How much money does a Bojangles franchise make?
On average, Bojangles restaurants have an annual sales volume of $1.8 million dollars. The franchise also offers special incentives for qualifying franchisees. Women, minorities and U.S. veterans can get 50% off the initial franchise fees on the first two restaurants and reduced royalty fees on the third.
How much can you make owning a Bojangles?
How Much Money Can a Bojangles Franchisee Make? $2,000,000 isn’t spare change for most people, so what should you expect if you decide to build a Bojangles store? To start off, the average sales of a Bojangles location is $1.9M and EBITDA is 11%, so you can expect to make $209,000 on an average location.
How much does it cost to buy a Bojangles franchise?
Bojangles Franchise Costs & Fees
| Name of Fee | Low | High |
|---|---|---|
| Initial Franchise Fee | $20,000 | $20,000 |
| Insurance | $4,000 | $7,500 |
| Pre-opening Salaries, Travel, Living Expenses during Initial Training | $113,000 | $168,000 |
| Pre-opening Rent | $0 | $16,000 |
How much did Bojangles sell for?
Bojangles’ Sold for $593 Million, to be Taken Private.
Who owns the most Bojangles franchises?
Jeff Rigsby
Jeff Rigsby is a franchisee of Bojangles restaurants. The expansion makes Rigsby the largest franchisee in the Bojangles system. His franchise groups operate 92 locations currently, with nine more locations approved and expected to open this year.
Can you franchise Bojangles?
Bojangles offers a FAN-tastic franchise opportunity. Our loyal Bojangles fans drive our business, and we are growing to serve them in new markets.
How many Bojangles are company owned?
The day off was put in place only for company-owned units, however; Monday was business as usual for more than 400 of Bojangles’ franchise-owned restaurants, which make up about 65% of the brand’s operation. With this provision, Bojangles has shown a degree of separation within its corporate-franchisee culture.
Who owns the Bojangles franchise?
Jordan Company Durational Capital Management
Bojangles (restaurant)
| Bojangles’ in Tifton, Georgia | |
|---|---|
| Key people | Jose Armario (CEO) Brian Unger (COO) Jackie Woodward (CMO) |
| Products | Fast food, including fried chicken, biscuits, french fries |
| Revenue | US$1.28 billion (2017) |
| Owner | Jordan Company Durational Capital Management |
Where is the corporate office for Bojangles?
Charlotte, NCBojangles / Headquarters
Who is the founder of Bojangles?
Jack FulkBojangles / Founder
Bojangles’® began in 1977 as the dream of operators Jack Fulk and Richard Thomas.
Is Bojangles’ up for sale?
Rumors have swirled of a possible deal in recent months. Back in September, Reuters reported that Bojangles’ was “exploring strategic alternatives, including a potential sale,” according to people familiar with the matter.
How many Bojangles Restaurants are there?
Chicken chain Bojangles’, which has 766 restaurants, has entered into a definitive agreement to be acquired by Durational Capital Management LP and The Jordan Company, L.P. for $593.7 million, the company announced Tuesday morning.
How much did Bojangles lose in Q2?
The 12-month revenues, as of Q2, at those closing restaurants were about $5.8 million, and the restaurants were losing in the $2.9 million range in company-operated restaurant contributions. Bojangles’ reported total Q2 revenues of $140.5 million, up 2.7 percent from $136.8 million in the prior-year period.
Who is the CEO of Bojangles now?
He succeeded CEO James “Randy” Kibler, who led Bojangles’ Restaurants Inc., the company’s subsidiary, from September 2007 to January 2014. Kibler moved into the interim role.