How Much Money Can a Bojangles Franchisee Make? $2,000,000 isn’t spare change for most people, so what should you expect if you decide to build a Bojangles store? To start off, the average sales of a Bojangles location is $1.9M and EBITDA is 11%, so you can expect to make $209,000 on an average location.
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Are Bojangles franchises profitable?
Bojangles restaurants average $1.8 million per year, of which on average, over $650,000 is generated before 11:00 a.m. in the morning. Bojangles has had 19 consecutive quarters of same store sales growth including a 7% gain for the quarter ending in December.
How much income does a franchise owner make?
The Numbers 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.
Can a franchise make you rich?
The bottom line is that while a franchise can make you independently wealthy, it isn't a guarantee. Choosing the right business in the right industry, and going in with preexisting entrepreneurial experience and/or existing wealth can help, but your income-generating potential may still be somewhat limited.
How much money do you need to open 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
What franchise is the most profitable?
Most Profitable FranchisesAnytime Fitness. Anytime Fitness is a popular gym brand with a low-cost investment and high revenue potential. ... McDonald's. McDonald's franchise program is one of the most established in the fast food industry. ... UPS Store. ... Jersey Mike's Subs. ... Dunkin' ... Sport Clips. ... 7-Eleven. ... Papa John's.
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.
How long before franchise is profitable?
One common misconception when it comes to operating a franchise is that once you sign on the dotted line and open for business, the customers and revenue will start flowing. This is typically not the case. It normally takes a year or two to become profitable.
Do franchise owners have to work?
Owning a franchise unit can be demanding, requiring work of 60 to 70 hours a week, but owners have the satisfaction of knowing that their business's success is a result of their own hard work. Some people look for franchise opportunities that are less demanding and may only require a part-time commitment.
Is it smart to buy 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.
How much do franchise actually make?
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.
What is the cost of a Subway franchise?
How much is the franchisee fee? The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.
Who owns Bojangles franchise?
Jordan Company Durational Capital ManagementBojangles (restaurant)Bojangles in Tifton, GeorgiaProductsFast food, including fried chicken, biscuits, french friesRevenueUS$547 million (2021)OwnerJordan Company Durational Capital ManagementNumber of employees9,900 (2021)11 more rows
How much do 7-Eleven franchise owners make?
The estimated total pay for a Franchise Owner at 7-Eleven is $140,208 per year.
What percentage do franchise owners make?
Franchise royalties range from 4% of your revenue all the way up to 12% or more. The amount has to do with the type of franchise business. For example, a food franchise is a high-volume business. A lot of individual items are purchased by a high-volume of customers.
How much do Burger King franchise owners make?
These numbers indicate that potential earnings can vary significantly and it depends on how well the business is run, the location, and other factors. We can estimate that based on net revenue of $1,351,000 and a profit margin of 13%, the average Burger King franchise compensation is $175,630 per year.
Are franchises 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.
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.
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.
Quick Serve & Great Food
Why fry up your own chicken and southern-style biscuits when you can get better and authentic tasting food from Bojangles? Since 1977 when it all began, until now, this establishment has been growing rapidly and is well respected and loved.
Requirements & Details
Ready to get into the whole reason as to why you’re here? The franchise opportunity for none other than Bojangles. The famous place for chicken. Since the beginning of the franchise opportunity in 1998, this business has seen a decent amount of growth. In 2012, there were 325 outlets ran by franchisors.
Wrapping it up
When you make the decision to own a franchise business, you are making a decision that will change your life professionally and personally. As long as you choose the right opportunity of course. Choose the wrong one, and you could be potentially scarred for life! Just kind of kidding.
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.
How Much Is A Bojangles Franchise?
Most franchisees pay a minimum of $1.5 million and the costs can be as high as $2.5 million. The million-dollar cost of opening a Bojangles franchise is in line with other fast food restaurants as part of a $650 billion U.S. industry that continues to grow.
How much does it cost to franchise a Bojangles restaurant?
Bojangles charges an initial franchise fee of $25,000 for a traditional restaurant but requires interested applicants to prove a $1 million net worth or higher, plus at least $500,000 in net liquid assets. The average cost range of $1.5 million — $2.5 million gives you a good idea of how much you will need, but don’t forget the final cost will depend on several factors, including real estate acquisition, building upgrades, staffing expenses, and location licensing requirements.
What do you need to open a Bojangles franchise?
To bring everything together in your new Bojangles franchise, you need the right equipment and signage. From the foodservice equipment to the signature red Bojangles sign, all the equipment needs to be sourced and installed before you can open the doors. Seating furniture and lighting fixtures can also add up, but these are necessary costs that help put the finishing touches on an exciting new franchise location in a growing company.
How long does it take to build a Bojangles restaurant?
A large commercial kitchen and order counter have design requirements laid out by Bojangles, and it usually takes a few months or even up to a year to get everything done.
Where are the Bojangles franchises located?
The family-friendly restaurant is known for its famous cajun fried chicken and buttermilk biscuits, with hundreds of franchise locations in 14 southeastern states. Out of over 750 locations, the most are in North Carolina, but Bojangles also has a growing presence in Alabama, Arkansas, Florida, Georgia, Illinois, Kentucky, Maryland, Mississippi, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia. Let’s check out the key steps of opening your own Bojangles franchise and how much you can expect to pay to pursue this fast food business opportunity.
Do you need insurance to open a Bojangles franchise?
Opening a Bojangles franchise also requires company insurance to protect against significant losses. You won’t be able to move ahead with construction projects or actually open the doors until the insurance is in place. As a company, Bojangles is committed to the long-term success of its franchises and doesn’t want to see businesses close their doors. That’s why there are premiums on the insurance and overall costs of setting up your own Bojangles.
Is Bojangles a good franchise?
Bojangles prides itself on great food and great customer service. There’s a lot to learn when starting your own franchise, from the operating procedures and recipes to promotional materials and Bojangles policies. You need to budget for staff salaries as you prepare for opening day, as well as any related travel and living costs. It’s worthwhile to invest in good people who will carry the Bojangles brand forward in your new location.
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.
How much does Bojangles make a year?
Bojangles restaurants average $1.8 million per year, of which on average, over $650,000 is generated before 11:00 a.m. in the morning. Bojangles has had 19 consecutive quarters of same store sales growth including a 7% gain for the quarter ending in December.
Who leases the land and building on 253 of the 254 company-operated restaurants?
Bojangles le ases the land and building on 253 of the 254 company-operated restaurants.