Country Waffles franchise
2024 filing · April 22, 2024Growing
Country Waffles at a glance
A restaurant serving all-day breakfast and lunch: waffles, pancakes, omelets and other egg dishes. At the end of 2023 there were 16 Country Waffles locations in the US, all franchised.
The business
- Franchisor
- Country Waffles, Inc
- The company that sells the franchises
- Franchising since
- 1992
- 32 years of selling franchises
- Franchisor based in
- Bakersfield, California
- Typical size
- 2,500–3,500 sq ft
What you pay
- Cost to open
- $312K–$809K
- Fee, build-out and opening working capital
- Franchise fee
- $35,000
- Paid once, when you sign
- Royalty
- 5%
- 5% of adjusted gross sales, paid monthly, plus 2% for marketing
- Brand fund
- 2%
- 2% of gross sales, paid with the royalty
- Renewal fee
- $10,000
- When the agreement ends and you sign again
- Agreement length
- 15 years
- Franchisor financing
- None offered
Where it is
- US locations, 2023
- 16
- Franchised and company-owned
- Franchised
- 16
- Company-owned
- 0
- Change in 3 years
- +1
- Franchised locations, 2021–2023
- States
- 1
- Most in California
Support and records
From Country Waffles, Inc’s 2024 filing; revenue and net income from its audited financial statements, page 157; SBA status from the SBA Franchise Directory, October 28, 2026.
Franchisor revenue is the company that sells the franchises (royalties, fees and anything else it earns), not what a location makes.
Where it ranks
Country Waffles among all franchises with the same figure.
| Figure | Country Waffles | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $560,200 | Costs more than 68% of franchises |
| Franchise feePaid once, when you sign | $35,000 | Lower than 61% of franchises |
| RoyaltyShare of sales paid to the franchisor | 5% | Lower than 69% of brands with a set rate |
| US locationsFranchised and company-owned | 16 | Fewer than 54% of franchises |
How much a Country Waffles franchise costs
Opening one Country Waffles costs an estimated $311,800 to $808,600. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are furniture, fixtures, & eqpt ($70,000 to $290,000) and construction costs ($84,000 to $228,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $35,000 | ||
| Lease | $16,800 | $45,600 | |
| Utility Deposit | $2,000 | $6,000 | |
| Architect Fees | $10,000 | $15,000 | |
| Construction Costs | $84,000 | $228,000 | |
| Expenses for Initial Training | $3,000 | $5,000 | |
| Business Licenses and Permits | $3,000 | $5,000 | |
| Business Insurance | $1,000 | $3,000 | |
| Initial Inventory | $25,000 | $35,000 | |
| Computer Hardware & Software | $2,000 | $10,000 | |
| Furniture, Fixtures, & Eqpt | $70,000 | $290,000 | |
| Signage | $3,000 | $10,000 | |
| Grand Opening Marketing Program | $25,000 | ||
| Professional Fees | $2,000 | $6,000 | |
| Additional Funds (3 months) | $30,000 | $90,000 | |
| Total | $311,800 | $808,600 | |
Source: Country Waffles, Inc, 2024 filing, page 13
Country Waffles franchise fee
The franchise fee is $35,000. You pay it when you sign the franchise agreement.
Source: Country Waffles, Inc, 2024 filing, page 8
Royalty and ongoing fees
| Royalty | 5% of adjusted gross sales, paid monthly, plus 2% for marketing. |
|---|---|
| Brand or marketing fund | 2% of gross sales, paid with the royalty. |
| Renewal Fee | $10,000 |
| Additional Training | $1,000 per person |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Country Waffles, Inc, 2024 filing, page 9
Other fees as filed, from pages 10–11. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures Country Waffles does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: Country Waffles, Inc, 2024 filing, page 45
- Estimate Estimated yearly sales per location
- $710K–$1.3M
Estimated from the sales that 292 comparable franchises file, matched on industry, format, cost to open, fees and size.
SBA loans to Country Waffles franchisees
Lenders approved one SBA 7(a) loan for a Country Waffles franchisee in 2024, for $320K. It hasn’t been paid off or charged off yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
Growth and closures
Share of franchised locations, 2023 / 2021–2023. Typical means the median: half of brands are above it, half below.
| Measure | Country Waffles | Typical breakfast brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | 0% / +6.7% | +5.4% / +7.9% | +1.2% / +10% |
| ClosuresTerminated, not renewed or stopped operating | 0% / 0% | 0% / 7.1% | 3.9% / 16% |
| Bought backLocations the franchisor took back | 0% / 0% | 0% / 0% | 0% / 0% |
Typical breakfast brand is the median of the 20 brands in breakfast franchises with three years of counts.
How Country Waffles compares
Of the 58 breakfast franchises on this site, Country Waffles is the 12th cheapest to open and the 28th largest by number of locations.
| Figure | Country Waffles | Typical breakfast brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $312K | $640K | $222K |
| Cost to open, high end | $809K | $1.2M | $477K |
| Franchise fee | $35K | $40K | $40K |
| Royalty | 5% | 5% | 6% |
| Brand fund | 2% | 1.4% | 2% |
| US locations | 16 | 13 | 21 |
| Shares earnings figures | No | 46 of 58 | 2,147 of 3,352 |
Typical is the median across the 58 brands in breakfast franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2021 | 15 (0) | 0 | 0 | 0 |
| 2022 | 16 (+1) | 0 | +1 | 0 |
| 2023 | 16 (0) | 0 | 0 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: Country Waffles, Inc, 2024 filing, page 46
Where Country Waffles locations are
At the end of 2023, Country Waffles had franchised locations in 1 state. The most are in California.
- California16
| State | Franchised |
|---|---|
| California | 16 |
Source: Country Waffles, Inc, 2024 filing, page 47
Who owns Country Waffles?
Country Waffles franchises are sold by Country Waffles, Inc. Its filing names no parent company.
From Country Waffles, Inc’s 2024 filing, page 6.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Country Waffles, Inc, 2024 filing, litigation on page 8, bankruptcy on page 8
Country Waffles filings
The figures on this page come from Country Waffles, Inc’s 2024 filing, issued April 22, 2024, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | April 22, 2024 | NASAA depository | Costs, fees and locations, 2021–2023 |
Each link opens the filing as a PDF. See the newest filings across all brands.
Other breakfast franchises
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Country Waffles is also on these lists: restaurant franchises, food franchises.