Jersey Mike's Submarines & Salads vs My Friend's Place Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Jersey Mike's Submarines & Salads vs My Friend's Place including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Jersey Mike's Submarines & Salads Franchise
My Friend's Place Franchise
Investment $169,001 - $804,085$156,650 - $260,400
Franchise Fee $18,500$20,000
Royalty Fee 6.5%5%
Advertising Fee 5%1%
Year Founded 19561980
Year Franchised 19871980
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements
 
Jersey Mike's Submarines & Salads Franchise
My Friend's Place Franchise
Experience
  • Restaurant experience
    		• -

    Financing Options
     
    Jersey Mike's Submarines & Salads Franchise
    My Friend's Place Franchise
      In-House/3rd PartyIn-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
     
    Jersey Mike's Submarines & Salads Franchise
    My Friend's Place Franchise
    Training On-The-Job Training: 360 hours Classroom Training: 40 hours 1. Headquarters 12 Business Days

    2. Franchisee Site 12 Business Days
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluationsField Operation Evaluation

    Field Training: At Additional Cost

    Initial Store Opening

    Inventory Control: At Additional Cost
    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)

    		Average Number of Employees: 2 Full-time, 2 Part-time

    Passive Ownership: Not Allowed

    Expansion Plans
     
    Jersey Mike's Submarines & Salads Franchise
    My Friend's Place Franchise
    US Expansion -Yes
    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


    #8 in Franchise 500 for 2020.
    #7 in Franchise 500 for 2021.





    About My Friend's Place

    A quality franchise opportunity for your financial independence and future. Our restaurants cater to the quality-oriented customer interested in a quick, yet light and healthy lunch, specializing in sandwiches, salads, soups and home-made desserts. MY FRIEND'S PLACE is a 'Fresh Food Express!'