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.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
4% royalty + 3% ad fund + $349-$500/mo technology fees
Franchise Stats
Financial Performance
Item 19 Financial Performance
Data Based On: The data is based on 168 franchised units that met specific criteria for the calendar year 2024, including being open for at least 50% of the year. 12 franchised units were excluded from this data as they did not meet the specified criteria (as noted on page 5 of the document).
* Average gross revenue for franchised units in 2024 was obtained directly from the 'Total Franchised Restaurants' row in Table 2. This was verified by calculating a weighted average of the four tiers: (17 units * $3,115,734 + 67 units * $2,204,808 + 67 units * $1,599,678 + 17 units * $996,123) / 168 total units = $1,933,346.02. Median gross revenue was also obtained directly from Table 2. Revenue for the top quartile is represented by the average Net Sales of the top 10% tier ($3,115,734) as detailed in the document's tier structure. Revenue for the bottom quartile is represented by the average Net Sales of the bottom 10% tier ($996,123). No information was available to calculate gross profit, net income, net profit, EBITDA, or estimated profit ranges.
Extracted Item 19 Section
How PERKINS AND PERKINS RESTAURANT AND BAKERY Compares to Other Fast Food Franchises
Key Insights
- Higher investment than 90% of Fast Food franchises
- Higher than average SBA loan default rate in Fast Food
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
PERKINS AND PERKINS RESTAURANT AND BAKERY Current | $1.4M - $3.6M | $40K | 4.0% | 175 |
| Burger King | $2.1M - $4.7M | $50K | 4.5% | 19,732 |
| 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 |
Fast Food Average 127 franchises | $605K - $1.5M | $35K | 6.1% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 127 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
+15 more states
SBA Loan History
Historical SBA 7(a) loan data for PERKINS AND PERKINS RESTAURANT AND BAKERY franchisees (2010 - 2025)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
Predecessor franchisor Perkins & Marie Callender’s, LLC (PMCLLC) and parent Perkins & Marie Callender’s Holding, LLC (PMCH) filed Chapter 11 on August 5, 2019.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a PERKINS AND PERKINS RESTAURANT AND BAKERY franchise?
The total initial investment to open a PERKINS AND PERKINS RESTAURANT AND BAKERY franchise ranges from $1,443,890 to $3,581,375. This includes a franchise fee of $40,000. Ongoing royalty fees are 4.0% of gross sales.
How much revenue does a PERKINS AND PERKINS RESTAURANT AND BAKERY franchise make?
According to the 2025 FDD, the average gross revenue for a PERKINS AND PERKINS RESTAURANT AND BAKERY franchise is $1,933,346. The median revenue is $1,929,925.
How many PERKINS AND PERKINS RESTAURANT AND BAKERY franchise locations are there?
As of the 2025 FDD, PERKINS AND PERKINS RESTAURANT AND BAKERY has 175 franchise locations. The company has been franchising since 2020.
Can you get an SBA loan for a PERKINS AND PERKINS RESTAURANT AND BAKERY franchise?
Yes, SBA loans are available for PERKINS AND PERKINS RESTAURANT AND BAKERY franchises. Historical data shows 15 SBA 7(a) loans have been approved for PERKINS AND PERKINS RESTAURANT AND BAKERY franchisees, with an average loan amount of $885,087. The historical default rate is 0.0%.
Is PERKINS AND PERKINS RESTAURANT AND BAKERY a good franchise to buy?
PERKINS AND PERKINS RESTAURANT AND BAKERY shows several positive indicators: established brand with 175+ locations, transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
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