Daily Newsletter

18 January 2024

Daily Newsletter

18 January 2024

Jimmy John’s signs franchise deals in Canada and Latin America

The company has partnered with Foodtastic in Canada and Franquicias Internacionales in Latin America for its international expansion.

Surya Akella January 18 2024

American sandwich chain Jimmy John's has signed two franchise agreements to enter the Canadian and Latin American markets.

The chain has partnered with Foodtastic in Canada and Franquicias Internacionales in Latin America to navigate its entry into these new markets.

Both franchisees have considerable quick-service restaurant experience and have established significant regional footprints.

Foodtastic, a Canadian franchisor, operates 1,100 restaurants and generates sales of $1.1bn.

Based in El Salvador, Franquicias Internacionales manages a diverse portfolio that spans the food and beverage, digital media and logistics sectors.

These partnerships are poised to drive Jimmy John’s growth beyond the US.

Jimmy John's is known for its use of freshly baked bread, premium meats and cheeses and freshly sliced vegetables.

The brand's sandwiches, known for their customisability, will now offer a new hot, toasted option to international customers.

The brand's operational model includes drive-thru, pick-up and delivery options.

Inspire Brands International president and managing director Michael Haley said: “For 40 years, Jimmy John's has taken a straightforward approach to making ridiculously good, quality sandwiches and it's now time to share them with the world.

“In a global restaurant environment where simplicity is paramount, we're confident this brand is primed for extensive international growth.”

Inspire Brands, the parent company of Jimmy John's, will support the expansion with its shared services platform and international team's expertise.

Inspire manages a portfolio of 32,000 locations worldwide, including Arby's, Baskin-Robbins, Buffalo Wild Wings, Dunkin' and SONIC.

Western Europe foodservice market dynamics

The total revenue of the Western European foodservice profit sector totaled $685.3 billion in 2022, having declined at a negative CAGR of 2.4% during 2017–22. In 2022, FSR was the largest foodservice channel, with a value share of 25.9%, followed by QSR. However, the region’s foodservice sector is poised to bounce back as it is forecasted to register a CAGR of 8.1% by 2027.

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