Overview
Bojangles is an American based fast-food chain of restaurants that specializes in Cajun fried chicken. It was ranked #1 chicken restaurant franchise by Entrepreneur Magazine. They specialize in a limited quantity menu of fast-food products. They offer a variety of chicken side items, biscuits and sandwiches all made-from-scratch. At present they have 780+ locations of chicken and biscuit mainly across the Southeast. Its headquarters is located in Charlotte, North Carolina.
In 1977 Bojangles came into existence and started franchising in 1978. Its founders were Jack Fulk and Richard Thomas. In 1983, the company went public on NASDAQ under BOJA. By 2000 they had already set up over 300 restaurants throughout the United States. In 2005 the company unveiled its new logo and were successful in opening its 400th restaurant. At present with over 780+ locations in 14 States they have occupied fourth position in the chain of chicken restaurants in the United States.
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Benefits
Bojangles is renowned for its support and benefits, they are best known for its benefits when it comes to franchising. The benefits that Franchises will get are Brand Loyalty, Favorable Condition, Productive Restaurant Base, Diversified Daypart Mix, Healthy Franchisee System, Team Management, Training and much more.
Brand Loyalty: it’s famous for its ironic brand loyalty with a huge following base all over the world.
Favorable Condition: it has occupied fourth position in the fast-growing chicken QSR industry. The favorable conditions are beneficial for newcomers.
Productive Restaurant Base: it’s highly productive in terms and is leading unit economics. It has a profitable business base in the fast-food sector.
Diversified Daypart Mix: it is leader in breakfast, when every other business group is sleeping its well ahead of them ready to serve its customers with breakfast.
Healthy Franchisee System: its successful system dates back and has made a history in the healthy Franchisee System.
Team Management: it has a world class team management, inspiring every new talent in this field.
Training: they offer class room as well as on job training. It provides 520 to 1,040 hours On-The-Job training, and 30 hours classroom training.
Requirements
In order to qualify for Bojangles Franchise you need to have a minimum net worth of $1 Million, net liquid assets of $500,000 and some ongoing fee Requirements. Also Check out its initial Franchise Fee in this Rundown.
| Net Worth | $1,000,000 |
| Liquid assets | $500,000 |
| Initial Franchise Fee | $20,000 – $35,000 |
| Royalty | 4% |
| Marketing fee | 3-4% |
| Renewal | 50% of Franchise fee |
Apart from this you require development interest, successful operational background or you can also hire an operations partner.
Opportunities
The Bojangles franchise came up with Fantastic opportunities. They provide ideal business opportunities for both single and multiple locations. They provide southern flavors in new markets throughout the southeast, Midwest, and Atlantic coast regions. Its business opportunities have created one of the most compelling models in the QSR regions.
Cost
The beginning operation for Bojangles Franchise ranges from $1,906,400 to $3,020,750. The following is the estimated total investment including initial investment and one-time fees.
| Expenditure Type | Low | High |
| Franchise Fee | $35,000 | $35,000 |
| Insurance | $5,000 | $10,000 |
| Pre-opening salaries, travel, living expenses during initial training | $98,000 | $149,000 |
| Site selection | $100 | $10,000 |
| Building | $770,000 | $950,000 |
| Site work | $462,000 | $850,000 |
| Soft costs | $60,000 | $200,000 |
| Equipment, furniture, signage and fixtures. | $440,000 | $600,000 |
| Initial Inventory | $13,800 | $28,750 |
| Utility Deposits & business licenses | $2,500 | $13,000 |
| Additional funds (3 months) | $20,000 | $175,000 |
| Total | $1,906,400 | $3,020,750 |
Profit
As per its FDD Bojangles franchise makes on average $425,719 in profits per year also a 24% profit margin is in line with the industry.
| Profit – Loss | Amount ($) | % of sales |
| Sales | $1,801,057 | 100% |
| COGS | $ (560,129) | 31.1% |
| Labor | $ (516,903) | 28.7% |
| Rent | $ (118,200) | 6.5% |
| Royalty and marketing fees | $ (180,106) | 10.0% |
| Adjusted EBITDA | $425,719 | 24% |
It’s a very profitable business, from 2020-2021 Bojangles showed a growth rate of 390%. As per 2020 reports Bojangles made a median franchise sales of $1,784,899 and in 2021 their median franchise sales were $1,972608. Revealing at an average of a 15% profit it will take around 11 years to recoup your investment.
