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Jimmy John’s franchise financing options
Compare costs, fees and where to get financing for a Jimmy John's.
Estimated initial costs
Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Jimmy Johnu2019s franchise may result in higher or lower fees.
Franchise feesJimmy Johnu2019s franchise fees total around $32,500, which beats out the $37,000 average for the 200 largest franchises nationwide.
|Initial franchise fee||$30,000 to $35,000|
|Royalty||6% of restaurantu2019s weekly gross sales.|
|Estimated total||$30,000 to $35,000|
Equipment feesEquipment fees total $131,850 for Jimmy Johnu2019s. This is less than the $180,023 average for the top 200 franchises.
|Furniture, fixtures, signage, and equipment, including computer and point-of-sale system||$95,500 to $166,000|
|Office equipment||$1,100 to $1,100|
|Estimated total||$96,600 to $167,100|
Real estate feesReal estate will set you back $168,250 for Jimmy Johnu2019s, thought it's less than the average of $788,376 for the top 200 franchises.
|One month's rent||$2,500 to $8,000|
|Security deposit||$2,500 to $8,000|
|Leasehold improvements||$97,500 to $200,000|
|Architect||$5,000 to $10,000|
|Utility deposits||$1,000 to $2,000|
|Estimated total||$108,500 to $228,000|
Training feesJimmy Johnu2019s initial training costs total $10,500 — more than the nationwide average of $9,788.
|Training expenses, out-of-pocket costs for up to three people||$6,000 to $15,000|
|Estimated total||$6,000 to $15,000|
Inventory costsInitial inventory for Jimmy Johnu2019s shakes out to $6,000. This is less than the nationwide average of $53,119.
|Opening inventory and supplies||$6,000 to $6,000|
|Estimated total||$6,000 to $6,000|
Marketing costsAdvertisement and marketing costs total up to $4,000 for Jimmy Johnu2019s, beating out the nationwide average of $9,938.
|Grand opening event||$3,000 to $5,000|
|Estimated total||$3,000 to $5,000|
Insurance costsInitial insurance costs for Jimmy Johnu2019s run $13,250. This means you'll be paying more than the overall nationwide average of $6,311.
|Insurance||$11,500 to $15,000|
|Estimated total||$11,500 to $15,000|
Other expensesMiscellaneous expenses for Jimmy Johnu2019s total $68,500 — less than the nationwide average of $69,970.
|Miscellaneous expenses||$2,000 to $10,000|
|Three months' additional funds||$50,000 to $75,000|
|Estimated total||$52,000 to $85,000|
How to financeSince the estimated total for Jimmy Johnu2019s is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Jimmy Johnu2019s franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Jimmy Johnu2019s about in-house financing for franchisees.
- If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $434,850 estimated opening costs.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- Apply for financing online or in person as required by the lender.
What types of financing is available?You have several options when it comes to financing a Jimmy Johnu2019s — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
- Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
- Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Jimmy Johnu2019s opening costs.
- SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Compare small business lendersYou may not need financing to cover the estimated $313,600. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How Jimmy Johnu2019s stacks upCompare how Jimmy Johnu2019s holds up against two similarly sized franchises.
|Yves Rocher||Jimmy Johnu2019s||Noble Roman's|
|Average Franchise fees||NA||$32,500||$8,750|
|Average Equipment fees||NA||$131,850||$64,450|
|Average Real estate fees||NA||$168,250||$37,750|
|Average Training fees||NA||$10,500||$350|
|Average Inventory fees||NA||$6,000||$3,500|
|Average Marketing fees||NA||$4,000||$2,525|
|Average Licenses and permits fees||NA||NA||NA|
|Average Insurance fees||NA||$13,250||NA|
|Average Admin fees||NA||NA||NA|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||NA||$68,500||NA|
Bottom lineJimmy Johnu2019s franchise costs run a total of $434,850. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.
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