Full-Service Family Restaurant · FDD 2025 · from public state filings
DDisclosure honesty
This franchisor discloses earnings (Item 19) — but read how.
Investment
$579,390–$3,581,375
Total fees
7% of sales
Outlets
257
Closure signals
3 ceased, 1 terminated
Lawsuits
4
What their own earnings claim actually says
Discloses only Net Sales by tier for 2022-2024 (franchised, company-owned, combined). No costs, expenses, or profit data provided. Excludes closed/short-year units with lower average sales, potentially inflating figures.
Honesty grade D: the disclosed numbers are incomplete or framed to look better than an owner's real take-home.
Failure & turnover reality (Item 20)
Franchised outlets declined from 197 to 175 over three years; net system loss of 22 franchised units total.
Legal history (Item 3)
4 matters disclosed.
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The franchisor won't put real owner profit in writing. We do — reconstructed from their own FDD.
Franchisor's framing: Discloses only Net Sales by tier for 2022-2024 (franchised, company-owned, combined). No costs,…
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Decoded real failure / closure rate
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Validation-call playbook — who to call + the exact questions
The FDD lists a total initial investment of about $579,390–$3,581,375, including a $40,000 initial franchise fee.
How much do Perkins franchise owners make?
Discloses only Net Sales by tier for 2022-2024 (franchised, company-owned, combined). No costs, expenses, or profit data provided. Excludes closed/short-year units with lower average sales, potentially inflating figures. We grade this disclosure D for honesty.
What is the Perkins franchise failure rate?
Franchised outlets declined from 197 to 175 over three years; net system loss of 22 franchised units total.
Is a Perkins franchise worth it?
It depends on the numbers, not the pitch. Perkins scores D on disclosure honesty, carries about 7% of sales in ongoing fees, and discloses 4 legal matters. Get the real owner take-home before you sign.
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Source: MN CARDS 35461-202603-05 (Clean FDD 2025). FranchiseValidate is independent and not affiliated with Perkins or its franchisor. Figures are extracted from the franchisor's own public disclosure document; verify against the current FDD before any decision.