Manasquan, N.J. — Jersey Mike's Subs opened more than 170 new stores and achieved a 6% system-wide same-store sales increase for 2017. Fourth quarter 2017 marked its 16th consecutive quarter of positive growth.
"Since the original store opened in '56, we've never wavered from the values that have been our company's foundation since Day 1, and we're proud that this commitment to excellence has translated into tremendous success for our brand," says Hoyt Jones, president of Jersey Mike's.
Jersey Mike's product quality and people led to a surge of franchise and corporate development in 2017, and in addition to the 170 new locations opened throughout the year, the company also signed franchise agreements to open an additional 160 restaurants in 2018. Of that development, 60% came from within the system, which is a direct reflection of the company's efforts to prioritize its existing franchise network and enable their growth.
"Coupled with our strong franchise development pipeline, the exceptional success we experienced in 2017 has positioned Jersey Mike's for continued growth in 2018, and we look forward to accelerating this momentum and continuing to take the brand to new heights," says Jones.
In 2018, the fast-casual sub sandwich franchise plans to open 200 restaurants nationwide and currently has franchise opportunities across the U.S. in markets such as Chicago, St. Louis and Kansas City, among others. Jersey Mike's is aiming to have more than 2,000 stores open nationwide by 2020. The company is also placing a focus on its non-traditional development and aggressively seeking to expand its presence in in major airports, universities and sporting venues throughout the country.
For more information, visit www.jerseymikes.com/franchise.
SOURCE: Jersey Mike’s