Jersey Mike’s has already filed to go public at a possible $12 billion valuation. Now the sandwich chain is revealing simply how large it thinks it could get.
Jersey Mike’s believes it could ultimately develop from roughly 3,300 eating places as we speak to fifteen,000 places globally, in accordance SEC filings reported by Restaurant Business. The corporate sees room for 7,500 places within the U.S. alone and has already signed worldwide offers in Canada, the U.Ok. and Eire.
The bold growth comes underneath CEO Charlie Morrison, who beforehand led Wingstop by its IPO and is aware of how shortly restaurant manufacturers can scale. However Morrison beforehand instructed Entrepreneur that development doesn’t imply including extra complexity.
“I feel complexity kills,” Morrison mentioned.
Morrison mentioned profitable manufacturers have to guard the issues clients already love whereas staying targeted on consistency and execution. Jersey Mike’s enters this subsequent section after 20 consecutive years of same-store gross sales development.
Jersey Mike’s has already filed to go public at a possible $12 billion valuation. Now the sandwich chain is revealing simply how large it thinks it could get.
Jersey Mike’s believes it could ultimately develop from roughly 3,300 eating places as we speak to fifteen,000 places globally, in accordance SEC filings reported by Restaurant Business. The corporate sees room for 7,500 places within the U.S. alone and has already signed worldwide offers in Canada, the U.Ok. and Eire.
The bold growth comes underneath CEO Charlie Morrison, who beforehand led Wingstop by its IPO and is aware of how shortly restaurant manufacturers can scale. However Morrison beforehand instructed Entrepreneur that development doesn’t imply including extra complexity.
“I feel complexity kills,” Morrison mentioned.
Morrison mentioned profitable manufacturers have to guard the issues clients already love whereas staying targeted on consistency and execution. Jersey Mike’s enters this subsequent section after 20 consecutive years of same-store gross sales development.
