PERKINS
Key figures
| Initial franchise fee | $13,500 |
| Total investment (Item 7) | $20,000 – $40,000 |
| Royalty (Item 6) | 4% of gross sales |
| Headquarters state | NY |
| Legal name (Item 1) | PERKINS LLC |
| FDD issuance date | 2024-08-21 |
| Franchised units (Item 20) | 175 (Item 20, p.84) |
| Brand website | https://www.perkinsrestaurants.com |
About PERKINS
Perkins may also lease and sub-lease restaurant facilities and equipment to some franchisees under the Perkins System, as well as to others. Perkins has operated Perkins Restaurants since October 2019, when it acquired the rights to the Perkins System and began offering franchises as of March 4,… TERRITORY (Item 12): territory is NOT exclusive - the FDD states you will not receive an exclusive territory.
Due diligence dossier
Every figure below is as disclosed in this brand's own FDD, with its FDD citation. FranchiseKI adds no analysis and estimates nothing.
Unit history (Item 20)
| Year | Franchised | Company-owned | Total |
|---|---|---|---|
| 2022 | 191 | 81 | 272 |
| 2023 | 183 | 80 | 263 |
| 2024 | 175 | 82 | 257 |
Source: Item 20, p.84 of the brand's FDD.
Risk & history facts
| Closures in the last 3 years | 22 (Item 20, p.84-93 of the FDD) |
| Transfers in the last 3 years | 13 (Item 20, p.85 of the FDD) |
| Litigation matters disclosed (Item 3) | 4 (Item 3, p.15 of the FDD) |
| Bankruptcy (Item 4) | No bankruptcy disclosed (Item 4) (Item 4, p.16 of the FDD) |
Item 19 — franchisor-provided financial performance representations
These figures are the franchisor's own representations in Item 19 of its FDD. They are not verified earnings and are not a promise of what any unit will earn.
| Average revenue | $1,987,625 (Item 19, p.77 of the FDD) |
| Median revenue | $1,932,353 (Item 19, p.77 of the FDD) |
| Revenue range | $589,679 – $5,248,183 (Item 19, p.77 of the FDD) |
Ownership & operations
| Owner-operator required | No (Item 15, p.67 of the FDD) |
| Absentee ownership allowed | Yes (Item 15, p.67 of the FDD) |
Territory description (Item 12): Franchisees do not receive an exclusive territory but are granted a protected territory based on a particular area surrounding the Unit, typically approximately one-half mile for urban, two miles for suburban, and up to 3 miles for locations beyond suburban areas. (Item 12, p.60 of the FDD)
Training: (Franchise Agreement Section 7(i)) The pre-opening training program described below will begin approximately 11 weeks prior to the scheduled opening date, and must be complete approximately three weeks prior to schedule opening day, during which time you must hire staff and prepare for opening. (Item 11, p.43 of the FDD)
Ongoing support:
- Information concerning operating problems and new techniques
- Information regarding new and improved methods of operation
- Participation in group purchasing programs
- Periodic evaluation of the Franchise and products/services
- Guidance on pricing of products and services
Source: Item 11, p.45 of the brand's FDD.
Company facts
| Headquarters | Sandy Springs, NY (Item 1, p.7 of the FDD) |
| Years in business | 6 (Item 1, p.7 of the FDD) |
| Years franchising | 5 (Item 1, p.7 of the FDD) |
| Parent company | Elysium Investments (Second) LLC (Item 1, p.7 of the FDD) |
| Initial term | 20 years (Item 17, p.67 of the FDD) |
| Renewal term | 10 years (Item 17, p.67 of the FDD) |
| Veteran discount | Offered (Item 5, p.17 of the FDD) |
| Company-owned units | 80 (Item 20, p.81 of the FDD) |
Questions to ask the franchisor
Generated from what this brand's FDD data does not disclose — ask PERKINS directly:
- What liquid capital does the franchisor require of a new franchisee? It is not disclosed in the FDD data we hold for this brand.
- What minimum net worth does the franchisor require? It is not disclosed in the FDD data we hold for this brand.
Territory — what the FDD says (Item 12)
Under this brand's Item 12 rule, the territory carries some protection but not full exclusivity — for example, the franchisor may reserve certain channels or accounts. Future concepts may also be reserved. Areas inside an existing franchisee's protected territory are generally not available to a new buyer for a directly competing unit; the exact limits are in the FDD text quoted above.
The FDD's own words (Item 12): “territory is NOT exclusive - the FDD states you will not receive an exclusive territory.”
Next steps with PERKINS
Put PERKINS on a shortlist. Compare it side by side with two other brands. Check it against your budget in the PerfectFit Quiz. Or talk it through with a vetted consultant. That conversation is free to buyers; call (385) 475-5319. Only the franchisor can confirm current terms. Only the franchisor can confirm territory availability.