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Yuba County, California
Fast Food Franchise
1 result for "Fast Food Franchise" businesses in "Yuba County, California"
Yuba County, California
Fast Food Franchise
1 result for "Fast Food Franchise" businesses in "Yuba County, California"
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Yuba County, California
Jimmy Johns Franchise - Founded In 1983
$ 220,000
CF : $ 147,989
Headquartered in Champaign, IL, Jimmy John's was founded in 1983 and now boasts over 2500 units nationwide. In September 2016 a majority stake was sold to Roark Capital, a private equity firm also invested in Arby's, Carvel, Auntie Anne's Pretezels, Wingstop and Cinnabon, among others. A simple menu and good product with only the freshest ingredients sets the brand apart in the sandwich QSR segment. Franchisor requires a minimum net worth of $1M with at least $200K in liquid assets, or commensurate with purchase. Restaurant experience preferred by not required. Transfer fees are $12,500 per unit for new franchisee or JJ franchisee who has only been in operation for 1 yr $7,500 per unit.
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Single-unit QSR locations generating $500,000-$1M+ in annual gross sales typically list for $150,000-$400,000 as asset sales. Multi-unit portfolio acquisitions from retiring franchisees are increasingly common on BizBen. California's AB 1228 — a $20/hour minimum wage for fast food workers effective April 2024 — has materially affected unit economics, and buyers should review only post-April 2024 P&L statements. Drive-through formats continue to command 10-20% premiums over inline locations.
California remains the largest and most active state for fast food franchise acquisitions in the country.
Thinking about selling your fast food franchise? BizBen connects sellers with qualified buyers and experienced franchise brokers who understand franchisor transfer approval, FDD requirements, and California franchise resale law.