Possible IPOs: Cumberland Farms and Jersey Mike’s

Cumberland Farms Ltd. (Charlotte, N.C.) and Jersey Mike’s Subs (Tinton Falls, N.J) have each filed preliminary paperwork to sell stock. Here’s a bit about each offering:

• Cumberland, which operates more than 3200 c-stores across the U.S. and Europe, says some of the money raised by going public would assist it in converting many of its sub-brands (such as Fastrac, Quik Shop and Tom Thumb) into locales carrying its parent banner.

• Jersey’s Mike’s said such a sale would help it expand its physical footprint (which currently consists roughly 3400 franchised shops) in both its existing markets and by entering new ones, both in the U.S. and abroad.

Both firms have made preliminary filings with the U.S. Securities and Exchange Commission that include information on the size and scope of the company involved, their recent financial performance and their future plans. But in neither case have the companies disclosed specifics on how many shares they expect to issue and at what initial price; such information will become available once the businesses get further into the filing process. (Click here for access to Cumberland Farms’ filing with the SEC and here for that of Jersey Mike’s.)