- 2024 Franchise 500 Rank
-
#429 Not ranked last year
- Initial investment
-
$1.5M - $3.3M
- Units as of 2023
-
272 13% over 3 years
Perkins Restaurant & Bakery is a family restaurant that welcomes its guests with top-quality, freshly prepared American food. Perkins Restaurant & Bakery has been serving great American breakfasts and more since 1958, when a simple pancake house in Ohio evolved into today's popular chain.
The breakfast menu is popular enough that the chain serves breakfasts all day. But sumptuous build-your-own breakfasts are just one part of the wide range of home-style, traditional plates offered. Always faithful to the rich tradition of American cooking, a Perkins Restaurant & Bakery offers steaks, burgers, soups, salads, and much more. In-store bakeries prepare a wide selection of fresh dessert choices to tempt the customer.
Why You May Want To Start a Perkins Restaurant & Bakery Franchise
At Perkins Restaurant & Bakery, the customer is the key to brand growth. The reason why the chain offers its menu all day is quite simply because that's what the customers want. When a customer walks through the door, they expect excellent quality and great service.
A franchisee will subscribe to the values that the company upholds and maintain the company's enviable reputation. A franchisee does not need experience in the restaurant trade. Indeed, no business experience is necessary, as there is a comprehensive training program. But franchisees need to be directly involved in setting up their new restaurant. However, once the business opens its doors, the franchisee can choose to have someone else run the day-to-day operations.
What Might Make a Perkins Restaurant & Bakery Franchise a Good Choice?
Perkins Restaurant & Bakery's philosophy can be summed up in one word: consistency. The first-time customer is expected to quickly be won over by the friendly service, the wide range of menu options, and the food quality. They may then become regulars and recommend the restaurant to their friends.
To be part of the Perkins Restaurant & Bakery team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should be prepared for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements. Perkins Restaurant & Bakery may offer discounts to franchisees who have served in the American military.
Perkins Restaurant & Bakery has also partnered with third-party financial lenders that may help cover the costs of the franchise fee, startup, equipment, inventory, accounts receivable, and payroll.
How To Open a Perkins Restaurant & Bakery Franchise
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Perkins Restaurant & Bakery franchising team questions.
As you decide if opening a Perkins Restaurant & Bakery franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Perkins Restaurant & Bakery franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
Company Overview
About Perkins American Food Co.
Industry | Food |
---|---|
Related Categories | Miscellaneous Full-Service Restaurants, Food: Full-Service Restaurants |
Founded | 1958 |
Parent Company | Ascent Hospitality Management |
Leadership | James O'Reilly, CEO |
Corporate Address |
5901-B Peachtree-Dunwoody Rd., #B450 Atlanta, GA 30328 |
Social | Facebook, Twitter, LinkedIn, Instagram |
Business Overview
Franchising Since | 1958 (66 years) |
---|---|
# of employees at HQ | 125 |
Where seeking |
This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming This company is offering new franchises in the following international regions: Canada |
# of Units | 272 (as of 2023) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Perkins American Food Co. franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$40,000 |
---|---|
Initial Investment
|
$1,534,715 - $3,290,465 |
Net Worth Requirement
|
$1,000,000 |
Cash Requirement
|
$500,000 |
Veteran Incentives
|
25% off franchise fee |
Royalty Fee
|
4% |
Ad Royalty Fee
|
3% |
Term of Agreement
|
20 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Perkins American Food Co. has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 305 hours |
---|---|
Classroom Training | 45 hours |
Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
# of employees required to run | 40-50 |
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Perkins American Food Co. landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Perkins American Food Co. ranked on other franchise lists? Find out below.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Perkins American Food Co..
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
How California's New Disclosure Law Could Affect Franchise Sales Nationwide
The bipartisan legislation introduces new registration and pre-sale disclosure requirements for third-party franchise sellers, including brokers, broker networks and franchise sales organizations.
Get Paid to Travel the World and Eat By Applying to Be This Hotel Brand's 'Chief Eats Officer'
The dream role for a food-lover and travel enthusiast allows them to visit some of the most stunning destinations in the world while sharing their adventures on social media.
Free Webinar | October 23: Taking Control of Your Life Through Franchising
Ready to be your own boss? Join our webinar on 10/23 at 2pm ET to learn how being a franchise owner can allow you to take back control of your daily schedule and stop working for someone else. Register now!
Self-Service Kiosks Are Changing Fast Food — But Not Without Unexpected Consequences
Designed to streamline ordering, self-service kiosks have inadvertently increased the workload for kitchen staff by generating larger and more customized orders, particularly during peak hours.
When I Became President of KFC, Franchisees and Corporate Hated Each Other. But I Believed This Behavioral Theory Could Bring Them Back Together.
I was handed the undesirable task of righting the ship at Kentucky Fried Chicken. But the challenge allowed me to test a leadership theory.
She Was a Regular at a Struggling Coffee Shop. Then She Bought It, and 4X the Annual Revenue to $1.8 Million.
Kristen Haseotes bought a failing location of Bad Ass Coffee of Hawaii, and then slammed the gas on growth. Here's how she became the franchise's top performer.