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
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S. and Canada.
Direct Capital

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
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,