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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.

591locations
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 + 3% local marketing expenditure + $153/mo technology fee

Financial Performance


Item 19 Financial Performance

Average Gross Revenue
$2,457,841
Median Gross Revenue
$2,125,407
Average Gross Profit
$1,750,076.63

Data Based On: Data is based on 487 franchised Full-Size Restaurants with the Bone-In Chicken Menu for Fiscal Year 2025, operated continuously from December 30, 2024 to December 28, 2025.

* Average Gross Revenue ($2,457,841) and Median Gross Revenue ($2,125,407) are extracted directly from Table C, Franchised section, for Full-Size Restaurants with the Bone-In Chicken Menu for Fiscal Year 2025. There were no explicit revenue quartile data provided. Average Gross Profit is calculated using the Average Gross Revenue ($2,457,841) from Table C and the Company-Operated Food and Supplies expense percentage (28.8%) from Table D, as no franchised-specific expense data was available. Thus, Average Gross Profit = $2,457,841 * (1 - 0.288) = $1,750,076.63. Best guess profit range (approximating net profit/operating profit) is estimated using the Average Gross Revenue ($2,457,841) from Table C and Company-Operated Food and Supplies (28.8%) and Restaurant Labor (27.8%) expenses from Table D. These prime costs sum to 56.6%. As other operating expenses (e.g., rent, utilities, general & administrative) are not provided for franchised units, an additional 15-25% of revenue was assumed for these, leading to an estimated total operating expense range of 71.6% (56.6% + 15%) to 81.6% (56.6% + 25%). Profit low estimate: $2,457,841 * (1 - 0.816) = $452,242.74. Profit high estimate: $2,457,841 * (1 - 0.716) = $698,034.44.

Extracted Item 19 Section

Avg. Revenue: $2,457,841

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How BONJANGLES EXPRESS Compares

FranchiseInvestmentFeeRoyaltyLocations
BONJANGLES EXPRESS
Current
N/A$35K4.0%591
MCDONALD'S$1.5M – $2.6M$45KN/A12,772
LITTLE CAESARS$377K – $1.8M$20K6.0%3,788
AFC$45K – $151K$6K8.0%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
133 franchises
$597K – $1.6M$35K6.1%

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 133 Fast Food franchises by location count.

Locations & Growth


Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2025)

Outlets by state across the United States

Top States
1NC
181
2GA
110
3SC
103
4VA
70
5TN
45
6AL
36
7TX
11
8LA
5
9NV
5
10OH
5
11MS
5
12AR
3
13IL
3
14PA
2
15FL
2

+5 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

586 franchisee contacts on file from official FDD filings.

586 Contacts Available

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Due Diligence


Litigation (Item 3)

Franchisee Cases3

One putative class action lawsuit related to a data security incident, one lawsuit by a franchisee and related entities alleging misrepresentations and breach of fiduciary duties, and two lawsuits filed by Bojangles' against a franchisee association and its accounting firm concerning alleged breaches of confidentiality agreements and unfair trade practices.

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
3
Transfers
128
Sold to Franchisees
1
Projected New
55

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Frequently Asked Questions

BONJANGLES EXPRESS does disclose financial performance data (Item 19) in their 2026 FDD, including average and median gross revenue figures. Get full access to see the exact revenue numbers and detailed financial breakdown.