How much does a Bojangles' franchise cost?
- Initial Franchise Fee: $35,000
- Total Investment: $1,913,600 to $2,828,500
- Working Capital: $15,000 to $150,000
- Royalty Fee: 5.0%
Full Answer
How much does a Bojangles'franchise cost?
Bojangles' offers a quick serve chicken and biscuit restaurant. How much does a Bojangles' franchise cost? Bojangles' has a franchise fee of up to $35,000, with a total initial investment range of $1,913,600 to $2,828,500.
What kind of food is Bojangles?
Bojangles' is graded based on our most recent research. Bojangles' offers a quick serve chicken and biscuit restaurant. How much does a Bojangles' franchise cost?
How many Bojangles locations are there in the US?
With approximately 760+ locations in 14 states today, there are tremendous opportunities to offer Bojangles distinctive Southern flavors in new markets throughout the southeast, Midwest, and Atlantic coast regions.
How do I make an offer to buy a franchise?
The offer of a franchise can only be made through the delivery of a Franchise Disclosure Document (FDD). Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.
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How much does it cost to start up a Bojangles franchise?
Bojangles Franchise Costs & FeesName of FeeLowHighInitial Franchise Fee$20,000$20,000Insurance$5,000$10,000Pre-opening Salaries, Travel, Living Expenses during Initial Training$98,000$149,000Pre-opening Rent$0$16,0006 more rows
Do franchise owners make money?
Franchise Business Review found that the average annual pre-tax income of franchise owners in America is $80,000. Only 7% of franchise owners make more than $250,000 annually, and 51% earn less than $50,000. Legally, franchisors cannot give income amounts or forecasts of future income.
Who owns the most Bojangles franchises?
Today, BOJ of WNC is the nation's largest franchisee of Bojangles restaurants with nearly 100 locations. BOJ of WNC is a family-owned business. When you join our team, you're becoming part of a family that genuinely cares about your future.
Which franchise owners make the most?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
Is owning a franchise a full time job?
Buying a franchise doesn't have to mean making a full-time commitment. Believe it or not, there are many franchises that can be run on a part-time basis, especially when you first start out.
What is the most profitable franchise to own in 2022?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How do you become a Bojangles owner?
Bojangles, the chicken and biscuit franchise with 750 units mainly across the Southeast, requires franchisees to invest between $1.5 million and $2.5 million to open a store of their own. The brand requires franchisees to have a net worth of over one million dollars and hold $500,000 or more in liquid assets.
How many Bojangles does Jeff Rigsby own?
Rigsby, who operates 92 locations, also acquired 16 company-owned locations, making him the largest franchisee in the chain's system.
Who owns Popeyes Chicken?
Restaurant Brands InternationalPopeyes / Parent organizationThis is currently a subsidiary of Toronto-based Restaurant Brands International. As of 2021, Popeyes has 3,705 restaurants, which are located in more than 46 states and the District of Columbia, Puerto Rico, and 30 countries worldwide. About 50 locations are company-owned; the vast remainder are franchised.
What food franchise makes the most money?
Here are our picks for the top three full-service restaurant franchises....The Most Profitable Food Franchise Opportunities in 2022 (Full-Service Restaurants)East Coast Wings + Grill. Type: Full-service wing restaurant. ... Another Broken Egg Cafe. ... Taziki's Mediterranean Cafe.
Is buying a franchise a good investment?
If you're a fledgling entrepreneur or a seasoned business person wanting to diversify your holdings, you've probably wondered, “Are franchises a good investment?” The simple answer is yes, especially if a great opportunity presents itself. There is an obvious appeal to starting a business via buying a franchise.
Are franchises worth it?
Franchises have a higher rate of success than start-up businesses. You may find it easier to secure finance for a franchise. It may cost less to buy a franchise than start your own business of the same type.
How much does a franchise owner make a year?
According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.
Is it worth it to own a franchise?
If you're a fledgling entrepreneur or a seasoned business person wanting to diversify your holdings, you've probably wondered, “Are franchises a good investment?” The simple answer is yes, especially if a great opportunity presents itself. There is an obvious appeal to starting a business via buying a franchise.
Is franchising a good investment?
If you are truly an entrepreneur, you should never invest in a franchise. While franchisees own their own businesses, are not employees of the franchisor, are at risk for their capital invested in the business, and manage and operate the business on a day-day-basis, franchisees are not really entrepreneurs.
What is the failure rate of a franchise?
Pretty much every year the survey has been conducted has shown between 8-12% of franchise businesses left their franchise each year. This is for a variety of reasons, including retirement, selling, ill-health and financial failure.
Bojangles Franchise Costs: Estimated Initial Investment (Item 7, 2021 FDD)
The franchise fee for each Restaurant developed under a Development Agreement or for each Restaurant developed under an Individual Franchise Agreement is $35,000.
For Traditional Bojangles Restaurants
The franchise fee for each Restaurant developed under a Development Agreement or for each Restaurant developed under an Individual Franchise Agreement is $35,000.
How many Bojangles locations are there in the US?
