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We extract fees, Item 19 financials, franchisee contacts, SBA default rates, litigation, and outlet data from every FDD — so you can compare brands in minutes, not months. Used by multi-unit operators, consultants, and franchise development teams.

BONJANGLES EXPRESS

BONJANGLES EXPRESS

Bojangles Express is a quick-service restaurant franchise offering chicken and biscuits in smaller-format locations integrated into convenience stores, shopping malls, food courts, college campuses, airports, stadiums, and other non-traditional high-traffic venues. Franchisees operate using the Bojangles System, featuring proprietary recipes for items like biscuits, chicken tenders or bone-in chicken (market-dependent), seasoned fries, dirty rice, Cajun pintos, iced tea, and desserts, with a limited menu tailored to space constraints. The business model involves franchising these express units to target commuters, shoppers, students, travelers, and event-goers seeking fast breakfast, lunch, and dinner options.

564locations
Since 1990
Food & BeverageCharlotte, NCWalker Parent, Inc.www.bojangles.comDisclaimer

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Franchise Costs

Franchise Fee
$35,000
Initial Investment
N/A
Royalty Rate
4.00%
Brand Fund
1.00%
Fixed Monthly Fees
$153 – $153

4% royalty + 1% Marketing Development Fund + $153/mo advertising technology vendors

Financial Performance


Item 19 Financial Performance

Average Gross Revenue
$2,408,892.72
Median Gross Revenue
$2,127,954.29

Data Based On: Data for 519 franchised Full-Size Restaurants with Bone-In Chicken Menu, Full-Size Restaurants with Boneless Chicken Only Menu, and Express Restaurants operated continuously for Fiscal Year 2024 or TTM period.

* Financial performance representations are made in Item 19. Data for franchised units was collected from three categories: 1. Full-Size Restaurants with Bone-In Chicken Menu (Fiscal Year 2024, from Table C, page 5): - 470 units, average gross sales: $2,441,735 - Median gross sales: $2,157,821 2. Express Restaurants (Fiscal Year 2024, from Table J, page 10): - 44 units, average gross sales: $2,089,800 - Median gross sales: $1,814,691 3. Full-Size Restaurants with Boneless Chicken Only Menu (TTM Period, from Table F, page 7): - 5 individual franchised units with sales: $2,378,661, $2,814,098, $2,077,200, $1,827,317, $1,551,396. - Calculated average gross sales for these 5 units: ($2,378,661 + $2,814,098 + $2,077,200 + $1,827,317 + $1,551,396) / 5 = $2,129,734.4. - Calculated median gross sales for these 5 units (sorted: $1,551,396, $1,827,317, $2,077,200, $2,378,661, $2,814,098): $2,077,200. Total franchised units: 470 + 44 + 5 = 519. Weighted average gross revenue calculated as: (470 * $2,441,735 + 44 * $2,089,800 + 5 * $2,129,734.4) / 519 = $2,408,892.72. Weighted median gross revenue calculated as: (470 * $2,157,821 + 44 * $1,814,691 + 5 * $2,077,200) / 519 = $2,127,954.29. Revenue top/bottom quartile are null as the document provides ranges of gross sales and not averages of specific quartile segments. Profit and expense metrics (gross profit, net income, net profit, EBITDA, best guess profit low/high) are null because all expense percentages provided in Tables D and F are explicitly stated or implied for 'company-operated Restaurants' and not for franchised units. The prompt states to ignore company-owned unit data unless no franchise data exists, and no specific franchise expense data was found to calculate profit metrics.

Extracted Item 19 Section

Avg. Revenue: $2,408,893

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BONJANGLES EXPRESS Franchise Analysis

Bojangles Express carves a niche with compact units tucked into airports, malls, and campuses, leveraging the Bojangles brand's Southern fried chicken fame for grab-and-go appeal. Item 19 earnings data shines a light on performance in these high-traffic outposts, while SBA financing trends and modest expansion signal system momentum. But franchisee pushback on audits and operations begs the question: can this express model accelerate your returns, or is friction slowing the ride?

Franchising since 1990 under parent Walker Parent, Inc., Bojangles' franchise network expanded from 532 to 564 locations last year—a 6% gain reflecting resilience in fast food. With 266 corporate units bolstering the system and 48 projected new openings, growth looks deliberate rather than explosive. Transfers at 9 suggest some owner turnover, but 27 SBA loans averaging $1,483,081 and a 7.4% default rate (below industry averages) indicate lenders view it favorably, pointing to a healthy pipeline for funded entrants.

Financials tempt with a $35,000 franchise fee—low barrier for QSR—plus 4% royalty, 1% marketing fund, and $153/month tech fees. Item 19 discloses blockbuster avg gross revenue of $2,408,893 (median $2,127,954), elite for express formats in non-trad sites, implying strong AUVs from limited menus of biscuits, tenders, fries, and tea. Red flags emerge in litigation: ongoing clashes with the Bojangles’ Franchisee Association over marketing fund audits, supplier accounts, and confidentiality, plus a settled suit alleging FDD misrepresentations. High revenues offset risks for experienced operators chasing volume, but governance tensions could erode margins—scrutinize FDD Items 7, 19, and 20 closely.

Analysis based on the 2025 Franchise Disclosure Document. All figures should be independently verified before making investment decisions.

How BONJANGLES EXPRESS Compares

FranchiseInvestmentFeeRoyaltyLocations
BONJANGLES EXPRESS
Current
N/A$35K4.0%564
MCDONALD'S$1.5M – $2.6M$45KN/A12,772
LITTLE CAESARS$377K – $1.8M$20K6.0%3,788
AFC$45K – $151K$6K9.5%3,572
KFC (NON-TRADITIONAL)$1.2M – $4.2M$45KN/A3,404
SONIC DRIVE-IN$1.5M – $2.5M$15K5.0%3,120
Fast Food Average
132 franchises
$602K – $1.6M$35K6.1%

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 132 Fast Food franchises by location count.

Locations & Growth


Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2024)

Outlets by state across the United States

Top States
1NC
180
2GA
108
3SC
100
4VA
71
5TN
45
6AL
33
7MS
4
8LA
4
9AR
3
10OH
3
11IL
3
12FL
3
13TX
2
14PA
2
15WV
1

+2 more states

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SBA Loan History


Historical SBA 7(a) loan data for BONJANGLES EXPRESS franchisees (20112025)

Total Loans
27
Average Loan
$1,483,081
Total Volume
$40.0M
Default Rate
7.4%

Loans by Year

SBA 7(a) loan activity over time

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

27 SBA loans on record

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Franchisee Contacts

554 franchisee contacts on file from official FDD filings.

554 Contacts Available

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Due Diligence


Litigation (Item 3)

Franchisee Cases3

Disputes with Bojangles’ of America Franchisee Association (representing franchisees) over audit rights for marketing fund and supplier accrual account, unfair trade practices, and confidentiality violations; one settled franchisee lawsuit alleging FDD misrepresentations, fraudulent concealment, and breach of duties.

Bankruptcy (Item 4)

Bankruptcy HistoryNo
No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
0
Non-Renewals
0
Reacquired
1
Ceased Ops
2
Transfers
9
Sold to Franchisees
19
Projected New
48

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Frequently Asked Questions

BONJANGLES EXPRESS does disclose financial performance data (Item 19) in their 2025 FDD, including average and median gross revenue figures. Get full access to see the exact revenue numbers and detailed financial breakdown.