How much does the average Jimmy John's franchise owner make?

The company estimates that annual sales can reach $1.2 million and net profits average about $280,000. The startup costs -- not including real estate -- are between $305,500 and $485,500. Franchisees also need $80,000 in cash and a net worth of about $300,000.

How much profit does a franchise owner make?

On average, franchise owners in the restaurant industry take home about 82,000 dollars a year. However, the start-up cost can be anywhere between 100,000 dollars and a million dollars.

How much does it cost for a Jimmy John franchise?

To own a Jimmy John's Restaurant, your looking at a total investment of $313,600 to $556,100, depending on the size and location and includes initial real estate lease costs and a franchise fee of $35,000. In actuality, candidates will need $200,000 in either cash, marketable securities, stocks, etc.

What are the requirements to own a Jimmy John's franchise?

Jimmy John's requires that a prospective franchisee have at least $80,000 in non-borrowed cash resources and $300,000 in personal wealth to start a new franchised store, according to the company's website. The company does not offer financing support but can connect interested parties to potential lenders.

What franchise owners make the most money?

According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own.

How Much Money Jimmy Johns Franchise Owners Make - Jimmy Johns Franchise Cost #franchise

How much do Chick-fil-A owners make?

Most fast food companies don't make it widely known just how much their franchise owners earn a year, but that doesn't mean it's not possible to get a pretty good idea. According to the franchise information group, Franchise City, a Chick-fil-A operator today can expect to earn an average of around $200,000 a year.

What food franchise makes the most money?

How much is a chick fil a franchise?

Opening a Chick-fil-A franchise costs between $342,990 and $1,982,225, including a $10,000 franchise fee, but unlike most other franchisors, Chick-fil-A covers all opening expenses, meaning franchisees are on the hook only for that $10,000.

How much is a Dunkin Donuts franchise?

Here is a breakdown and ranges of the financial requirements to open a Dunkin' franchise: Total investment range: $97,500 to $1.7 million. Initial franchise fee: $40,000 to $90,000 (varies by location) Net worth: $500,000 minimum.

Do franchise owners make good money?

Initial Investment. Your earnings potential as a franchise owner depends largely on the brand and industry. Franchise owners in the restaurant industry earn an average of $82,000 per year, which is pretty solid considering the salary range of a non-franchise restaurant owner can range from $24,000 to $155,000.

How much does a Jersey Mike's owner make?

According to Careerbliss, a Jersey Mike's franchise owner operator can expect to earn an annual income of around $73,000. That may be less than the six-figure incomes of franchise owners of chains like McDonald's and Five Guys, but it's still higher than what Papa John's franchise owners are pulling in.

How much do 7 Eleven franchise owners make?

In terms of profit, 7-Eleven franchise owners can average $50,000 – $75,000 for their salary.

How much does a McDonald's franchise owner make a year?

Some McDonald's franchise owners are naturally going to make more than others, but most franchise owners still pull in an estimated yearly profit of roughly $150,000 (via Fox Business).

What is the most profitable business?

How much does a Starbucks franchise owner make?

Starbucks Franchise Costs and Profits

An average Starbucks franchise owner makes $120,000 in a year with one outlet and $2.4 million with 20 outlets. Of course, the success of your franchises depends on plenty of factors that affect sales and profits.

How much is a Taco Bell franchise?

Costs overview

Franchising fee: It costs between $25,000 and close to $50,000 for the initial franchise fee. This, too, will vary depending on the details of your specific Taco Bell franchise. Net worth: The current net-worth requirement is around $1.5 million worth of assets.

How Much Is a Subway franchise?

Subway is one of the cheapest major fast-food restaurants to franchise. Subway's fee for becoming a franchisee is $15,000, and startup costs, which include construction and equipment leasing expenses, range from $116,000 to $263,000, according to the company.

How much is Starbucks franchise?

Initial Start-Up Funding

The average cost to license a Starbucks store is $315,000. You'll also need $700,000 in liquid assets to be considered.

How much is a Popeyes franchise?

How much does a Popeyes franchise cost? The initial franchise fee for a Popeyes restaurant is $50,000 and the total estimated investment per location is between $235,000 and $454,000.

How much does it cost to own a McDonald's?

McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500. Existing franchise prices can cost upwards of $1 million or more.

What fast food chain makes the most profit?

How much does a Dunkin Donuts owner make?

Dunkin' Donuts Franchise Owners earn $124,000 annually, or $60 per hour, which is 70% higher than the national average for all Franchise Owners at $60,000 annually and 61% higher than the national salary average for ​all working Americans.