This Disclosure Document provides information regarding the operation of a family-style restaurant offering moderately priced meals at a single location identified by trademarks, trade names and service marks designated by Perkins & Marie Callender's, LLC, the franchisor, and operated pursuant to methods, standards, specifications and other requirements designed to maintain high quality food and service in an attractive restaurant environment and doing business under the name and style of Perkins Restaurant and Bakery.
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
Perkins & Marie Callender’s, LLC is the franchisor. Their principal business address is 6075 Poplar Avenue, Suite 800, Memphis, Tennessee 38119.
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
$318,678 Industry Low
$3,473,249 Industry High
Franchisee Attrition
10 /10
This franchise's rate of attrition in 2023
of 0.00%
was
Lower
than the 2% 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
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Type
Investment
Fees
Employee Contact Database
#
Name
Position
Phone Number
Email Address
Franchise Disclosure Documents
FDD
Effective Date
Distribution of Perkins Restaurant & Bakery Franchisees
Perkins Restaurant & Bakery Franchise System Development in 2021
FAQ
How much investment do I need to start my own Perkins Restaurant & Bakery business?
Franchisees typically require at least
$1,530,065 to
$2,499,390 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
$90,000 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 20 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
3 /10
The Franchisor's investment costs ranges from
$1,530,065 to $2,499,390
which is
Much Lower
than the $931,012 to $1,843,346 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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