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.
How many Bojangles locations are there in the US?
Based on 2020 FDD data, Bojangles' has franchise locations in 11 states plus DC. The largest region is the South with 433 franchise locations. This franchise is expanding into new markets and might be available near you. One of our franchise experts will have detailed knowledge about this brand.
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?
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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
How much do you make owning a Bojangles?
2021 Bojangles Median Franchise Sales: $1,972,608 Based on the median sales provided by Bojangles's franchise locations, at an average of a 15% profit margin it will take around 11 years to recoup your investment.
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.
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.
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 is Bojangles doing financially?
Bojangles' reported total Q2 revenues of $140.5 million, up 2.7 percent from $136.8 million in the prior-year period. Same-store sales declined 0.2 percent systemwide, with company-run comps dropping 0.8 percent and franchised units 0.1 percent.
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.
Is Bojangles privately owned?
On January 28, 2019, Bojangles was acquired by the Jordan Company and Durational Capital Management (making it a privately held company) with Bojangles shareholders receiving $16.10 a share after their approval on January 14, 2019.
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.
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 often do franchises fail?
A five-year study by the franchise consulting firm FranNet reported that 92 percent of their franchise placements were still in business after two years and 85 percent after five years. Because yes, sometimes franchise businesses can rise and fall like independently owned companies.
How much does the CEO of Bojangles make?
Rutledge, Bojangles' chief executive, came in at No. 25 on this year's list, and was the only CEO on the list not to top the $1 million mark. He brought in $965,874. STAFF WRITERS KATHERINE PERALTA AND DEON ROBERTS CONTRIBUTED.
What does Bojangles pay in NC?
Average Bojangles' Restaurants, Inc Team Member hourly pay in North Carolina is approximately $9.75, which is 19% below the national average. Salary information comes from 258 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.
How much does Bojangles pay in SC?
How much does a Crew Member make at Bojangles' Restaurants, Inc in South Carolina? Average Bojangles' Restaurants, Inc Crew Member hourly pay in South Carolina is approximately $8.28, which is 34% below the national average.
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.
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 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 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.
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.