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Jimmy John’s franchise financing options

Compare costs, fees and where to get financing for a Jimmy John's.

Overall costs for Jimmy Johnu2019s run anywhere from $313,600 to $556,100. See how the costs break down and what funding options might be right for your new venture into the franchise foray.

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 fees

Jimmy Johnu2019s franchise fees total around $32,500, which beats out the $37,000 average for the 200 largest franchises nationwide.
Franchise Cost
Initial franchise fee $30,000 to $35,000
Royalty 6% of restaurantu2019s weekly gross sales.
Estimated total $30,000 to $35,000

Equipment fees

Equipment fees total $131,850 for Jimmy Johnu2019s. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
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 fees

Real 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.
Real estate Cost
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 fees

Jimmy Johnu2019s initial training costs total $10,500 — more than the nationwide average of $9,788.
Training Cost
Training expenses, out-of-pocket costs for up to three people $6,000 to $15,000
Estimated total $6,000 to $15,000

Inventory costs

Initial inventory for Jimmy Johnu2019s shakes out to $6,000. This is less than the nationwide average of $53,119.
Inventory Cost
Opening inventory and supplies $6,000 to $6,000
Estimated total $6,000 to $6,000

Marketing costs

Advertisement and marketing costs total up to $4,000 for Jimmy Johnu2019s, beating out the nationwide average of $9,938.
Marketing Cost
Grand opening event $3,000 to $5,000
Estimated total $3,000 to $5,000

Insurance costs

Initial insurance costs for Jimmy Johnu2019s run $13,250. This means you'll be paying more than the overall nationwide average of $6,311.
Insurance Cost
Insurance $11,500 to $15,000
Estimated total $11,500 to $15,000

Other expenses

Miscellaneous expenses for Jimmy Johnu2019s total $68,500 — less than the nationwide average of $69,970.
Other Cost
Miscellaneous expenses $2,000 to $10,000
Three months' additional funds $50,000 to $75,000
Estimated total $52,000 to $85,000
All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2021.

How to finance

Since the estimated total for Jimmy Johnu2019s is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Jimmy Johnu2019s franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Jimmy Johnu2019s about in-house financing for franchisees.
  3. 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.
  4. Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
  5. Once you settle on a lender, gather all required documents, including account statements and assets.
  6. 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.
Also check if Jimmy Johnu2019s franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.

Compare small business lenders

You 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.
Name Product Filter Values Min. Amount Max. Amount Requirements
OnDeck small business loans
$5,000
$250,000
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
Fora Financial business loans
$5,000
$500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Great for SBA loan applicants.
Lendio business loans
$500
$5,000,000
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
ROK Financial business loans
$10,000
$5,000,000
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.
LendingClub personal loans for business
$1,000
$40,000
US citizen or permanent resident, verifiable bank account, steady source of income, ages 18+.
Get prequalified for a personal loan up to $40,000 to help you grow your business. Great for new business owners with at least fair credit.
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How Jimmy Johnu2019s stacks up

Compare 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 line

Jimmy 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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