Jersey Mike’s Subs, a family identify within the fast-casual eating sector, has reached a significant milestone with the opening of its 3,000th location, in Schererville, Indiana, QSR reported. This achievement highlights the model’s spectacular development trajectory since its beginnings in 1956, marking it as one of many fastest-growing sandwich franchises on the planet.
“Congratulations to all our house owners and groups for all they’ve achieved with their dedication and laborious work,” Founder Peter Cancro stated in an announcement, in accordance with QSR. “Reaching 3,000 shops is a celebration of all who’ve helped construct Jersey Mike’s right into a model that resonates on a nationwide stage resulting from our highly effective giving tradition.”
67 years within the making
Jersey Mike’s began as a single sandwich shop in Level Nice, New Jersey, recognized for its genuine subs and a novel emphasis on personalised service. Right this moment, it boasts 3,000 shops throughout the U.S., with plans to broaden even additional.
Its foray into worldwide markets can be underway, with plans to open 300 shops in Canada over the approaching years, a transfer signaling the model’s readiness to take its profitable formulation world.
Associated: These Women-Founded Franchises Surpassed a Major Milestone — Against the Odds. Here’s How They Did It.
A franchise mannequin that works
Jersey Mike’s success can be constructed on a proven franchise model. Acknowledged by Entrepreneur because the No. 2 model on the 2024 Franchise 500, Jersey Mike’s affords franchisees sturdy assist and powerful revenue potential. This enchantment has helped drive speedy growth, with new shops opening in suburban, city, and even worldwide markets.
The corporate’s franchise-friendly mannequin emphasizes collaboration, with franchisees given the instruments to succeed whereas being a part of a model that prioritizes each prospects and communities. The robust alignment between company targets and franchisee success has been a key issue within the model’s regular rise.
Associated: Greg Flynn Owns 1,245 Restaurants and Makes $2 Billion A Year. Here’s How He Did It.
The position of strategic funding
A key think about Jersey Mike’s outstanding development and three,000-store milestone was the latest strategic investment from Blackstone Group. In 2023, the personal fairness big acquired Jersey Mike’s in an $8 billion deal, offering the model with a strong monetary basis to speed up its growth plans and bolster its place as a pacesetter within the fast-casual sector.
This acquisition marks a pivotal second for the corporate, signaling Blackstone’s confidence in Jersey Mike’s confirmed enterprise mannequin and its perception within the model’s untapped development potential. The infusion of capital has allowed Jersey Mike’s to double down on its aggressive growth technique, enabling it to enter new markets and strengthen its present footprint. Past monetary assist, Blackstone’s experience in scaling profitable companies provides a strategic benefit, making certain the model maintains its high quality and operational consistency whereas rising quickly.
Although the opening of the three,000th retailer is a monumental achievement for Jersey Mike’s, the corporate exhibits no indicators of slowing down. With sturdy plans to broaden its presence each domestically and internationally in 2025, fueled by robust investor backing, Jersey Mike’s is poised to stay a pacesetter within the fast-casual eating trade.
Associated: See Who Made This Year’s Franchise 500 Hall of Fame
Learn Extra: QSR