With approximately 760+ locations in 14 states today, there are tremendous opportunities to offer Bojangles distinctive Southern flavors in new markets throughout the southeast, Midwest, and Atlantic coast regions.
Can I sell my franchise in California?
This website and the franchise sales information on this site do not constitute an offer to sell a franchise. The offer of a franchise can only be made through the delivery of a Franchise Disclosure Document (FDD). Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of one of these states, we will not offer you a franchise unless and until we have registered the franchise (or obtained an applicable exemption from registration) and complied with the pre-sale disclosure requirements that apply in your jurisdiction.
What is a bojangles?
Bojangles' offers a quick serve chicken and biscuit restaurant.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 432 franchised Bojangles' locations in the USA.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
How much does it cost to build a Bojangles franchise?
So you are excited about Chicken and biscuits and want a piece of the Bojangles action? What is it going to cost you to build a franchise store? We reviewed the Bojangles Franchise disclosure document (FDD), and the estimated initial investment ranges between $1,637,434 to $2,359,000 for a traditional freestanding unit.
When did Jack Fulk start Bojangles?
The story goes that Jack Fulk heard the song on the radio one day when he was trying to name his new concept, and he said, “That’s it!” In 1977, their dream became a reality in the form of the first Bojangles restaurant in Charlotte, NC. A year later, Bojangles went on to open its first franchised location.
Who made the song Bojangles?
The inspiration for the name “Bojangles” comes from the popular song, Mr. Bojangles, originally recorded in 1968 by Jerry Jeff Walker and made famous by performers, such as Sammy Davis, Jr., and The Nitty Gritty Dirt Band.
What is a Bojangles franchise?
Franchise Description: Bojangles’ International, LLC is the franchisor. Bojangles restaurants offer a standard limited menu of quality food products, emphasizing a special selection of menu items such as buttermilk biscuits with chicken filet, steak, sausage, country ham, bacon, egg, cheese, jelly, or melted butter and the “Cheddar Bo” biscuit.
How long is a franchise agreement?
Term of Agreement and Renewal: The length of the initial franchise term is the earlier of 20 years from date of Franchise Agreement or upon expiration or termination of the initial term of lease (if any) of the restaurant location. Two additional consecutive terms of 10 years each are available, subject to contractual requirements.
How many shareholders are required to be a franchisee?
Obligations and Restrictions: Franchisees must be a corporation or a limited liability company composed solely of no more than six shareholders/members who are natural persons and not corporations, limited liability companies, or any other legal entities in order to be a developer or franchisee.
Can a franchisee have a protected territory?
Territory Granted: For a Franchise Agreement, franchisees will receive the right to establish one restaurant in a specific location and they will not receive any protected territory around that location. Franchisees may only solicit sales and orders, fulfill orders, and prepare and sell food from their restaurant location (s); and they may deliver food only to customers at their restaurant location (s); however, they are not restricted from advertising outside their location if all sales are made from their restaurant location (s).
Does franchising offer financing?
Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor does not guarantee a franchisee’s note, lease or obligation.
Does Franchise Direct sell your information?
Franchise Direct's reputation for integrity in the franchise industry has been established over our 20+ years in business. We NEVER sell your information or share it with anyone other than the companies from which you have requested information. Please view our privacy policy.
Does a franchisor guarantee a franchisee's note?
Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor does not guarantee a franchisee’s note, lease or obligation. Investment Tables: Estimated Initial Investment for a Traditional Restaurant. Name of Fee. Low. High. Initial Franchise Fee. $25,000.
The beloved chicken and biscuits franchise has steep fees, but also compelling incentives for qualified franchisees
The beloved chicken and biscuits franchise has steep fees, but also compelling incentives for qualified franchisees.
By Alex Lockie
Bojangles, the chicken and biscuit franchise with 750 units mainly across the Southeast, requires franchisees to invest between $1.5 million and $2.5 million to open a store of their own. The brand requires franchisees to have a net worth of over one million dollars and hold $500,000 or more in liquid assets.
Section I – Background Information
1. In mid-May 2021, Bojangles announced that it has named Katie Radtke as vice president of supply chain. An accomplished supply chain leader with global credentials, Radtke will oversee food and packaging, distribution, logistics, and quality assurance in her new role.
Section II – Estimated Costs
Detailed estimates of Bojangles franchise costs, based on Item 7 of the company’s 2021 FDD.
Section III – Initial Franchise Fee, Royalty Fee, Marketing Fee, and Other Fees
Detailed information on Bojangles’ initial franchise fee, royalty fee, marketing fee, and other fees, based on Items 5 and 6 of the company’s 2021 FDD.
Section V – Financial Performance Representations (Item 19, 2021 FDD) and Analysis
The following tables reflect information about the past financial performance of franchised and company-operated Full-Size and Express Restaurants that were operated continuously for the period from December 30, 2019 to December 27, 2020 (the “Fiscal Year 2020”).
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Bojangles franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Franchise 500 Ranking History
Compare where Bojangles landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Bojangles ranked on other franchise lists? Find out below.
