Perkins Restaurant & Bakery
Family-style restaurantBackground
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.
Franchisor has 136 employee(s); 6 employee(s) in franchise department.
Franchise Growth
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
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
Costs and Fees
|
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 and Support
Training
Ongoing Support
Marketing Support
- 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