Perkins embodies value without sacrificing selection and taste. A leader in family restaurant dining since 1958, Perkins serves delicious options for breakfast, lunch, and dinner at an affordable price. Perkins is a proven franchising success with more than 400 franchises across North America.
|Franchised as % of Total||66.30%||69.80%||68.00%|
The initial fee for a Perkins Restaurant franchise is $50,000. Perkins provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
|Item||Estimated Low Range||Estimated High Range|
|Initial Franchise Fee||$25,000||$50,000|
|Construction of Building||$500,000||$950,000|
|Furniture, Fixtures, Equipment||$350,000||$500,000|
|Interest during construction||$25,000||$30,000|
|Licenses, insurance, pre-opening advertising||$45,000||$55,000|
|Inventory, smallwares, uniforms||$35,000||$40,000|
|Additional Funds (3 months)||$321,000||$604,000|
|Expenses while Training||$82,000||$104,000|
|Software License Agreement and Software Maintenance||$550||$650|
|Accounting Services (3 periods)||$0||$2,925|
|Grand Opening Marketing||$4,000||$8,000|
Franchisees are required to pay royalty fees equal to 4% of monthly gross sales, advertising fees of 3% of gross sales, and local advertising fees equal to 1% of gross sales.
Franchisees will be enrolled in an initial training program which includes both classroom and on-the-job training and which will generally last 7 to 13 weeks, although the duration of each person’s training depends on their position within the franchised store. Perkins will also provide a New Store Opening Team for one week prior and three weeks after the grand opening of the franchise. Perkins will continue to offer guidance and advice regarding the operation business, as well as administer the national marketing fund and conduct market research periodically.
Perkins does not grant exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2013 FDD. The 2013 write-ups will be incorporated into the 2014 Edition of the Bond’s Top 100 Franchises publication.