jersey Shore in 1956. Peter Cancro started working in the submarine sandwich business when he was 14 years old. At the age of 17, before state law allowed him to operate a slicing machine, Cancro bought the original Jersey Mike's location. Since it started franchising in 1987, Jersey Mike's has grown to more than 150 franchises.
Jersey Mike's is one of the biggest and most affordable fast food
restaurants and the mobile app delivers the same exciting experience,
minus the wait.
You can quickly browse through all the favorite items on
the menu or search by categories including subs, sandwiches, wraps,
beverages and desserts, and more.
Can't find a decent place to stop at
on your road trip? Use the app to find the nearest Jersey Mike's and
enjoy your favorite meal in no time.
Get the regular subs and sandwiches
or customize them the way you want to.
Our concept is simple. We provide our customers with the freshest,
highest quality sub sandwiches available, prepared right in front of
them and served with energy and enthusiasm. Our culture of giving and
making a difference in the lives of our customers creates an important
bond in the communities we serve.
Our business model, which offers a balanced lifestyle, allows our
owners the wherewithal to support important causes in their community
and the flexibility to have a family life outside the restaurant.
Discover how Jersey Mike’s can make a difference in your life.
!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
#8 in Franchise 500 for 2020.
#7 in Franchise 500 for 2021.
About Silver Mine Subs
Hungry for the possibility of being your own boss?
Ready to "Dig In" to a tasty concept!
Geared up to hit the Mother Lode?Silver Mine Subs goes beyond the standard sandwich shop. Our mining mentality and "silver" delivery service until 3 am make us the most convenient choice for hungry prospectors. Our dedicated franchise team promises entrepreneurs a proven concept with the individualized franchisee attention not often afforded by others. Our product, store atmosphere and people work in concert to provide the perfect food for our customer's lifestyles. Silver Mine Subs delivers not just food, but an experience.
Our locations in six states (and growing!) serve over a thousand customers per location per week. You maximize your customer base because unlike other concepts, we go beyond the standard model by delivering great taste directly to the mouths of hungry customers, and we offer healthy food options well beyond the standard dinner hour.
Get your share of the silver dust! Contact us to learn more about opening your Silver Mine Subs franchised location!
When you join the Silver Mine Subs system, you become a part of a growing brand with proven operational success. Silver Mine Subs offers high quality products along with a program that is so good, you do not need restaurant or food experience to succeed.