A Sub Above
Franchise research report · reviewed 2026 disclosure data
Researching A Sub Above franchise opportunities? Every figure below is cited to the FDD.
A Sub Above franchises operate Jersey Mike’s restaurants serving made-to-order submarine sandwiches, other sandwiches and related foods and beverages. The FDD describes restaurant locations for both on-premises and off-premises consumption.
Headline figures
A Sub Above quick facts
- Is A Sub Above a franchise?
- Yes. A Sub Above offers franchises through a Franchise Disclosure Document. At the end of 2025, it reported 3,201 franchised and 26 company-owned outlets (2026 FDD, Item 20, PDF p. 59).
- How much does it cost to open an A Sub Above franchise?
- The A Sub Above Franchise Disclosure Document reports an estimated initial investment of $436,176–$1,162,228 (2026 FDD, Item 7, PDF p. 1). This is the franchisor's disclosed estimate, not a quote. Details
- What is the A Sub Above initial franchise fee?
- The disclosed initial franchise fee for a standard single unit is $20,000 (2026 FDD, Item 5, PDF p. 15). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
- What ongoing fees does A Sub Above charge?
- The disclosed ongoing royalty is 6.5% (2026 FDD, Item 6, PDF p. 16). The brand or advertising fund contribution is $5,000 (2026 FDD, Item 6, PDF p. 16). Other recurring fees are listed in Item 6. Details
- Does A Sub Above disclose financial performance (Item 19)?
- Yes. The A Sub Above FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 58). Figures apply only to the locations and period each one covers. Details
- How many A Sub Above locations are there?
- The FDD reports 3,227 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 59). Existing locations do not indicate territory availability. Details
- Is A Sub Above a good franchise to buy?
- Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 includes financial performance figures; check which locations and period they cover; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1Opening costs are estimated at $436,176 – $1,162,228 in the 2026 FDD (Item 7); several initial fee options apply.
- 2Item 19 reports other measures for 2,606 locations.
- 3Outlets grew by 238 in 2025, to 3,227 (Systemwide, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
A Sub Above head-to-head
Closest peers in the same subcategory, side by side from reviewed FDD figures. Not a ranking or recommendation.
Costs · Items 5–7
What does it cost to open?
Estimated opening costs and the fees payable to the franchisor.
Startup Investment — Item 7
Total estimated initial investment
2026 FDD · Item 7 · PDF p. 1
Standard single-unit franchise fee
2026 FDD · Item 5 · PDF p. 15
Discounted and multi-unit options are separate; see all fees.
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- Continuing royaltyMain ongoing fee
37 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.
Financial Performance — Item 19
What results are disclosed—and for which locations?
One reported population. Revenue is not owner income.
Locations counted: not stated in the reviewed record
Other measures · 2,606 locations
- Who is counted
- Traditional Franchised Jersey Mike's Restaurants operating in the United States for more than 360 days during the measurement period
- Period
- Traditional Franchised Restaurants
- Excluded
- Excluded from this Traditional Franchised Restaurant group: 583 restaurants operated fewer than 361 days during the measurement period; 8 did not use the designated POS system; 13 were non-traditional; and 17 were owned or managed by the Company, its affiliates, or Item 2 persons.
- Method
- Data polled directly from designated POS System
Outlet Changes — Item 20
How has the outlet count changed?
Systemwide, as labeled in the FDD · counts as of 2025 of each year.
2026 FDD · Item 20 · PDF p. 59
Net +552 outlets, 2023–2025
Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.
Questions to investigate
Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.
For the franchisor
Which line items in the 2026 Item 7 estimate ($436,176 – $1,162,228) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
Which locations are included in the Item 19 figures, and which were excluded?
Reported units went from 2,989 to 3,227 in 2025. How many new units opened, closed or changed hands?
Is a territory available in my area, and how is it defined in my agreement?
For current and former owners
How did your actual startup costs and timeline compare with the Item 7 estimate?
How many hours a week do you work in the business, and in what role?
How do your results compare with the Item 19 figures, and what explains the difference?
What support from the franchisor has been most and least useful?
For your advisors
Ask a franchise attorney to review the territory, renewal, transfer and termination terms.
Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.
Sources & vintage history
Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.
Citations (2026 FDD)
- [1]Estimated initial investment — Item 7 · PDF p. 1
- [2]Standard initial franchise fee — Item 5 · PDF p. 15
- [3]Item 19 — Locations counted not stated in the reviewed record · PDF p. 58
- [4]Outlet counts — Item 20, Table 1 · PDF p. 59
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page.
Territory & operations
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2025 | a sub above llc revenue | $298,454 |
| 2025 | jersey mike’s holdco llc revenue | $696 |
| 2025 | jersey mike’s holdco llc net income | $59 |
| 2025 | a sub above llc net income | $173,450 |
| — | a sub above llc total assets | $7,438,097 |
| — | a sub above llc total liabilities | $19,205 |
| — | a sub above llc total equity | $7,418,892 |
| — | jersey mike’s holdco llc total equity | $5,903 |
| — | jersey mike’s holdco llc total assets | $8,181 |
| — | jersey mike’s holdco llc total liabilities | $2,278 |
These figures describe the franchisor company, not individual franchise locations.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
Related research
Brands in the same subcategory first, then the wider industry, ordered by shared business format and overlapping investment range. This is not a ranking or recommendation.
Donatos Pizza
Moe’s Southwest Grill
Paris Banh Mi
Pickleman’s Gourmet CafePSPizza SchmizzaHead-to-head comparisons
At a glance
Business history
Not reviewed
Owner participation
Not reviewed
Territory language
Litigation disclosure
Not reviewed
Bankruptcy disclosure
Not reviewed
Agreement term
Not reviewed
Reader notes on wording
Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.
Item 12 · PDF p. 44 · 2026 FDD
Our summary: Territory protection: No competing physical Jersey Mike’s restaurant in the Designated Area during the agreement while franchisee is not in default; exceptions apply
“Company and its affiliates will not, as long as the Franchise Agreement is in effect and you are not in default thereunder, establish or operate, or authorize any other person to establish or operate, a JERSEY MIKE’S Restaurant from a location within your Designated Area; however, Company may establish and operate, and authorize others to establish and operate, within your Designated Area: (i) any other type of business ... (ii) any distribution channels other than a physical JERSEY MIKE’S Restaurant ... and (iii) JERSEY MIKE’S Restaurants at Non-Traditional Venues.”
Note: Supplied quote could not be confirmed on the cited PDF page excerpt.
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.
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