"Are You a CEO, Director, or Founder interested in a Feature Interview?"
All Interviews are 100% FREE of Charge
Jersey Mike’s, the fast-growing sandwich chain ranked No. 2 on the 2024 Franchise 500, has reached a significant milestone in its history as it embarks on its first major international expansion. What began with a single store on the Jersey Shore in 1956 has steadily expanded across the U.S. and is now setting its sights on Canada, where it plans to open 300 new stores over the next few years.
“The opportunity is there,” said Peter Cancro, founder and CEO of Jersey Mike’s. Entrepreneur In January, the company stressed that its philosophy remained unchanged, but said: “We will expand internationally, but we need to do so with the right group, the right people.”
Jersey Mike’s Choice Redbury RestaurantThe company is a master franchisor that also owns Burger King and Taco Bell restaurants in Canada and will lead the expansion north of the border.
Related: Considering owning a franchise? Get started today and find a personalized listing of franchises that fit your lifestyle, interests, and budget.
The decision to enter the Canadian market comes as Jersey Mike’s continues to experience strong growth in the country, with the brand opening 1,000 new stores over the past five years. Expanding into Canada is a natural next step for Jersey Mike’s, which has become a leading player in the U.S. fast-casual dining industry.
In addition to expanding internationally, Kankuro said: Entrepreneur The company plans to open 1,000 more stores in the U.S. over the next three years, with an eventual goal of 10,000 total stores, but the CEO is adamant about limiting the company’s expansion to 13% to 15% store growth per year.
Related: Entrepreneur’s Franchise 500 rankings this year and the big trends they saw
“If we open too many stores, they’ll start closing, and we want to avoid that,” he said. EntrepreneurTo support this steady growth, the company has built an infrastructure of area managers who work with franchisees from the moment they open. 1725037797 It’s not a problem or an issue.”
The expansion into Canada reflects growing demand for Jersey Mike’s unique products. The brand has built a loyal customer base in the U.S. by offering a higher-quality alternative to traditional fast food. Jersey Mike’s is also the latest chain to host its annual Month of Givinghas become one of the most popular Subway chains in the country.
Related: Don’t Have Time to Start a Business? This doctor, lawyer, and now part-time franchise owner doesn’t think so.
read more: QSR Magazine
"Elevate Your Brand with an Exclusive Feature Interview!"