Perkins Restaurant & Bakery
At a Glance
Products & Services: Family-style restaurant
Number of Locations: 477
Total Investment: $1.99M - 3.6M
Founded: 1958
Began Franchising: 1958
About Perkins Restaurant & Bakery
Starting its life as a pancake house in Cincinnati, Ohio, Perkins Restaurant & Bakery was founded by Ivan and Matt Perkins in 1958. Today, the chain of full-service restaurants, which was once owned by the Holiday Inn Corporation, has more than 500 locations throughout the United States and Canada serving a variety of breakfast, lunch and dinner favorites, including pancakes.Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2010 | 297 | 17 | 0 | 163 |
| 2009 | 300 | 17 | 0 | 163 |
| 2008 | 301 | 17 | 0 | 164 |
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S. and Canada.
Startup Costs, Ongoing Fees and Financing
Total Investment: $1,990,000 - $3,600,000
Franchise Fee: $40,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 20 years, renewable
Franchise Fee: $40,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 20 years, renewable
Financial Requirements
Net Worth: $1,500,000
Liquid Cash Available: $500,000
Operations
40% of all franchisees own more than one unit. Absentee ownership of franchise is NOT allowed..How This Franchise Supports Franchisees
Training: Available at headquarters: 12 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Franchise Ranking History
Franchise 500®: #500 (2009),
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