Here Are 5 Facts You Need to Know Before Investing in Jimmy John - JPKee.com
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Let's start with maybe the most important question when it comes to investing: Can you afford it? The franchise fee is between $30,000 to $35,000, but the total cost of starting a Jimmy John's franchise will run you somewhere between $329,500 and $557,500. That's a lot of money, but it's also less than you'd pay for other major fast-food franchises like McDonald's ($1,008,000 to $2,214,080) or Dairy Queen ($1,083,525 to $1,850,425).
The company also has relationships with third-party sources, which offer financing to cover franchise fees, startup costs, equipment, inventory, accounts receivable and payroll.
After that, you'll have a 6 percent ongoing royalty fee and a 4.5 percent ad royalty fee in addition to the regular cost of doing business.
For a more detailed description of where your money is going, click here.
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Author - Vikash Kumar
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