Franchise Facts Report

Franchise Facts Reportbrands → Perkins and

Perkins and franchise — is it worth it?

Full-service restaurant · FDD-based assessment · registered 2025

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. The $99 report is the part a single FDD can't give you: the earnings figures themselves, and where every number lands against full-service restaurant peers.

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Total initial investment
$1,443,890 – $3,581,375
Bottom quartile for full-service restaurant · median $1,121,313
Initial franchise fee
FDD Item 5
Royalty
4%
FDD Item 6
Item 19 earnings
Disclosed
figures locked
Litigation (Item 3)
Disclosed
in Item 3
Outlet network
175 units
-8 last year
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The numbers above tell you what Perkins and discloses. The report tells you whether that's good:

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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. The Item 19 figures, where each number ranks against peers, and the litigation & churn detail are in the full report.

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 average revenue Perkins and reports, what that figure does and doesn't include, and where it ranks against full-service restaurant peers are in the full report. 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. The full report sets Perkins and's disclosed revenue against its total ongoing fee load, so you can see what that revenue has to cover before anything reaches you.

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. The full Perkins and report lists each case with what it was about and how it ended, separates franchisee disputes from corporate and securities matters, and flags the ones a franchisee started — the split that actually matters, because franchisees suing their franchisor is the signal a buyer is looking for.

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. The actual closure and termination counts, and how Perkins and's churn ranks against full-service restaurant peers, are in the full report.

The full Perkins and report — $99

The Item 19 earnings figures, every number ranked against full-service restaurant peers, and the litigation and churn detail — delivered instantly, yours to keep.

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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.

Perko's Cafe Grill$354,500 – $1,467,000Egg N' Joe Restaurant$741,450 – $3,209,800 · Item 19 disclosedGYUSHIGE U.S.A. LLC (dba Gyushige)$1,279,754 – $2,897,123Jinya Ramen Bar$1,395,000 – $3,066,000 · Item 19 disclosedPHOENIX FRANCHISE GROUP LLC (Rodizio Grill)$1,023,000 – $3,600,000 · Item 19 disclosedGyu-Kaku$2,268,261 – $2,572,591Paradise Franchising Group USA$1,517,100 – $3,358,400BLH Restaurant Franchises$1,064,500 – $3,949,000 · Item 19 disclosedHooters®$1,258,300 – $4,100,000 · Item 19 disclosedTgi Fridays$1,408,110 – $4,516,110 · Item 19 disclosedBroken Yolk Cafe$1,601,850 – $4,354,050Outback Steakhouseinvestment not disclosed

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. The full report breaks down every fee line and benchmarks it against full-service restaurant peers.

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 full report shows the disclosed revenue against the full ongoing fee load it has to cover.

Does Perkins and disclose financial performance (Item 19)?

Yes — Perkins and reports unit-level earnings in Item 19. The full report shows the actual revenue figures and how they rank against full-service restaurant peers.

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. The full report lists each case, separates franchisee disputes from corporate and securities matters, and flags the franchisee-initiated ones.

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, which is what the full report is for. Our read on this filing is medium risk, stated free above. For $99 you get the figures driving that read, the actual Item 19 earnings (disclosed in this FDD), where every figure ranks against peers, and the specific questions to ask the franchisor before you sign.

Decide with the numbers — $99

A Perkins and franchise is a $1,443,890 – $3,581,375 decision you make once, on a ten-year agreement, usually with a personal guarantee behind it. For $99 you get an independent read of the document that decides it: the actual Item 19 earnings, every figure ranked against full-service restaurant peers, the litigation split into franchisee and corporate matters, the churn behind the outlet count — and the questions to put to the franchisor before you sign. If it tells you nothing new, reply within 14 days and we'll refund it.

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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 registries every report is built on.

This report compiles and structures publicly filed Franchise Disclosure Document (FDD) data from state franchise registrations. It is not legal, financial, or investment advice, is not affiliated with or endorsed by any franchisor, and does not replace reading the full FDD or consulting a franchise attorney or accountant. All figures are as disclosed by the franchisor in its most recent registered FDD. Item 19 financial performance representations are made at the franchisor’s option and may be absent or limited.