Jersey Mike's Subs franchise cost, FDD fees & initial investment
Source: Jersey Mike's Subs Franchise Disclosure Document, issuance date April 10, 2026 · Franchisor: A SUB ABOVE, LLC · FDD year 2026 · As filed — verify.
Free teaser — Items 5, 6 and 7 as filed
| Initial franchise fee (Item 5) | $20,000 |
|---|---|
| Royalty (Item 6) | 6.5% — as filed: “Continuing Royalty Fees 6.5% of Gross Receipts Payable weekly via See Definition of Gross Receipts.1” |
| Estimated initial investment (Item 7) | $436,176 – $1,162,228 |
Sources: Items 5, 6 and 7 — Jersey Mike's Subs Franchise Disclosure Document, issuance date April 10, 2026. As filed — verify.
Item 19 — financial performance representations
This franchisor includes Item 19 financial performance representations in its FDD. Item 19 makes financial performance representations, but no single clearly-labeled average/median gross-sales figure was extracted automatically; consult Item 19 of the source FDD for the full tables.
Outlet trend (Item 20, Table No. 1 — from the 2026 FDD)
Total outlets at fiscal year-end — Item 20, Table No. 1, as reported in the 2026 FDD (a single filing's own three-year table, shown as filed).
| Fiscal year | Total outlets |
|---|---|
| 2023 | 2,675 |
| 2024 | 2,989 |
| 2025 | 3,227 |
Change across the three reported years: +552 outlets (growing). These counts come from a single filing's own three-year table — they are outlet counts, not a multi-year filing diff.
What changed — 2026 FDD vs 2025 FDD
Headline figures from this page's filing (2026) set against the prior filing we hold (2025). The audit below diffs every fee line, every Item 7 row and the Item 3 and Item 20 detail across the full verified set (2024 + 2025 + 2026 FDDs).
| Metric | 2025 FDD | 2026 FDD | Change |
|---|---|---|---|
| Royalty (Item 6) | 6.5% | 6.5% | Unchanged since 2025 |
| Estimated initial investment — low end (Item 7) | $181,903 | $436,176 | +$254,273 |
| Estimated initial investment — high end (Item 7) | $1,413,592 | $1,162,228 | -$251,364 |
| Total outlets (Item 20, latest fiscal year reported) | 2,989 (FY2024) | 3,227 (FY2025) | +238 outlets |
Sources: Jersey Mike's Subs Franchise Disclosure Document, issuance date April 10, 2026; Jersey Mike's Subs Franchise Disclosure Document, issuance date March 31, 2025. Changes are this desk's arithmetic on the as-filed figures. As filed — verify.
Multi-Year Redline & Risk Audit — Jersey Mike's Subs
$79
A line-by-line diff of this brand's FDD across filing years: what the franchisor changed, what it quietly restated, and what it stopped disclosing — built only from filings we actually hold.
- Line-by-line Item 5 & 6 fee diff across every filing year held
- Item 7 investment-range shifts, low end and high end, with calculated changes and formulas
- Item 3 litigation and bankruptcy changes between filings
- Item 20 openings, closures, transfers and turnover — the churn under the headline count
- Every figure cited to its filing, item and page
- Restatements shown with both numbers — never overwritten
- A closing “What this report does not include” section naming every gap
- The source FDDs the audit cites, bundled with the report
On sale
We hold a verified multi-year set of this brand's filings — 2024 + 2025 + 2026 FDDs — each retrieved from the state franchise registry and passed through the desk's verification gate: issuance date confirmed, the cover Item 7 range verified against the Item 7 total, and the Item 20 outlet table parsed. The audit below is built from exactly those filings.
Buy the audit package — $79The paid package bundles the audit plus the source FDDs it cites. Delivered by email after purchase — see the FAQ for how delivery works.
Market context: a professional FDD review by a franchise attorney commonly runs $2,000–$5,000. A Redline audit is a document diff, not legal advice — it shows you exactly what changed between filings so any review you commission starts from evidence.
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Citation: Jersey Mike's Subs Franchise Disclosure Document, issuance date April 10, 2026. Document: Food-Beverage/Jersey Mike's_2026_yiGqGUT9.