Jersey Mike’s has already filed to go public at a possible $12 billion valuation. Now the sandwich chain is revealing simply how huge it thinks it might probably get.
Jersey Mike’s believes it might probably ultimately develop from roughly 3,300 eating places right this moment to fifteen,000 places globally, in accordance SEC filings reported by Restaurant Enterprise. 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 formidable enlargement comes underneath CEO Charlie Morrison, who beforehand led Wingstop via its IPO and is aware of how rapidly restaurant manufacturers can scale. However Morrison beforehand advised Entrepreneur that progress doesn’t imply including extra complexity.
“I believe complexity kills,” Morrison mentioned.
Morrison mentioned profitable manufacturers have to guard the issues prospects already love whereas staying centered on consistency and execution. Jersey Mike’s enters this subsequent part after 20 consecutive years of same-store gross sales progress.
Jersey Mike’s has already filed to go public at a possible $12 billion valuation. Now the sandwich chain is revealing simply how huge it thinks it might probably get.
Jersey Mike’s believes it might probably ultimately develop from roughly 3,300 eating places right this moment to fifteen,000 places globally, in accordance SEC filings reported by Restaurant Enterprise. 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 formidable enlargement comes underneath CEO Charlie Morrison, who beforehand led Wingstop via its IPO and is aware of how rapidly restaurant manufacturers can scale. However Morrison beforehand advised Entrepreneur that progress doesn’t imply including extra complexity.
“I believe complexity kills,” Morrison mentioned.
Morrison mentioned profitable manufacturers have to guard the issues prospects already love whereas staying centered on consistency and execution. Jersey Mike’s enters this subsequent part after 20 consecutive years of same-store gross sales progress.
