Bojangles Franchise Prices, Charges, Revenues, Earnings (2022 Overview)


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On this unique Franchise Chatter FDD Speak put up, you’ll study the next:

Part I – Estimated preliminary funding (franchise prices) for a Bojangles franchise, primarily based on Merchandise 7 of the corporate’s 2022 FDD

Part II – Preliminary franchise payment, royalty payment, and advertising and marketing payment for a Bojangles franchise, primarily based on Objects 5 and 6 of the corporate’s 2022 FDD

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Part III – Variety of franchised and company-owned Bojangles retailers initially of the 12 months and the tip of the 12 months for 2019, 2020, and 2021, primarily based on Merchandise 20 of the corporate’s 2022 FDD

Part IV – Information updates on the Bojangles franchise alternative

Part V – Presentation and evaluation of Bojangles’ monetary efficiency representations (common revenues and/or income), primarily based on Merchandise 19 of the corporate’s 2022 FDD, together with info on the:

  • fiscal 12 months 2021 product sales ranges of franchised, company-owned, and all Bojangles full-size eating places that had been operated constantly for the interval from December 28, 2020 to December 26, 2021, by proportion (over $5,000,000; $3,000,000 to $4,999,999; $2,000,000 to $2,999,999; $1,600,000 to $1,999,999; $1,400,000 to $1,599,999; $1,200,000 to $1,399,999; $1,000,000 to $1,199,999; $900,000 to $999,999; and below $900,000)
  • fiscal 12 months 2021 product sales ranges of franchised, company-owned, and all Bojangles categorical eating places that had been operated constantly for the interval from December 28, 2020 to December 26, 2021, by proportion (over $4,000,000; $2,000,000 to $3,999,999; $1,000,000 to $1,999,999; $800,000 to $999,999; $600,000 to $799,999; and below $600,000)
  • fiscal 12 months 2021 common, median, highest, and lowest product sales for the franchised, company-owned, and all Bojangles full-size eating places that had been operated constantly for the interval from December 28, 2020 to December 26, 2021
  • fiscal 12 months 2021 common, median, highest, and lowest product sales for the franchised, company-owned, and all Bojangles categorical eating places that had been operated constantly for the interval from December 28, 2020 to December 26, 2021
  • meals and provides prices and restaurant labor (together with payroll taxes and advantages) for all company-owned Bojangles full-size and categorical eating places that had been open in fiscal 12 months 2021, together with these eating places not open for a full 12 months in fiscal 12 months 2021
  • common examine, proportion of annual gross sales from drive-thru and carry-out orders, and proportion of gross sales per day half for all company-owned Bojangles full-size and categorical eating places that had been open in fiscal 12 months 2021, together with these eating places not open for a full 12 months in fiscal 12 months 2021

Part VI – Key ratios, comparables, computations, and analyses for the Bojangles franchise alternative (unique content material for Platinum subscribers)

Part I – Bojangles Franchise Prices

  • Franchise Price:  $35,000
  • Insurance coverage:  $5,000 to $10,000
  • Pre-opening Salaries, Journey, Residing Bills Throughout Preliminary Coaching:  $98,000 to $149,000
  • Web site Choice:  $100 to $10,000
  • Constructing:  $770,000 to $950,000
  • Web site Work:  $462,000 to $850,000
  • Mushy Prices:  $60,000 to $200,000
  • Tools, Furnishings, Signage, and Fixtures:  $440,000 to $600,000
  • Preliminary Stock:  $13,800 to $28,750
  • Utility Deposits and Enterprise Licenses:  $2,500 to $13,000
  • Further Funds (3 months preliminary part):  $20,000 to $175,000
  • Whole Estimated Bojangles Franchise Prices:  $1,906,400 to $3,020,750

Part II – Bojangles’ Preliminary Franchise Price, Royalty Price, and Advertising Price

  • Franchise Price:  $20,000 to $35,000
  • Commonplace Royalty:  4% of whole month-to-month Gross Gross sales
  • Royalty for Eating places Acquired Below the Refranchising Program:  5% of Gross Gross sales
  • Advertising Improvement Fund:  1% of whole month-to-month Gross Gross sales
  • Native Advertising Expenditure:  3% of whole month-to-month Gross Gross sales much less quantities spent on cooperative promoting
  • Cooperative Promoting:  sometimes 2% of Gross Gross sales

Part III – Variety of Franchised and Firm-Owned Bojangles Shops

Franchised

2019

  • Shops on the Begin of the 12 months:  437
  • Shops on the Finish of the 12 months:  434
  • Web Change:  -3

2020

  • Shops on the Begin of the 12 months:  434
  • Shops on the Finish of the 12 months:  432
  • Web Change:  -2

2021

  • Shops on the Begin of the 12 months:  432
  • Shops on the Finish of the 12 months:  496
  • Web Change:  +64

Firm-Owned

2019

  • Shops on the Begin of the 12 months:  319
  • Shops on the Finish of the 12 months:  312
  • Web Change:  -7

