4/10

Franchimp Summary Rating

4 /10
Higher than 68% of peers
2 /10
Higher than 84% of peers

Franchise Summary

Description
The franchised business being offered is Perkins Restaurant and Bakery, a full-service family-style restaurant offering moderately priced meals for on-premises and personal carry-out consumption, and for off-site catering and delivery services, with a broad menu of breakfast, lunch, and dinner entrees.
Company Background
Perkins Restaurant and Bakery is a family-style restaurant that offers moderately priced meals. They serve breakfast, lunch, and dinner with many favorites from their original bakery items to delicious desserts. Perkins & Marie Callender's has been in the business of serving up quality food for over 50 years.
Franchise Opportunity
The restaurant industry is a major source of employment in the United States. According to the Bureau of Labor Statistics, there were 14.8 million people employed in food service and accommodations as of May 2011, accounting for 10% of total non-farm payroll employment (Bureau of Labor Statistics 2012). While many people enjoy working in restaurants, it can be hard work for low pay with long hours. In addition to these difficulties are problems such as sexual harassment from customers or co-workers and racial discrimination by management. As this article discusses, "the restaurant industry has been one that has had a reputation not only for being difficult but also discriminatory." Perkins Restaurant & Bakery was founded on the idea that everyone should have access to good quality food at an affordable price without sacrificing their dignity or basic rights on the job.
Corporate Structure
The franchisor is Perkins LLC, a Delaware limited liability company incorporated on September 26, 2019. Its principal place of business is 5901-B Peachtree Dunwoody Road, Suite 450, Sandy Springs, Georgia 30328. Elysium Management LLC ultimately controls Perkins.

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Restaurants (Sit-Down) Industry

$1,729,246 / unit

Franchise Type: Standard

Average Revenue During 2021

$1,729,246
$628,879
Industry Low
$3,609,791
Industry High

Franchisee Attrition

4 /10
This franchise's rate of attrition in 2012 of 7.02% was Slightly Higher than the 4% in the Restaurants (Sit-Down) industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year. It is a strong indicator of the strength of the underlying operating model

Franchise Types Available

# Type Investment Fees

Management Team

# Name Position

Distribution of Perkins Restaurant & Bakery Franchisees

Perkins Restaurant & Bakery Franchise System Development in 2024

FAQ

How much investment do I need to start my own Perkins Restaurant & Bakery business?
Franchisees typically require at least $1,443,890 to $3,581,375 investment to get their Perkins Restaurant & Bakery business started
What are the initial franchise fees for Perkins Restaurant & Bakery?
Franchisees typically need to pay at least $40,000 in fees directly to Perkins Restaurant & Bakery in order to earn the right to launch their business
How much money can I make with a Perkins Restaurant & Bakery franchise? What are the average revenues for a typical Perkins Restaurant & Bakery business?
We estimate that the average revenue of an individual Perkins Restaurant & Bakery unit is approximately $1,729,246. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a Perkins Restaurant & Bakery unit? What is my contractual commitment?
Perkins Restaurant & Bakery franchisees are typically required to sign up to a 20 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!

Accessibility

2 /10
The Franchisor's investment costs ranges from $1,443,890 to $3,581,375 which is Much Higher than the $0 to $0 average in the Restaurants (Sit-Down) industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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