Perkins Restaurant & Bakery franchise
2025 filing · September 30, 2025Fewer locationsShares sales figures
Perkins Restaurant & Bakery at a glance
A family restaurant and bakery serving breakfast all day, pies and muffins. At the end of 2024 there were 257 Perkins Restaurant & Bakery locations in the US, 175 franchised and 82 company-owned.
The business
- Franchisor
- PERKINS LLC
- The company that sells the franchises
- First location
- 1958
- Franchisor based in
- Sandy Springs, Georgia
- Typical size
- 3,000–4,000 sq ft
What you pay
- Cost to open
- $1.31M–$3.28M
- Fee, build-out and opening working capital
- Franchise fee
- $40,000
- Paid once, when you sign
- Royalty
- 4%
- 4% of net sales, paid weekly
- Brand fund
- Yes
- 1% to 3% of net sales, depending on the advertising support set for the restaurant (up to 4%)
- Renewal fee
- See terms
- 25% of the then- current Initial Franchise Fee
- Agreement length
- 20 years
- Franchisor financing
- Some financing offered
Where it is
- US locations, 2024
- 257
- Franchised and company-owned
- Franchised
- 175
- Company-owned
- 82
- Change in 1 years
- −22
- Franchised locations, 2022–2024
- States
- 29
- Most in Pennsylvania, Minnesota and Ohio
From PERKINS LLC’s 2025 filing; revenue and net loss from its audited financial statements, page 299; 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
Perkins Restaurant & Bakery among all franchises with the same figure.
| Figure | Perkins Restaurant & Bakery | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $2,295,320 | Costs more than 94% of franchises |
| Franchise feePaid once, when you sign | $40,000 | Lower than 46% of franchises |
| RoyaltyShare of sales paid to the franchisor | 4% | Lower than 93% of brands with a set rate |
| US locationsFranchised and company-owned | 257 | More than 89% of franchises |
| Sales per locationYearly, as the brand reports it | $1,933,346 | Higher than 86% of brands that share sales figures |
| Sales against cost to openYearly sales over the cost midpoint | 0.8× | Lower than 86% of brands that share sales figures |
How much a Perkins Restaurant & Bakery franchise costs
Opening one Perkins Restaurant & Bakery costs an estimated $1,313,890 to $3,276,750. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: PERKINS LLC, 2025 filing, page 29
Perkins Restaurant & Bakery franchise fee
The franchise fee is $40,000. You pay it when you sign the franchise agreement.
Source: PERKINS LLC, 2025 filing, page 16
Royalty and ongoing fees
| Royalty | 4% of net sales, paid weekly. |
|---|---|
| Brand or marketing fund | 1% to 3% of net sales, depending on the advertising support set for the restaurant (up to 4%). |
| Renewal | 25% of the then- current Initial Franchise Fee |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: PERKINS LLC, 2025 filing, pages 19 and 25
Other fees as filed, from page 22. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Perkins Restaurant & Bakery publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
- Average net sales
- $1,933,346
- Median net sales
- $1,929,925
Yearly figures for calendar year 2024, covering franchised restaurants meeting the inclusion criteria (168 locations). The average is about 0.8 times the midpoint of the cost to open.
Sales are what a location takes in before rent, payroll, royalties and other costs, not what its owner keeps.
Source: PERKINS LLC, 2025 filing, pages 77–78
SBA loans to Perkins Restaurant & Bakery franchisees
Lenders approved 75 SBA-backed loans for Perkins Restaurant & Bakery franchisees from 1991 to 2025, $39M in all: 35 7(a) loans and 40 504 loans. Of the 67 that have ended, 63 were paid in full and 4 were charged off (6%). The other 8 haven’t ended 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
How Perkins Restaurant & Bakery compares
Of the 58 breakfast franchises on this site, Perkins Restaurant & Bakery is the 53rd cheapest to open and the 5th largest by number of locations.
| Figure | Perkins Restaurant & Bakery | Typical breakfast brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $1.31M | $640K | $222K |
| Cost to open, high end | $3.28M | $1.2M | $477K |
| Franchise fee | $40K | $40K | $40K |
| Royalty | 4% | 5% | 6% |
| Sales per location | $1.93M | $1.72M | $794K |
| US locations | 257 | 13 | 21 |
| Closed or left per year | 4.9% | 3% | – |
| Change in franchised locations, 1 yrs | −11.2% | +6.7% | – |
| Shares earnings figures | Yes | 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 | 197 (−8) | 82 | – | – |
| 2022 | 191 (−6) | 81 | – | – |
| 2023 | 183 (−8) | 80 | – | – |
| 2024 | 175 (−8) | 82 | +1 | −9 |
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.
Over 4 years, from the start of 2021 to the end of 2024, franchised locations went from 205 to 175 (−30, −15%). The earlier years come from the brand's 2024 filing.
Source: PERKINS LLC, 2025 filing, page 84
2021: PERKINS LLC, 2024 filing, page 81
Where Perkins Restaurant & Bakery locations are
At the end of 2024, Perkins Restaurant & Bakery had franchised locations in 29 states. The most are in Pennsylvania, Minnesota and Ohio.
- Pennsylvania36
- Minnesota22
- Ohio17
- Florida11
- South Dakota11
- Wisconsin9
| State | Franchised |
|---|---|
| Pennsylvania | 36 |
| Minnesota | 22 |
| Ohio | 17 |
| Florida | 11 |
| South Dakota | 11 |
| Wisconsin | 9 |
| Nebraska | 8 |
| Iowa | 7 |
| Canada | 6 |
| New York | 6 |
All 29 states
| Indiana | 5 |
|---|---|
| Kansas | 5 |
| Tennessee | 5 |
| Wyoming | 5 |
| Colorado | 3 |
| Idaho | 3 |
| New Jersey | 2 |
| North Dakota | 2 |
| West Virginia | 2 |
| Arizona | 1 |
| Arkansas | 1 |
| Delaware | 1 |
| Maryland | 1 |
| Michigan | 1 |
| Missouri | 1 |
| Montana | 1 |
| South Carolina | 1 |
| Utah | 1 |
| Virginia | 1 |
Source: PERKINS LLC, 2025 filing, page 86
Who owns Perkins Restaurant & Bakery?
Perkins Restaurant & Bakery franchises are sold by PERKINS LLC.
From PERKINS LLC’s 2025 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on pages 14–15. |
|---|---|
| Bankruptcy | Its predecessor and affiliates filed for Chapter 11 in August 2019. |
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: PERKINS LLC, 2025 filing, litigation on pages 14–15, bankruptcy on page 15
Perkins Restaurant & Bakery filings
A franchisor files a new disclosure each year it sells franchises. The figures on this page come from PERKINS LLC’s 2025 filing, issued September 30, 2025; the earlier ones below are on record with the Minnesota Department of Commerce and fill in older location counts.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2025 filing | September 30, 2025 | Minnesota | Costs, fees and locations, 2022–2024 |
| 2024 filing | – | Minnesota | Locations, 2021 |
Each link opens the filing as a PDF. See the newest filings across all brands.
Other breakfast franchises
All breakfast franchises
Perkins Restaurant & Bakery is also on these lists: bakery franchises, restaurant franchises, food franchises.