If you are considering starting a Bojangles franchise, this article will provide the information you need to make an informed decision.
We’ll discuss the franchise fees, profit potential, total investment, training and support available from Bojangles, restrictions on ownership and renewal policies, as well as the estimated return on your investment.
With all this information, you can determine whether or not investing in a Bojangles franchise is right for you. Read on to learn more about becoming a Bojangles Franchisee.
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About Bojangles & Franchise History
Founded in 1977 by Jack Fulk and Richard Thomas, Bojangles’ began as a single restaurant near Charlotte, North Carolina. This first store was located at 5006 South Blvd., where it still stands today. By 1983, the company had grown to 32 locations and went public on NASDAQ under BOJA.
In 1990, Bojangles’ completed the first true franchise sale and continued to grow through franchising. In 1995, Bojangles began offering stock options to all its employees.
By 2000, there were over 300 Bojangles’ restaurants in 10 states throughout the Southeast and Mid-Atlantic regions of the United States. The same year, the company moved its headquarters to Charlotte and began rolling out new menu items such as breakfast platters and Bo-Tato Rounds®.
In 2004, the company introduced two beverage innovations: Sweet Tea and freshly-brewed Iced Coffee. The following year, Bojangles’ opened its 400th restaurant and unveiled its new logo.
By 2010, Bojangles’ had 500 restaurants across the Southeast and Mid-Atlantic regions, including locations in Florida, Georgia, North Carolina, South Carolina, Virginia, Tennessee, and Maryland. In 2012, Bojangles’ opened its 600th location in Lumberton, NC.
By 2018, Bojangles’ had grown to over 750 locations in 11 states and Washington, D.C. They are now the fourth-largest chicken restaurant chain in the United States. Customers have recognized them for their Famous Chicken ‘n Biscuits®, Legendary Iced Tea®, and other home-style menu favorites.
Today, Bojangles’ continues to expand its reach by offering franchising opportunities throughout the United States and worldwide. Bojangles is committed to providing customers with delicious meals for breakfast, lunch, dinner, and beyond.
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. |
| Area Requirement | N/A |
| Total Outlets | 530 Units |
Bojangles Support & Training
Naturally, they will teach a new franchisee 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 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 on the Bojangles franchising website, including cash-on-hand requirements.
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 in 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.
Bojangles Comparison
| Company | Bojangles | Bonchon |
|---|---|---|
| Founded In | 1977 | 2002 |
| Initial Investment | $1.5 million-$2.5 million | $503,879-$1,099,004 |
| Franchise-Fee | $15,000 | $40,000 |
| Total Outlet | 530 | 300 |
| 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 headquarter?
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.
Does Bojangles offer franchising?
Yes, Bojangles offers fantastic franchise opportunities. Their loyal fans are driving the business and helping them to multiply.
How much does a Bojangles franchise cost?
Starting a Bojangles Franchise requires an initial investment of $1.5 million and $2.5 million, with a franchise fee of $15,000.
Write is the founder of Bojangles?
The founder of Bojangles is Richard Thomas (R.T.) Bond, Sr. He and his partner Jack Fulk opened their first restaurant in Charlotte, North Carolina in 1977. Since then, Bojangles has grown to nearly 800 locations across the United States and internationally. R.T. Bond passed away in 2006, but his family owns and operates the company.
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