Jimmy John's Franchise Insights: Products, Competition, and Consumer Demand
Explore key facts about Jimmy John's franchise, including the products and services provided, startup costs, competitiveness in the market, and consumer demand. Discover details such as franchise locations, operational years, and the level of competition nationally and in local communities.
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Presentation Transcript
FACTS ABOUT JIMMY JOHN S
FRANCHISE DATA PAGE 1 What product or service does they provide? They provide deli sandwiches, baked breads, other food and beverage products. How much money is needed to start? -It is between $305,000 and -$485,500 . What are the annual royalty and advertising fees? it is between 6% for the annual royalty and the advertising fees is 4.5%. Number of existing franchises? For what I have found out there is 2,820 franchise for Jimmy Johns.
FRANCHISE DATA PAGE 2 Years franchiser has been in operation? Jimmy Johns have been in operation for 35 years. Location of franchise headquarters? There location is in a city called Champaign,Illinois.
ABILITIES AND INTERESTS. PAGE 1 SLIDE 4. Is this a business that think you would enjoy running. No I don t not think this would be a franchise I would run. Do current franchise owners have any prior technical backgrounds or special training that helps them succeed? Explain. Yes because before they need to work they have to go to collage for 2 years for making there subs or stuff they make. And there are 5 business near us in Buffalo and Rochester.
CONSUMER DEMAND Is there a demand for the franchiser s products or services in your community? NO there is not a demand for it in my area. Is the demand seasonal? For example, lawn and garden care or swimming pool maintenance may be profitable only in the spring or summer. No it is not seasonal. Is there likely to be a continuing demand for the products or services in the future? I do not believe there is going to be but over all I do not think so. Does the product or service generate repeat business? No they do not because they dumb.
MARKET COMPETITIO N. PAGE 1 What is the level of competition for the product or service, nationally? There are 10 franchises that are against jimmy johns and they are , Soobway (subway), Quizons, Firehouse restaurant group. Jersey mikes, McAlisters, Deli, Blimpie, Rolypoly pa, which wichincorporated. What is the level of competition in your community? There is somewhat a level of competition in my community. How many franchised and company owned outlets does the franchiser have in your area? There is none in my area. How many competing companies sell the same or similar product or services in your area? There are 4 competitors fighting for the top spot. The names are Nevys,Nicholes,Hanson farms and Three bums. Are these competing companies well established, with wide name recognition in your community? Yes these are the big 4 that have a well established place, wide name recognition my community.
MARKET COMPETITION PAGE 2. Do they offer the same goods and services at the same or lower price. Yes they off the same thing at a same or lower price but Hanson's offer the same thing for a higher price.
NAME AND REIGNITION Is the company s name widely recognized? Yes the company's name is widely recognized . Does the company have a reputation for quality products or services? Yes the do have a high reputation for there quality products and services.
TRAINING AND SUPPORT SERVICES. They provide the site selection they also provide the building design and construction and the financing and the training and the ongoing supervision and management help and the advertising and other marketing. They do not provide Bulk purchasing.
DOES THE FRANCHISER HAVE SUFFICIENT FINANCIAL ASSESTS AND STAFF TO SUPPORT THE FRANCHISES? YES THEY DO HAVE THE FININCAIL ASSESTS AND STAFF TO SUPPORT THE OTHER FRANCHISE.
