PERKINS AND PERKINS RESTAURANT AND BAKERY
Perkins LLC offers franchises for operating full-service, family-style Perkins Restaurant and Bakery locations that serve moderately priced breakfast, lunch, and dinner entrees, along with bakery items, available all day for dine-in, carryout, catering, and delivery. The business model includes new development units, resale units, non-traditional venues like airports and convenience stores, and market development agreements for multi-unit growth, supported by a system of recipes, training, and marketing. It targets families and casual diners seeking affordable, all-day dining options.
Franchise Costs
4% royalty + 3% ad fund + $190-$215/mo in fixed technology, software, music, and related fees
Financial Performance
Item 19 Financial Performance
Data Based On: 187 franchised units for Calendar Year 2023, as presented in Table 2.
* Weighted average gross revenue calculated from individual tiers: (18 units × $3,081,306 + 76 units × $2,249,739 + 76 units × $1,558,542 + 17 units × $944,278) / 187 total units = $1,930,190.32. This value is consistent with the overall average of $1,930,190 provided in Table 2 for Total Franchised Restaurants. Revenue top quartile is the average from the top sales tier. Revenue bottom quartile is the average from the bottom sales tier. No information available to calculate net income, net profit, EBITDA, or profit ranges.
Extracted Item 19 Section
How PERKINS AND PERKINS RESTAURANT AND BAKERY Compares
Key Insights
- Higher investment than 90% of Fast Food franchises
- Higher than average SBA loan default rate in Fast Food
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
PERKINS AND PERKINS RESTAURANT AND BAKERY Current | $1.4M – $3.5M | $40K | 4.0% | 7 |
| MCDONALD'S | $1.5M – $2.6M | $45K | N/A | 12,772 |
| AFC | $45K – $151K | $6K | 9.5% | 3,572 |
| SONIC DRIVE-IN | $1.7M – $3.1M | $15K | 5.0% | 3,441 |
| JIMMY JOHN'S | $366K – $728K | $35K | 6.0% | 2,647 |
| ARBY'S | $645K – $2.5M | $38K | 4.0% | 2,316 |
Fast Food Average 126 franchises | $594K – $1.5M | $35K | 6.1% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 126 Fast Food franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2023)
Outlets by state across the United States
+17 more states
SBA Loan History
Historical SBA 7(a) loan data for PERKINS AND PERKINS RESTAURANT AND BAKERY franchisees (2010 – 2025)
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.
Franchisee Contacts
216 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
216 Contacts Available
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Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
Predecessor franchisor Perkins & Marie Callender’s, LLC and parent Perkins & Marie Callender’s Holding, LLC and affiliates filed Chapter 11 in August 2019.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a PERKINS AND PERKINS RESTAURANT AND BAKERY franchise ranges from $1,387,715 to $3,454,465. This includes a franchise fee of $40,000. Ongoing royalty fees are 4.0% of gross sales.
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