Digging into Jersey Mike’s - Chain Store Guide

The fast-casual takeover has been the focus of the industry but 1,000+ unit stalwart Jersey Mike’s Subs is a QSR monster in the midst of large scale expansion. This month, we dig into the Chain Store Guide Chain Restaurant Operators Database to take a look at how one QSR sandwich chain is taking care of business.

Continuity and a focus on quality are keys to success. When combined with care and consistency, fresh baked bread, sliced to order meats and cheeses, and something as simple as red wine vinegar and olive oil dressing can create a solid foundation for growth.

Jersey Mike’s has nearly doubled its number of stores in the past three years, growing from 588 stores at the end of 2012 to 1,044 stores when 2015 came to a close. Upon opening its 1,000^th location in October 2015, Founder and CEO Peter Cancro stated that the chain would add another 1,000 units by 2019, an expectation for growth that has been reiterated by the company in the months since. Cancro and the corporate culture he created since buying his first sub shop in 1975 are another factor in the success of Jersey Mike’s.

Historical Data Source: Chain Store Guide’s Chain Restaurant Operators Database. Estimated growth is based trend analysis and public statements by the Company. Actual figures are subject to change. This data is not intended for investment decisions.

Of the 1,044 locations Jersey Mike’s started the year with, 40 are company owned units, a number that’s expected to grow by approximately 20 stores by the end of 2016.

Jersey Mike’s has a presence in 39 states (see map below). At the end of 2015, the states with 20 or more locations were Arizona (26), California (189), Colorado (22), Florida (86), Georgia (44), Illinois (47), Michigan (20), New Jersey (41), North Carolina (89), Ohio (36), South Carolina (47), Tennessee (38), Texas (81), Virginia (45), Washington (28).

For 2016, the company has announced planned openings in 29 states. The map below reflects counts for states in which the company has provided estimates of three or more new locations.

Of the 1,044 locations Jersey Mike’s started the year with, 40 are company owned units, a number that’s expected to grow by approximately 20 stores by the end of 2016.

For 2016, the company has announced planned openings in 29 states. The map below reflects counts for states in which the company has provided estimates of three or more new locations.