Standard Fee* |
2023 Development Incentivesfor Traditional Locations |
|
|---|---|---|
|
INITIAL FRANCHISE FEE |
$35,000 |
$35,000
$25,000
becomes a royalty credit upon an on-time opening |
|
ROYALTY FEE |
6%
of restaurant weekly gross sales |
36-month royalty reduction for each restaurant with an on-time opening:
Y1: 1%
Y2: 2%
Y3: 4% |
|
ADVERTISING AND
DEVELOPMENT FUND |
4.5%
of restaurant weekly gross sales |
24-month advertising and development fund reduction for each traditional restaurant in a 5+ deal with an on-time opening
Y1: 2%
Y2: 3% |
*See our 2023 Franchise Disclosure Document for details.
IMPORTANT CONDITIONS TO RECEIVE INCENTIVES: For each Restaurant, the CFF and/or CAF reductions set forth above, as applicable, will apply only if you satisfy the following conditions: a. You build the Restaurant in the design, to the specifications, and at the location approved by us in accordance with the SDA and/or the Franchise Agreement; b. Within one hundred twenty (120) days after the Restaurant first opens for business, you provide us with a report, in the format containing the information that we reasonably specify, identifying the amounts that you spend in various categories relating to the development and opening of the Restaurant; and c. You open the Restaurant by the Required Opening Date.
For the avoidance of doubt, if you fail to meet any of the conditions stated above for any Restaurant developed under an SDA, the CFF and CAF reductions above will not apply under the Franchise Agreement for
the Restaurant only, and you will pay the standard CFF and CAF for the entire term of that Restaurant's Franchise Agreement.
This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only.
**The JJ's 2023 Franchise Development Incentive applies to new franchise commitments sold after the March 2023 FDD is released. Based on the reported 2022 Franchised Covered Restaurants AUV of
$907,848 the value of the incentive is as follows: For each opening the incentive yields up to ~$124,000 per unit. For deals with 5 or more units, the savings increases by ~$36,000 per unit for a total of $160,000
in savings per on time opening.
This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of or want to locate a franchise in one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your state.
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