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Jersey Mike's Subs

Hospitality · New Jersey, United States · 40,290 Employees

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About

Headquarters

2251 Landmark Pl, Manasquan, New Jersey, 08736,...

Phone Number

(732) 223-4044

Revenue

$3.3 Billion

Industry

Restaurants Hospitality

Highlights

$1.4B

Total Funding Amount

$685M

Most Recent Funding Amount

2

Number of Funding Rounds

View details

Who is Jersey Mike's Subs

Jersey Mike's, headquartered in Manasquan, N.J., is a quick-service restaurant that specializes in premium subs and sandwiches. The company was founded in 1956, was purchased by the current CEO, Peter Cancro in 1975, and began its franchising initiatives in 1987. Peter Cancro currently holds 100% of Jersey Mike's voting shares. The Jersey Mike's system included 3,000 domestic restaurants, all of which operate in the casual quick-service restaurant industry. The company operates as a single brand of restaurants in 48 states and Washington D.C. Jersey Mike's also has a small presence in Canada. Within the U.S., the company has modest geographic diversity, with the top three states accounting for 31% of all domestic restaurants. Jersey Mike's has expanded significantly over the past decade. Since 2006, the company has grown to 2,025 units in the U.S. from 324 units with a cumulative average growth rate of approximately 13%. The company expects to continue its current rate of expansion, wiRead more
Jersey Mike's Subs's Social MediaPopular SearchesJersey Mike's SubsJersey Mikes Subs,Jersey Mikes SubsJersey Mike'sJersey Mike's Franchise Systems IncSIC Code 58,581NAICS Code 72,722Show more

Jersey Mike's Subs Org Chart

PhoneEmail
Michael Manzo

Chief Operating Officer

PhoneEmail
Walter Tombs

Chief Financial Officer

PhoneEmail

PhoneEmail

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Jersey Mike's Subs Email Formats

Jersey Mike's Subs uses at least 5 email formats with first initials + last (ex. JSmith@jerseymikes.com) being used 54.5% of the time

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Jersey Mike's Subs financials insights

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Jersey Mike's Subs Employee Growth Rate

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Jersey Mike's Subs Tech Stack

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Most Recent Scoops

Event
Events, Hospitality, Field /Outside Sales, Field Marketing
Mergers & Acquisitions (M&A)
Mergers & Acquisitions, Acquisitions, Mergers
Funding
reportedly secured $685,000 in Debt funding in Q3 2024. The financing was provided by First Savings Bank.
Funding, Financing & Debt
Funding
reportedly secured $685,000 in Debt funding in Q3 2024. The financing was provided by First Savings Bank.
Funding, Financing & Debt
Funding
Funding, Financing & Debt
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Frequently Asked Questions Regarding Jersey Mike's Subs

Where is Jersey Mike's Subs located?
Jersey Mike's Subs's headquarters are located at 2251 Landmark Pl, Manasquan, New Jersey, 08736, United States
What is Jersey Mike's Subs's phone number?
Jersey Mike's Subs's phone number is (732) 223-4044
What is Jersey Mike's Subs's official website?
Jersey Mike's Subs's official website is www.jerseymikes.com
What is Jersey Mike's Subs's Revenue?
Jersey Mike's Subs's revenue is $3.3 Billion
What is Jersey Mike's Subs's SIC code?
Jersey Mike's Subs's SIC: 58,581
What is Jersey Mike's Subs's NAICS code?
Jersey Mike's Subs's NAICS: 72,722
How many employees does Jersey Mike's Subs have?
Jersey Mike's Subs has 40,290 employees
What industry does Jersey Mike's Subs belong to?
Jersey Mike's Subs is in the industry of: Restaurants, Hospitality
What is Jersey Mike's Subs competition?
Jersey Mike's Subs top competitors include: Firehouse Subs, Portillo's, Bruegger's Enterprises, Golden Corral
What technology does Jersey Mike's Subs use?
Some of the popular technologies that Jersey Mike's Subs uses are: AudioEye, Facebook Web Custom Audiences, Facebook Pixel, reCAPTCHA
Who is the CFO of Jersey Mike's Subs?
Jersey Mike's Subs's CFO is Walter Tombs
How do I contact Jersey Mike's Subs?
Jersey Mike's Subs contact info: Phone number: (732) 223-4044 Website: www.jerseymikes.com
What does Jersey Mike's Subs do?

Jersey Mike's, headquartered in Manasquan, N.J., is a quick-service restaurant that specializes in premium subs and sandwiches. The company was founded in 1956, was purchased by the current CEO, Peter Cancro in 1975, and began its franchising initiatives in 1987. Peter Cancro currently holds 100% of Jersey Mike's voting shares. The Jersey Mike's sy... stem included 3,000 domestic restaurants, all of which operate in the casual quick-service restaurant industry. The company operates as a single brand of restaurants in 48 states and Washington D.C. Jersey Mike's also has a small presence in Canada. Within the U.S., the company has modest geographic diversity, with the top three states accounting for 31% of all domestic restaurants. Jersey Mike's has expanded significantly over the past decade. Since 2006, the company has grown to 2,025 units in the U.S. from 324 units with a cumulative average growth rate of approximately 13%. The company expects to continue its current rate of expansion, with a committed development pipeline of over 1000 restaurants, of which 250 are expected to open in 2022. Since 2006, Jersey Mike's has been a 99% franchised system, which remains the target proportion of franchised restaurants in the pool. CEO Peter Cancro and his family control 60 units, which are considered "franchised" according to the terms of the securitization. If these units were to be considered corporate owned, 96% of the system would still be franchised. Jersey Mike's franchisee base is diverse, with 536 U.S. franchisees operating an average of approximately four restaurants each, and the largest franchisee operating approximately 3% of the total branded restaurants. Of these 536 franchisees, 201 are single-restaurant operators. The top 10 franchisees in the U.S. have an average tenure of approximately 10 years and operate an average of 36 restaurants each. The company typically executes and agrees on 10-year franchise agreements with its franchisees, with the option to renew for an additional 10-year term. The royalty ...Read More

What are Jersey Mike's Subs social media links?
Jersey Mike's Subs Linkedin page Jersey Mike's Subs Twitter page Jersey Mike's Subs Facebook page
How much funding has Jersey Mike's Subs raised to date?
Jersey Mike's Subs has raised $1.4 Billion in 2 funding rounds
When was the last funding round for Jersey Mike's Subs?
Jersey Mike's Subs closed its last funding round on Sep 30, 2024 with the amount of $685 Million
Who invested in Jersey Mike's Subs?
Jersey Mike's Subs has 2 investors including First Savings Bank and Banner Bank.
Is Jersey Mike's Subs a public company?
Jersey Mike's Subs is private company therefore does not currently have an official ticker symbol
See more information about Jersey Mike's Subs

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