SBA 7(a)/504 FOIA · FY1991–PRESENT · NEW JERSEY
JERSEY MIKE'S franchise in New Jersey: what the public record shows
Franchisees of JERSEY MIKE'S in New Jersey have taken 21 SBA loans since 1991 (average $276,005), and of the 17 loans whose story has ended, 0.0% were charged off — versus 4.1% for JERSEY MIKE'S nationally and 14.8% across all rateable franchise brands. Its latest FDD Item 20 state table reports 140 franchised outlets in New Jersey (fiscal 2025) — about 1.47 per 100k residents.
Loans in NJ
21
Resolved
17
Local charge-off
0.0%
National charge-off
4.1%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = NJ. Charge-off rate = charged-off ÷ (charged-off + paid-in-full); open loans excluded. A local rate is published only when the resolved cohort clears our floor.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2023 | 131 | — |
| 2024 | 135 | — |
| 2025 | 140 | — |
| System | Loans in NJ | Local charge-off | Units in NJ |
|---|---|---|---|
| Subway | 188 | 17.1% | 140 |
| Blimpie | 35 | 17.9% | — |
| Matco Tools | 32 | 21.9% | — |
| DAIRY QUEEN | 28 | 15.0% | — |
| EDIBLE ARRANGEMENTS | 26 | 14.3% | 43 |
| Fastsigns | 19 | 8.3% | — |
| ALPHAGRAPHICS | 14 | 9.1% | 8 |
| Sir Speedy Printing | 14 | thin | 4 |
| MASSAGE ENVY | 13 | 9.1% | 38 |
| QUALITY INN | 12 | thin | 11 |
| CODE NINJAS | 11 | thin | 17 |
| Management Recruiters, Sales Consultants | 10 | thin | 30 |
Same sector, same state, same public records — how JERSEY MIKE'S compares to the systems a buyer in New Jersey would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.
A broker is paid by the franchisor to place you. I'm paid by you — and the job is pressure-testing JERSEY MIKE'S's numbers, including talking you out of a bad deal.