Jersey Mike’s Franchise vs. Teriyaki Madness Franchise: How They Compare
Wondering what Jersey Mike’s franchise costs are compared to a Teriyaki Madness franchise? See how they stack up in terms of franchise fees, training, and support.
SLING SUBS WITH JERSEY MIKE’S
Jersey Mike’s franchise is a company that originated in, you guessed it, the Jersey Shore area. They are a leader in the fast casual sandwich sector that prides itself on being authentic and offers a simple menu while giving back to the communities it serves.
Jersey Mike’s training program is robust, to say the least. Even on the company website, they claim it requires “three times the hands-on experience than many franchise systems.” This entails 8-10 weeks of classroom training and in-store experience before franchisees are able to open their own stores. This may be both an appealing feature and a drawback, depending on the type of restauranteur who is hoping to get in the game.
The initial franchise fee to open a Jersey Mike’s location is $18,500, with total initial costs ranging from $169,001-$804,045. As with any franchise, the range of costs depends on a multitude of factors including location, construction and design, permits, insurance, opening inventory, and more. Jersey Mike’s currently has more than 1,700 franchise locations worldwide and is looking for new franchise investors throughout the United States. Ongoing fees for a Jersey Mike’s franchise also include a 6.5% royalty and 5% ad fund.
Jersey Mike’s franchise candidates must prove to have a net worth of at least $300,000, with $100,000 of that being liquid assets. The process of opening a Jersey Mike’s franchise could take the better part of a year, which is on the longer end for most franchise build-outs.
For investors able to secure the capital and the time to prepare for launch, Jersey Mike’s prides itself on a company culture focused on store-level profitability and franchisee success.
BOWL OVER THE COMPETITION WITH TMAD
Teriyaki Madness (TMAD) isn’t a sandwich franchise and it isn’t just an Asian fast food franchise either. Instead TMAD offers customers awesomeness in a bowl while providing franchisees with the opportunity to break into THREE hot segments (Asian, Chicken, and Fast Casual). On top of that, TMAD is the largest branded Asian food franchise concept in the country!
A teriyaki franchise that shares similar values with Jersey Mike’s, TMAD is an exciting alternative to other fast casual spots. With a focus on fresh and quality ingredients prepared by hand, customers know they will get a delicious, one-of-a-kind meal every time they visit.
As one of the fastest growing big restaurant chains in the country, TMAD takes pride in being the preeminent Seattle-style Japanese bowl franchise that puts it’s customers and franchisees first…while having a lot of fun in the process.
Now for the moment you’ve all been waiting for. The numbers. The initial franchise fee to own a TMAD location is $45,000, with total initial costs ranging from $346,400 to $768,760*, making it an affordable and excellent opportunity for interested investors. Ongoing fees include a royalty of 6% and ad fund of 3%, making TMAD well within (or below) the range of other competitors. With an Average Unit Volume (AUV) of $1.16 million*, TMAD is winning the franchising game. Our affordable investment costs, strong support team, and killer brand identity make TMAD a brand that both new and seasoned entrepreneurs want to get in on.
TMAD has expanded to over 110 locations since we began franchising in 2005, and we have no plans for slowing down. They expect to open 40-50 locations per year for the foreseeable future. For qualified candidates seeking a winning multi-unit ownership opportunity, TMAD is where it’s at!
To learn more about franchising opportunities with Teriyaki Madness, download our free Franchise Report and get ready to spread the Madness.
*Refer to the Franchise Disclosure Document for details.