Headquartered in Champaign, IL, Jimmy John's was founded in 1983 and now boasts over 2500 units nationwide. In September 2016 a majority stake was sold to Roark Capital, a private equity firm also invested in Arby's, Carvel, Auntie Anne's Pretezels, Wingstop and Cinnabon, among others. A simple menu and good product with only the freshest ingredients sets the brand apart in the sandwich QSR segment. Franchisor requires a minimum net worth of $1M with at least $200K in liquid assets, or commensurate with purchase. Restaurant experience preferred by not required. Transfer fees are $12,500 per unit for new franchisee or JJ franchisee who has only been in operation for 1 yr $7,500 per unit.