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. This is longer than other franchise opportunities. You may not get a 15% profit margin which would elongate getting a return on your investment.
Full Answer
See more
How much can 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.
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 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
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.
Who owns Bojangles?
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
Are Bojangles franchised?
Bojangles offers a FAN-tastic franchise opportunity. Our loyal Bojangles fans drive our business, and we are growing to serve them in new markets.
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.
How much does Zaxby's franchise cost?
Zaxby's Franchise Cost / Initial Investment / Zaxby's Franchise Income. Zaxby's franchise fee is $35,000 per restaurant. Franchisees are expected to have a net worth exceeding $700,000, with more than half of that in liquid assets. The initial investment ranges somewhere between $284,000 and $664,300.
Where is Bojangles headquarters?
Charlotte, NCBojangles / Headquarters
Can you get rich owning a franchise?
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.
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.
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.
How much does Zaxby's franchise cost?
Zaxby's Franchise Cost / Initial Investment / Zaxby's Franchise Income. Zaxby's franchise fee is $35,000 per restaurant. Franchisees are expected to have a net worth exceeding $700,000, with more than half of that in liquid assets. The initial investment ranges somewhere between $284,000 and $664,300.
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 started Bojangles franchise?
The franchise was founded by Richard Thomas and Jack Fulk in 1977 in Charlotte, North Carolina. The company began franchising in 1978 and has since grown to more than 700 locations in the United States. Of those 700, over 400 are run by franchisees.
Where is Bojangles headquarters?
Charlotte, NCBojangles / Headquarters
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.
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 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.
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.
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.