2020

  • Shops on the Begin of the 12 months:  312
  • Shops on the Finish of the 12 months:  326
  • Web Change:  +14

2021

Franchises Ranked by Average Revenues and Profits
  • Shops on the Begin of the 12 months:  326
  • Shops on the Finish of the 12 months:  277
  • Web Change:  -49

Part IV – Information Updates on the Bojangles Franchise

Part V – Monetary Efficiency Representations (Common Revenues and/or Earnings) for the Bojangles Franchise (Merchandise 19, 2022 FDD)

  • The next tables replicate details about the previous monetary efficiency of franchised and company-operated Full-Measurement and Categorical Eating places that had been operated constantly for the interval from December 28, 2020 to December 26, 2021 (the “Fiscal 12 months 2021”).
  • “Firm-operated” Eating places embody Eating places operated by Bojangles’ associates.
  • Annual gross sales proven for franchised Eating places could also be primarily based on Bojangles’ fiscal 12 months or the calendar 12 months relying on how a selected franchisee has reported gross sales.
  • Eating places exterior the US and all particular occasion concession operations aren’t included in any of the disclosures contained in Merchandise 19.
  • Bills proven are just for company-operated Eating places.
  • The knowledge contained on this Merchandise 19 refers to particular franchised and company-operated Eating places, and shouldn’t be thought of because the precise or potential gross sales or prices that will probably be achieved by your Restaurant. A brand new franchisee’s particular person monetary outcomes might differ from the outcomes acknowledged on this monetary efficiency illustration.
  • “Gross Gross sales” utilized in all tables embody income obtained by the relevant Restaurant, however exclude all gross sales tax and non-cash reductions; or extra merely, Gross Gross sales are money and credit score gross sales obtained from franchised and company-operated Eating places.
  • All Meals and Provides and Restaurant Labor (together with payroll taxes and advantages) bills are proven as a proportion of Gross Gross sales much less supply charges from company-operated Eating places.

Half 1 – Abstract of Fiscal 12 months 2021 Gross Gross sales Ranges of Full-Measurement Eating places by Share

Share of Franchised Eating places

  • Over $5,000,000:  0.77%
  • $3,000,000 to $4,999,999:  13.30%
  • $2,000,000 to $2,999,999:  35.04%
  • $1,600,000 to $1,999,999:  18.67%
  • $1,400,000 to $1,599,999:  13.04%
  • $1,200,000 to $1,399,999:  11.51%
  • $1,000,000 to $1,199,999:  4.86%
  • $900,000 to $999,999:  0.76%
  • Below $900,000:  2.05%

Share of Firm-Operated Eating places

  • Over $5,000,000:  0.00%
  • $3,000,000 to $4,999,999:  2.66%
  • $2,000,000 to $2,999,999:  30.42%
  • $1,600,000 to $1,999,999:  30.04%
  • $1,400,000 to $1,599,999:  12.55%
  • $1,200,000 to $1,399,999:  13.31%
  • $1,000,000 to $1,199,999:  5.32%
  • $900,000 to $999,999:  2.28%
  • Below $900,000:  3.42%

Share of All Eating places

  • Over $5,000,000:  0.46%
  • $3,000,000 to $4,999,999:  9.02%
  • $2,000,000 to $2,999,999:  33.18%
  • $1,600,000 to $1,999,999:  23.24%
  • $1,400,000 to $1,599,999:  12.84%
  • $1,200,000 to $1,399,999:  12.23%
  • $1,000,000 to $1,199,999:  5.05%
  • $900,000 to $999,999:  1.38%
  • Below $900,000:  2.60%

Half 2 – Abstract of Fiscal 12 months 2021 Gross Gross sales Ranges of Categorical Eating places by Share

Share of Franchised Eating places

  • Over $4,000,000:  0.00%
  • $2,000,000 to $3,999,999:  34.48%
  • $1,000,000 to $1,999,999:  65.52%
  • $800,000 to $999,999:  0.00%
  • $600,000 to $799,999:  0.00%
  • Below $600,000:  0.00%

Share of Firm-Operated Eating places

  • Over $4,000,000:  0.00%
  • $2,000,000 to $3,999,999:  0.00%
  • $1,000,000 to $1,999,999:  100.00%
  • $800,000 to $999,999:  0.00%
  • $600,000 to $799,999:  0.00%
  • Below $600,000:  0.00%

Share of All Eating places

  • Over $4,000,000:  0.00%
  • $2,000,000 to $3,999,999:  29.41%
  • $1,000,000 to $1,999,999:  70.59%
  • $800,000 to $999,999:  0.00%
  • $600,000 to $799,999:  0.00%
  • Below $600,000:  0.00%

Half 3 – Common Gross Gross sales of Full-Measurement Eating places for Fiscal 12 months 2021

Franchised

  • Variety of Eating places:  391
  • Common Gross Gross sales:  $2,111,968
  • Quantity and Share of Eating places Above Common:  165 (42%)
  • Median Gross Gross sales:  $1,972,608
  • Lowest Gross Gross sales:  $589,891
  • Highest Gross Gross sales:  $6,003,148

