Perkins Restaurant & Bakery

Founded: 1958 Franchising since: 1958
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.

6075 Poplar Ave., #800 Memphis, Tennessee 38119

Phone: (901)766-6400

Franchisor has 136 employee(s); 6 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	300	17	0	163
2008	301	17	0	164
2007	308	17	0	155
2006	306	16	0	155
2005	319	16	0	152

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Pennsylvania, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Canada

Total investment: $1.99M-3.6M Franchise fee: $20K

Ongoing royalty fee: 4% Term of agreement: 20 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	No
Startup Costs	No	No
Equipment	No	No
Inventory	No	No
Accounts Receivable	No	No
Payroll	No	No

Qualifications
Net worth requirement: $1.5M
Cash liquidity requirement: $500K
Business Experience:

• Industry experience
• General business experience

Operations

• 40% of all franchisees own more than one unit
• Absentee ownership of franchise is NOT allowed.

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 500® rank:
#500 (2009);