Jersey Mike's is a fast-casual submarine sandwich chain that emphasizes fresh preparation by slicing meats and cheeses to order and baking bread daily in each location. The menu centers on a variety of hot and cold subs identified by number, often served "Mike’s Way" with a signature blend of onions, lettuce, tomatoes, oil, and vinegar. Jersey Mike's operates an asset-light business model, as the vast majority of its locations are owned and operated by franchisees. Jersey Mike's earns revenue primarily through royalties and advertising fees based on franchisee sales, supplemented by initial franchise fees, supplier payments, and technology fees for its proprietary point-of-sale platform. Because the company does not bear store-level labor or food costs for franchised units, the business generates high margins with limited capital requirements. Jersey Mike's focuses its growth strategy on domestic expansion, where the company intends to significantly increase its store footprint, and international development through agreements in Canada, the United Kingdom, and Ireland. Jersey Mike's also prioritizes digital ordering and its loyalty program to drive sales. Blackstone holds a majority stake in Jersey Mike's following an acquisition in 2025, and Jersey Mike's has filed for an initial public offering to support its continued expansion.