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 + $349-$500/mo technology fees
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
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 – $3.6M | $40K | 4.0% | 175 |
| 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 (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
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
253 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 |
253 Contacts Available
Unlock all PERKINS AND PERKINS RESTAURANT AND BAKERY franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
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
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.
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