You could be interested in fast food franchising with Bojangles if you’re a huge foodie who wants to turn your passion into a thriving business.
Let’s look at how much it costs to open a Bojangles franchise and how much you can expect to pay for this fast-food business opportunity.
About The Bojangles
Bojangles’ Restaurants Inc., based in Charlotte, North Carolina, has been serving only the highest quality and most delectable food to its loyal customers since 1977, with all of its trademark menu items created from scratch.
The food, including Bojangles’ core menu selections of seasoned chicken, freshly made scratch buttermilk biscuits, and Legendary Iced Tea steeped the old-fashioned way, has a unique flavor thanks to a particular blend of ingredients.
Biscuit sandwiches are also available all day at Bojangles’. Dirty Rice, Cajun Pintos, and Seasoned Fries are just a few of the savory side dishes available.
Bojangles has over 530 outlets in ten states and Washington, D.C., predominantly in the Southeast, first franchised in 1978.
In 1977, Jack Faulk and Richard Thomas launched the first Bojangles, and a year later, they began franchising.
Despite stiff competition from other well-known companies, they have concentrated on the right placement of their restaurants to ensure a significant market share.
Bojangles Franchise Model
|Initial Investment||$1.5 million and $2.5 million|
|Initial Franchise-Fee||$15,000 to $15,000|
|Royalty||4% of total monthly gross sales.|
|Total Outlets||530 Units|
Bojangles Support & Training
Naturally, they will teach a new franchisee all of their tactics and procedures. To run a successful business inside our tried-and-true system.
They also ensure that every Bojangles site has everything they need to succeed, from adequate space and equipment to a thorough understanding of how to prepare their unique recipes.
In addition, Their marketing initiatives will assist in attracting local clients and maintaining a steady flow of visitors to your business.
What Are The Options For Funding?
Review the financial criteria, including cash-on-hand requirements, on the Bojangles franchising website.
Check Bojangles for information on in-house financing for franchisees. When it comes to financing a Bojangles, you have a few options:
- A handful of online business lenders provide up to $1 million loans.
- Obtaining a bank loan large enough to pay a substantial chunk of Bojangles’ start-up costs.
- SBA loans are typically more expensive than traditional term loans from banks or online lenders.
Bojangles Agreement & Renewal
The original franchise term is 20 years from the date of the Franchise Agreement or until the restaurant location’s initial lease term expires or is terminated, whichever comes first.
There are two additional 10-year terms possible, subject to contractual conditions.
|Initial Investment||$1.5 million-$2.5 million||$503,879-$1,099,004|
|Annual Revenue||1.3 Billion||$77 Million|
Frequently Asked Questions
Is Bojangles' stock traded on a stock exchange?
Bojangles has been a publicly-traded company since 2015, when Advent International Corp, a private equity group, listed it on the stock exchange.
What is the location of the Bojangles' headquarters?
Charlotte City, North Carolina, in the United States.
What is the slogan for Bojangles?
It’s the first time the corporation has used a celebrity to promote the tagline “It’s Bo time,” according to the company.
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