Bojangles Franchise

Bojangles, a Bojangles Inc franchise, has been franchising since 1979 - 2 years after the concept was founded in 1977 , currently with 820 total locations (700 franchised, 120 company-owned, a 85% franchise-to-corporate ratio that signals the operator's reliance on independent owners) in the food & beverage sector, headquartered in NC. Per the 2024 FDD, budget a total initial investment of $1.5M to $3.2M, with the 113% low-to-high spread driven mainly by site size, market, and how extensive the buildout runs. Included in that number: the franchise fee of $40K, equipment, leasehold improvements, and initial working capital to carry the business through ramp-up.

Ongoing royalties run 4.0% of gross sales, plus a 1.0% national ad-fund contribution on top -- 5.0% combined out of every sales dollar. Bojangles does not include Item 19 financial performance data in its FDD -- a common choice, since the disclosure is optional under the FTC Franchise Rule. That shifts the diligence burden onto the buyer: survey existing franchisees via the Item 20 contact list, model unit economics from public comparables, and press for validated profit-and-loss figures before signing.

Bojangles's network is expanding: unit count grew at a 2.4% net rate over the past year (40 openings, 20 closures). Sustained positive growth is a signal that the unit-economics are working well enough to attract new operators, though late-stage growth can also reflect aggressive sales push rather than operational health.