Media Franchise Sales
| Initial investment (midpoint) | %profit margin | Estimated Profits | Recoup Time |
| $2,463,575 | 10% | $178,489 | 15 years |
| $2,463,575 | 15% | $267,734 | 11 years |
| $2,463,575 | 20% | $356,979 | 8 years |
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Bojangles Menu
Bojangles menu has a special selection of Chicken Sandwich, Biscuit Meals, Family Meals, Boneless chicken Favorites, Signature Bone-In Chicken Meals, Individual, Salads, Kid’s Meals, Fixins, Beverages, Sweets, Extras.
| Chicken Sandwich | Bo’s Chicken Sandwich Combo, Bo’s Chicken Sandwich, Grilled chicken Sandwich Combo. |
| Biscuit Meals | Cajun Chicken Filet, Sausage Egg & Cheese, Bacon, Egg & Cheese, Sausage & Egg, Sausage, Egg & Cheese, Southern Gravy. |
| Family Meals | 8pc Chicken Meal, 8pc chicken & 4 Biscuits, 12pc Chicken Meal, 12pc Homestyle Tenders Meal, 12pc 4 chicken & 8 Homestyle Tenders Meal, 20pc 8 chicken & 12 Homestyle Tenders Meal, 20pc Chicken Meal |
| Boneless chicken Favorites | 4pc Homestyle Tenders Combo |
| Signature Bon-In chicken meals | 2pc leg & Thigh, 3pc leg & 2 Thighs, 2pc Breast & wing, 3 wings |
| Individual | Cajun Chicken Filet, Sausage Egg & Cheese, Bacon, Egg & Cheese, Sausage & Egg, Sausage, Egg & Cheese, Southern Gravy, Pimento Cheese |
| Salads | Grilled chicken, Homestyle Tenders, Garden salad |
| Kids Meals | 2pc Homestyle Tender, Chicken leg, Mac n’ cheese kids |
| Fixins | Seasoned fries, Bo-Tato Rounds, Dirty Rice, Macaroni & Cheese, Mashed Potatoes and Gravy, Cajun pintos, Green Beans, Cole Slaw, Pimento Cheese & Spread Tub |
| Beverages | Legendary Iced Tea, Pepsi, Diet Pepsi, Mtn Dew, Diet Mtn Dew, Mtn Dew southern shock, Sierra Mist, Tropicana pink Lemonade, White Milk (low-fat), Chocolate Milk (low-fat), Simply orange, Premium Coffee |
| Sweets | Bo-Berry, Cinnamon |
| Extras | Bo’s special sauce, Honey Mustard, Ranch, BBQ sauce |
Locations
As per December 2022 the number of Bojangles locations are 789 in 14 States. They have franchised as well as company-owned locations, the franchised locations are 391 in number and 263 company-owned, their locations are mainly across the Southeast.
- North Carolina has 340 stores for every 30,847, which is about 43% of the total number of Stores.
- South Carolina has 142 stores for every 36,261, which is about 18% of the total number of Stores.
- Georgia has 104 stores for every 102,087, which is about 13% of total number of Stores.
Application
Bojangles provide franchise after completing its online process, if you are interested in setting up a Bojangles store,
- You need to complete its Franchise application.
- Then you can submit your personal financials for evaluation.
- Acknowledge receipt & review, complete paperwork of business plan for evaluation also complete Pro Forma for evaluation.
- Complete a Market visit, at Bojangles support center attend discovery day and make your future plans clear.
- Sign & Submit your development agreement.
For further details visit https://www.bojangles.com
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Conclusion
Bojangles are looking for loyal owners in order to serve them in new markets. They have a long successful business history, and provide best support to its franchises on every step. They take people that have high gross annual sales. Their search stops near reliable franchisors that have mastered Cajun fried chicken.
The food and beverage industry is very vast and is expanding day by day, if you want to choose an ideal business then Bojangles is best for you. Their appetite for success and growth is all what you need, get started and brighten your business.
FAQ’s
Is Bojangles a Franchise?
Yes, Bojangles is a franchise, they started franchising in 1978.
How much is a Bojangles Franchise?
The beginning operation for Bojangles Franchise ranges from $1,906,400 to $3,020,750
Who owns Bojangles?
Jordan company durational Capital Management owns Bojangles.
Is Bojangles a Franchise profitable?
Yes it’s a profitable business, Bojangles franchise makes on average $425,719 in profits.
How much does a Bojangles Franchise owner make?
A Bojangles Franchise owner nearly makes $78,349 per year.
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