Perkins^®

Food & Beverage • Year: 2026

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What Is Perkins?

Perkins is a full-service restaurant and bakery offering a broad menu of breakfast, lunch and dinner entrees. The business operates through on‑premises dining, personal carry‑out, delivery, off‑site catering and, in some locations, drive‑through services, and permits participation in delivery‑focused virtual product offerings. Perkins units include traditional brick‑and‑mortar restaurants and Non‑Traditional Units located in or within host facilities such as convenience stores, airports, hospitals, stadiums, hotels, and standalone locations.

Perkins Franchise: Pros and Cons

An industry-leading training and support score of 100 means you'll get top-tier onboarding and field help to shorten the learning curve and speed time to revenue, but the franchisor also reports 60 signed-but-not-open units (top 10% for Food & Beverage), which can signal build-out or support bottlenecks.

Pros

Training and support score of 100 is well above typical (top quarter), meaning you’ll get industry-leading onboarding and field support to shorten your learning curve and speed time-to-revenue.

Initial fees are refundable (unusual - only ~14% of Food & Beverage franchises do this), which reduces your upfront downside if an opening falls through.

With 82 company-owned units, the franchisor operates a large corporate fleet (well above typical, top 10%), giving them real operational experience and 'skin in the game' to test and refine systems before you adopt them.

Cons

Three outlet non-renewals is unusually high for Food & Beverage (top 10%), suggesting a higher-than-normal rate of operators choosing not to continue under renewal terms.

Sixty signed-but-not-open units is unusually high for Food & Beverage (top 10%) and often indicates the franchisor may be selling agreements faster than it can support openings or is experiencing site-approval/build-out delays.

Four disclosed lawsuits is well above typical for Food & Beverage (top quarter), a legal signal worth digging into to understand the nature and frequency of disputes.

Lawsuits & Legal Risk

NORMAL

Perkins faced multiple California wage-and-hour and PAGA claims - including individual, representative and class actions - with two matters resolved via settlement by the PMC Estate and others stayed or unresolved amid bankruptcy. Due diligence: review franchisee employment obligations, any cost-shift policies (e.g., footwear/uniforms), indemnification clauses, training/compliance programs, and bankruptcy disclosures.

Territory Protection

43/100

NORMAL

Perkins grants a protected, non-exclusive, site-specific Territory for an approved Unit (typically 0.5–3 miles depending on market) but retains broad rights to develop or convert nearby units and affiliate concepts. Territory is contingent on meeting performance contingencies; Perkins may sell via e-commerce and franchisees have no right of first refusal.

Training & Support

100

Excellent

The brand provides a comprehensive 200-hour training curriculum designed to prepare four managerial staff for launch. The program includes on-site launch support for operational readiness that incurs additional fees, and franchisees are responsible for travel and living expenses.

Unit Growth Analysis

This franchise shows a clear declining trajectory from 279 units in 2022 to 257 in 2026 (a net drop of 22 units, −7.9%); year-over-year declines were −2.5% (2023), −3.3% (2024), and −2.3% (2025) before flattening to 0.0% in 2026. For investors, the multi-year contraction suggests persistent retention or development headwinds, but the 2026 stabilization at 257 units indicates the decline may have halted-worth watching for confirmation or signs of renewed growth.

How Much Do Perkins Franchise Owners Make?

Perkins franchise locations reported average gross sales of $1,933,346 and median gross sales of $1,929,925 in 2026, based on financial performance data disclosed in Item 19 of the Franchise Disclosure Document.

Average Gross Sales:

$1,933,346

Median Gross Sales:

$1,929,925

High Gross Sales:

$4,240,320

Low Gross Sales:

$589,679

Sample Size:

168

Percent Attaining Average:

49.0%

Audit Status:

Unaudited

Franchise vs Corporate Performance: In 2024 franchised units had average Net Sales of 1,933,346 versus company-owned units averaging 2,103,055, indicating company-operated restaurants outperformed franchised restaurants on average that year.

Performance Variability Analysis: Franchised unit Net Sales show substantial spread with a high of 4,240,320 and a low of 589,679, though the median (1,929,925) is nearly equal to the mean, suggesting the overall distribution is not heavily skewed despite wide top-to-bottom variation.

Data Scope and Limitations: The tables report Net Sales for units meeting inclusion criteria (open at least 50% of the year) and exclude certain units; franchisee-provided figures are not audited and expense/P&L details are not provided in Item 19.

Frequently Asked Questions

Is Perkins a good franchise to own?

Whether Perkins is a good franchise depends on your goals, experience, and local market. Key factors from the 2026 FDD: Perkins operates 257 locations, received a legal risk score of 91/100, a training and support score of 100/100. Financial performance data is disclosed in Item 19. Prospective franchisees should review the full Franchise Disclosure Document and consult with a franchise attorney before making any investment decision.

What is the failure rate of Perkins franchises?

In the 2026 FDD, Perkins reported 1 terminated franchises and 3 non-renewals out of 257 total locations. Franchise closures can result from many factors including market conditions, operator decisions, lease expirations, and franchisor enforcement actions. The FDD's Item 20 provides the most detailed unit turnover data.

How long does it take to break even with a Perkins franchise?

Break-even timelines for Perkins franchises are not disclosed in the 2026 Franchise Disclosure Document. Break-even periods vary significantly based on initial investment level, local market conditions, operating costs, and revenue ramp-up speed. Prospective franchisees should build a pro forma financial model using Item 7 cost estimates and, where available, Item 19 financial performance data from the FDD.

Is Perkins a franchise or a corporate-owned business?

As of the 2026 FDD, Perkins operates 175 franchised locations and 82 company-owned locations. Franchise opportunities are available through the franchisor's disclosure process.

Interested in Perkins?

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