Jimmy John’s SANDWICHES

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Description

The franchisor is Jimmy John's Franchisor SPV, LLC. The franchisor's parent company is Inspire Brands. The franchise is to operate a restaurant under the "Jimmy John's" name that features high-quality deli sandwiches, fresh baked breads, and other food and beverage products.

Training Overview

Before the restaurant opens for business, the operations partner and on-site managers that franchisees have designated to become certified will be trained on the material aspects of operating a Jimmy John's restaurant, excluding aspects relating to labor relations and employment practices. Three weeks of training (although training may be longer or shorter depending on the attendees' experience and needs) will be provided at a designated training facility of the franchisor's choice and/or at an operating Jimmy John's restaurant.

The operations partner also must successfully complete an apprenticeship program, which is four weeks long. When the restaurant is ready to open for business, the franchisor will, at its own cost, send a representative to the restaurant to assist during its initial opening period. The franchisor may require the operations partner and/or previously trained and experienced managers to attend and complete to its satisfaction any training courses it periodically chooses to provide during the franchise term, at the times and locations it designates.

Territory Granted

Franchisees will operate the restaurant at a specific location that the franchisor first must accept. Franchisees will not receive an exclusive territory. Franchisees also do not have any type of non-exclusive territory. Franchisees may face competition from other franchisees, from outlets that the franchisor owns, or from other channels of distribution or competitive brands that the franchisor controls.

Obligations and Restrictions

Franchisees must at all times faithfully, honestly, and diligently perform their contractual obligations and use their best efforts to promote and enhance the restaurant and the Jimmy John's brand. The owners must personally guarantee the obligations under the Franchise Agreement and agree to be bound personally by every contractual provision, whether containing monetary or non-monetary obligations, including the covenant not to compete.

Franchisees must offer and sell all menu items and perform all services the franchisor periodically requires for Jimmy John's restaurants. Franchisees may not offer or sell any products or perform any services the franchisor has not authorized.

Term of Agreement and Renewal

The length of the initial franchise term is 10 years from the day on which restaurant first opens to the public for business. If franchisees are in full compliance, they may acquire one successor franchise on the then current terms (which may be materially different) for the shorter of 10 years or the lease term.