Franchise Facts Report → brands → Perkins and
Perkins and franchise — is it worth it?
Medium risk Shrinking network Item 19 disclosed
Perkins Restaurant and Bakery is a full-service restaurant brand with a significant investment range of $1.4M to $3.5M.
Everything below is free, read straight off Perkins and's registered filing, with where the numbers land against full-service restaurant peers. Weighing Perkins and against other options? Get a free shortlist of franchises that fit your budget.
Figures above are as disclosed in Perkins and's most recent FDD (registered 2025). Source: Minnesota Dept. of Commerce — CARDS franchise registrations · filing 35461-202603-05 — check it yourself. See every other Minnesota-registered franchise.
Considering Perkins and? See what else fits your budget
Tell us your budget and the industries you're open to. We'll match you with 5–10 franchises whose own FDDs fit — ranked by earnings disclosure, growth and closure rate — and email you the list. Perkins and will be on it if it fits.
How much does a Perkins and franchise make?
Perkins and is one of the franchisors that answers this on the record: its most recent FDD makes an Item 19 financial performance representation — actual unit earnings figures, disclosed by the franchisor itself. The headline figure is $1,933,346 in average unit revenue — read it alongside what Item 19 says about which units it covers (often only mature or top-performing locations). See every full-service restaurant brand that discloses earnings in the Full-service restaurant franchises with disclosed Item 19 earnings ranking.
Perkins and franchise profit vs. revenue
Revenue is not profit. An Item 19 almost always reports sales — what a location takes in — not what an owner keeps. Out of that number come Perkins and's 4% royalty, the ad fund, rent, payroll, supplies and debt service. No FDD tells you a Perkins and franchise's profit, because profit depends on your site, your rent and how you run it — so treat any "Perkins and franchise profit" figure quoted elsewhere as someone's estimate, not a disclosure. On $1,933,346 of revenue, a 4% royalty alone is about $77,334 a year before any other cost.
Perkins and lawsuits & legal history (FDD Item 3)
Perkins and's most recently filed Franchise Disclosure Document (2025) does disclose legal proceedings in Item 3 . Item 3 is the item where a franchisor must put its material legal history on the record. Two things it is not: it covers the franchisor and its predecessors, parents and affiliates, so a disclosed case is not necessarily a suit against Perkins and itself; and a disclosure is a fact, not a finding of wrongdoing — most entries are contract disputes with former franchisees, which every large system accumulates. Item 3 of the source FDD describes each case.
Perkins and closures & failure rate
Before you sign, Perkins and will hand you a list of current owners to call as references — and they choose who's on that list. It won't include the owners who quit, got bought out, or were forced out last year. The FDD does report that number, even though the reference list leaves those people off. Below is what Perkins and's most recent filing shows, and whether it's normal for a full-service restaurant of this kind.
The closest thing an FDD has to a failure rate is Item 20 — outlet openings, closures, terminations and non-renewals, reported by the franchisor. Perkins and's latest tables show a shrinking franchised network — more units left than opened. Its franchised-outlet closure rate — closures, terminations and non-renewals against outlets — is 2.2%, against a full-service restaurant median of 0.8% — worse than the category. Net franchised outlets moved -8 to 175 in the latest reported year.
Who owns Perkins and?
Perkins and's franchise is offered by PERKINS LLC — the franchisor named on the cover of its most recently filed Franchise Disclosure Document (2025), and the entity a franchisee actually signs with. That name comes straight off the filing at MN CARDS; it identifies the franchisor, not necessarily the ultimate parent company behind it.
Full-service restaurant franchises at a similar investment level
Anyone weighing Perkins and is really weighing it against the other brands their money could go into. These are the closest by total initial investment (FDD Item 7), each with its own FDD-based page.
Perkins and franchise — frequently asked
Who owns Perkins and — who is the franchisor?
Perkins and's most recently filed FDD (2025) names PERKINS LLC as the franchisor — the entity you would actually sign the franchise agreement with, as stated on the disclosure document itself. A registry filing names the franchisor, not necessarily its ultimate parent company.
How much does a Perkins and franchise cost?
Perkins and's most recently filed FDD (Item 7) puts the total estimated initial investment at $1,443,890 – $3,581,375 and a 4% royalty. That price is the franchisor's own estimate of what it takes to open, not a quote. Against full-service restaurant peers it sits in the bottom quartile (median $1,332,500).
How much profit does a Perkins and franchise make?
Perkins and discloses unit earnings in Item 19, but that figure is revenue — sales — not profit. Royalties (4% of gross for Perkins and), the ad fund, rent, payroll and supplies all come out of it, and no FDD discloses what an owner nets. Any Perkins and franchise profit number quoted elsewhere is an estimate. The headline figure Perkins and discloses is $1,933,346 in average unit revenue.
Does Perkins and disclose financial performance (Item 19)?
Yes — Perkins and reports unit-level earnings in Item 19. The headline figure is $1,933,346 in average unit revenue, as the franchisor states it.
Are there lawsuits against Perkins and?
Perkins and's most recently filed FDD (2025) discloses legal proceedings in Item 3. Item 3 covers the franchisor, its predecessors, parents and affiliates — so a disclosed case is not necessarily a suit against Perkins and itself, and a disclosure is not a finding of wrongdoing.
Is Perkins and a good franchise to buy?
Nobody can answer that from Perkins and's numbers alone — it comes down to how its investment, earnings, litigation and franchisee churn stack up against full-service restaurant peers and against your own budget. Our read on this filing is medium risk. Every figure behind that read is on this page for free. If you're comparing options, the free shortlist on this page matches you with 5–10 franchises that fit your budget and industry.
Get a free email when something changes on Perkins and or full-service restaurant: a new FDD registration, a new lawsuit, an outlet count that shifts, or Item 19 earnings going from undisclosed to disclosed. Pulled straight from the same state registries this page is built on.