Firm-Owned

  • Variety of Eating places:  263
  • Common Gross Gross sales:  $1,818,592
  • Quantity and Share of Eating places Above Common:  119 (45%)
  • Median Gross Gross sales:  $1,760,624
  • Lowest Gross Gross sales:  $670,510
  • Highest Gross Gross sales:  $3,826,315

All Eating places

  • Variety of Eating places:  654
  • Common Gross Gross sales:  $1,993,989
  • Quantity and Share of Eating places Above Common:  281 (43%)
  • Median Gross Gross sales:  $1,859,516
  • Lowest Gross Gross sales:  $589,891
  • Highest Gross Gross sales:  $6,003,148

Half 4 – Common Gross Gross sales of Categorical Eating places for Fiscal 12 months 2021

Franchised

  • Variety of Eating places:  29
  • Common Gross Gross sales:  $1,891,167
  • Quantity and Share of Eating places Above Common:  13 (45%)
  • Median Gross Gross sales:  $1,697,226
  • Lowest Gross Gross sales:  $1,011,002
  • Highest Gross Gross sales:  $3,642,439

Firm-Owned

  • Variety of Eating places:  5
  • Common Gross Gross sales:  $1,645,979
  • Quantity and Share of Eating places Above Common:  2 (40%)
  • Median Gross Gross sales:  $1,569,574
  • Lowest Gross Gross sales:  $1,342,063
  • Highest Gross Gross sales:  $1,942,145

All Eating places

  • Variety of Eating places:  34
  • Common Gross Gross sales:  $1,855,110
  • Quantity and Share of Eating places Above Common:  14 (41%)
  • Median Gross Gross sales:  $1,688,063
  • Lowest Gross Gross sales:  $1,011,002
  • Highest Gross Gross sales:  $3,642,439

Half 5 – Chosen Bills of Firm-Operated Eating places for Fiscal 12 months 2021

  • Meals and Provides:  30.6%
  • Restaurant Labor (together with payroll taxes and advantages):  30.3%

Half 6 – Chosen Gross sales Information of Firm-Operated Eating places for Fiscal 12 months 2021

  • Common Examine:  $9.30
  • Share of Annual Gross sales from Drive-Via and Carry-Out Orders:  94%
  • Share of Gross sales Per Day Half (as a proportion of Annual Restaurant Gross Gross sales):  Breakfast: 37%; Lunch: 26%; Afternoon: 15%; Dinner: 17%; Late Evening: 5%
  • The Gross Gross sales info from “Full-Measurement Eating places” refers to home free-standing Eating places that are 1,400 to three,900 sq. ft that had been in operation throughout Fiscal 12 months 2021.
  • The Gross Gross sales info from “Categorical Eating places” refers to home eating places operated and hooked up to a different enterprise similar to a comfort retailer or a grocery retailer, typically 800 to three,800 sq. ft, in operation throughout Bojangles’ final fiscal 12 months, which ended on December 26, 2021.
  • Additionally included in “Categorical Eating places” are small unit Eating places operated as a part of a meals court docket or contained inside an airport, faculty campus or journey plaza, “drive-thru solely” Eating places with out inside seating, and walk-up items with out drive-thru home windows.
  • Bojangles relied on the royalty studies submitted by franchisees for his or her franchised Eating places and the inner studies ready by firm personnel for company-operated Eating places when making ready the data showing in these tables. These outcomes are unaudited, however Bojangles has no motive to query the accuracy of the studies submitted to it.
  • The knowledge regarding gross sales information and bills of company-operated Eating places that seems in Components 5 and 6 contains the outcomes of the 333 Full-Measurement and Categorical company-operated Eating places that had been open in Fiscal 12 months 2021, together with these Eating places not open for a full 12 months in Fiscal 12 months 2021. Each Full-Measurement and Categorical company-operated Eating places are included in Components 5 and 6.
  • Meals prices embody prices of all meals and meals elements, paper bought, and condiments given at retail stage however exclude prices of kitchen and eating provides and uniforms.
  • “Restaurant Labor (together with payroll taxes and advantages)” contains the mixed prices of administration and crew labor, together with payroll taxes, all different fringe advantages similar to bonus, incapacity, employees’ compensation insurance coverage premiums, well being and insurance coverage advantages, 401(okay) and different retirement plans.
  • Restaurant Labor (together with payroll taxes and advantages) doesn’t embody the price of multi-unit Restaurant supervision above restaurant stage.
  • The Bojangles Eating places included on this monetary efficiency illustration provided bone-in hen as a menu merchandise throughout Fiscal 12 months 2021. In sure markets, Bojangles Eating places opened after the tip of Fiscal 12 months 2021 might not provide breakfast all day or have bone-in hen as a menu merchandise.
  • Eating places exterior the US aren’t included in any of the disclosures contained in Merchandise 19.
  • Some Bojangles Eating places have earned this quantity. There’s no assurance you’ll do as nicely.

Part VI – Bojangles Franchise Ratios, Comparables, Computations, and Analyses (Unique Content material for Platinum Subscribers) ⬇️

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