The 2026 Jersey Mike's FDD moves the Item 7 estimated initial investment range from $185,903–$1,417,592 to $436,176–$1,162,228, and the system grows from 2,989 to 3,227 outlets year-over-year. Both filings include an Item 19 financial performance representation.
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Low end of range | $185,903 | $436,176 | +$250,273 (+134.6%) |
| High end of range | $1,417,592 | $1,162,228 | −$255,364 (−18.0%) |
| Full range | $185,903–$1,417,592 | $436,176–$1,162,228 |
The 2026 filing puts the Item 7 estimated initial investment at $436,176–$1,162,228, versus $185,903–$1,417,592 in the 2025 filing. The low end moves by +$250,273 (+134.6%) and the high end moves by −$255,364 (−18.0%).
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Total outlets (Item 20) | 2,989 | 3,227 | +238 (+8.0%) |
Jersey Mike's reports 3,227 outlets in the 2026 FDD, versus 2,989 in the 2025 filing (+238 (+8.0%)).
Jersey Mike's included an Item 19 financial performance representation in both the 2025 and 2026 filings.