Jimmy Johns Franchise Cost
If you want to open a Jimmy John’s franchise, it would be best to first know all the costs of making this move. The brand has grown in popularity over the years since it was established in 1983. Jimmy John’s only started franchising about 10 years later after establishment, which was in 1993.
Its headquarters are in Champaign, Illinois and this restaurant has about 2,820 actively operational units. Before you can open a franchise under Jimmy John’s name, you must first undergo the training procedures, obligations and restrictions, the terms of agreement and renewal.
However, the most important of all the factors is Jimmy John’s franchise cost. So, how much is a Jimmy John’s franchise?
Well, the total costs of opening a Jimmy John’s franchise may range depending on the type of franchise you are interested in opening under this name. Here, we’ll look at the total costs of opening a Jimmy John’s franchise ranging from the lowest to the highest.
To get started, here's a quick breakdown of the estimated costs.
Jimmy John's Franchise Cost Breakdown
| Description | Estimated Cost |
|---|---|
| Initial Franchise Fees | $30,000 to $35,000 |
| Rent or Real Estate Fees | $2,500 to $8,000 |
| Security Deposit Fees | $2,500 to $8,000 |
| Leasehold Improvements | $97,500 to $200,000 |
| Fixtures, Furniture, Equipment and Signage | $95,500 to $166,000 |
| Architect Costs | $5,000 to $10,000 |
| Office Equipment Costs | $1,100 |
| Utility Deposits | $1,000 to $2,000 |
| Opening Supplies and Inventory | $6,000 |
| Grand Opening Event | $3,000 to $5,000 |
| Training Expenses (up to 3 people) | $6,000 to $15,000 |
| Insurance Costs | $11,500 to $15,000 |
| Miscellaneous Expenses | $2,000 to $10,000 |
| Additional Funds | $50,000 to $75,000 |
| Total | $313,600 to $556,100 |
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Summary of Expected Expenses
The Initial Franchise Fees
The initial franchise fees that you must pay to Jimmy John's ranges from $30,000 to $35,000.
Rent or Real Estate Fees
You can rent or lease space for around $2,500 to $8,000.
Security Deposit Fees
To rent or lease space, you will need to pay a security deposit. This is typically one to three months worth of rent and varies. The deposit typically ranges between $2,500 to $8,000.
Leasehold Improvements
For leasehold improvements, you can expect to pay between $97,500 and $200,000.
Fixtures, Furniture, Equipment and Signage
The fixtures, furniture, equipment, and signage are a necessary expense and will vary by location, but you can expect it to cost between $95,500 and $166,000.
Architect Costs
Hiring an architect to help you with your franchise will typically cost between $5,000 and $10,000.
Office Equipment Costs
The cost for office equipment is typically around $1,100, but can vary depending on the exact supplies you purchase and need.
Utility Deposits
The deposits for your utilities will typically range between $1,000 and $2,000.
Opening Supplies and Inventory
Before you can open, you will need to purchase the necessary supplies and inventory to operate your franchise. The costs for these opening expenses are usually around $6,000.
Grand Opening Event
You need to hold a grand opening party to get recognition to your new franchise. The grand opening event may cost you between $3,000 and $5,000.
Training Expenses
Before you can start your franchise, you need to complete the necessary training. The cost for training is typically $6,000 to $15,000 for up to 3 people.
Insurance Costs
Another necessary expense is insurance. The insurance for your franchise will typically range between $11,500 and $15,000.
Miscellaneous Expenses
There are miscellaneous expenses that you will need to cover, and these typically range between $2,000 and $10,000.
Additional Funds
In the event of an unexpected event or expense, it is best to have $50,000 to $75,000 in additional funds to cover it.
And the total cost is...
$313,600 to $556,100! This is the estimated total cost to start a Jimmy John’s franchise. You can contact Jimmy John's for a more detailed and accurate estimate.
If you want to start a Jimmy John's franchise, the next step will be to learn about your funding options. We talk about the different financing opportunities available here or just click the green button below.