Bojangles franchise

Hassle-free business loans to start your Bojangles franchise.

Bojangles is a fast-food restaurant chain famous for its chicken and biscuits menu. Mainly centered in the Southeast and started as a neighborhood space for friends and family to meet, the brand has now become the leader in the chicken franchise industry. Apart from being one of the most well-known companies in the fast-food sector, what may make Bojangles’ Famous Chicken ‘n Biscuits a terrific franchise opportunity is its limitless number of loyal customers.

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Bojangles business details

Bojangles was founded in 1977 in Charlotte, North Carolina. The company began franchising in 1978 and has since grown to more than 800 locations in the US, including +400 operated by franchisees

Bojangles at a glance:

  • Stores: 800+
  • Required investor net worth: $1,000,000
  • Required investor liquid cash: $500,000 
  • Minimum investment: $2,250,000*
  • Maximum investment: $3,350,000*

*(Traditional restaurant)

Can I start a Bojangles franchise?

You are able to open a Bojangles franchise if you can meet their franchisee criteria. The brand requires franchisees to have a net worth of over $1,000,000 and hold $500,000 or more in liquid assets. They also require the franchisee to be a corporation, or an LLC composed of no more than six shareholders/members who are natural persons and not corporations, LLCs, or other legal entities. 

Bojangles do not require franchise investors to run day-to-day business operations, but the franchised restaurant must always be under the direct, on-premises supervision of a manager who has satisfactorily completed the Bojangles training program. This makes the brand a good opportunity for investors seeking passive involvement in a successful hospitality business.

How much does a Bojangles franchise cost?

Opening a new Bojangles franchise is not cheap. Depending on location, size of your restaurant, the complexities of construction, the size of your team, and many other variable factors, costs for a traditional restaurant can range from $2,250,000 up to $3,500,000, or $600,000 to $1,500,000 for a smaller Express location.

After opening, you will be required to pay a range of ongoing fees and charges, including:

  • Royalty fee: 4% of gross monthly sales, (5% if the restaurant has been acquired under a re-franchising agreement)
  • Marketing development fund: 1% of sales
  • Local marketing fee: 3% of sales
  • Co-operative advertising fee: 2% of sales
  • Advertising technology fee: $125 per month per location.

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Estimated key costs to open a Bojangles franchise (new store):

Key Costs GuideLowHigh
Franchise fee$35,000$35,000
Site selection$100$10,000
Site work – ground preparation, permits, etc.$485,000$975,000
Building construction$950,000$1,300,000
Soft costs$85,000$200,000
Opening inventory$15,000$30,000
Insurance$5,000$10,000
Equipment, furniture, signage, etc.$575,000$750,000

Do Bojangles offer discounted franchises for veterans?

Yes. Veterans, women and minority investors can receive a 50% discount on their initial franchise fee, plus a reduced royalty fee for their first three years in business.

Are Bojangles franchises profitable?

Location, type of restaurant (traditional or Express), operating costs, and seasonal effects can greatly impact the turnover of a Bojangles franchise. According to external research, in 2021, across all franchise restaurants in the US, the brand delivered gross sales that ranged from $590,000 to $6,000,000. The chain has a typical profit margin within the fast-food industry, with profits in the 10 – 15% range (before taxes and depreciation), giving an average of 11 years to pay back the median initial franchise investment.

What is the failure rate for a Bojangles franchise?

Very low. The brand finished 2022 on a high and has been undergoing a rapid expansion throughout 2023. In December 2022 there were a further 230 restaurant developments in the pipeline.

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Why should you start a Bojangles franchise?

Bojangles’ Famous Chicken ‘n Biscuits operates a successful and well-thought-out model that attempts to stay ahead of its competitors. The franchise emphasizes making strong sales during all three parts of the day. By starting this franchise, you could join a business that has built a reputation of franchise support and cooperation over more than forty years. 

What are the franchise territory policies for Bojangles?

Franchisees receive the right to establish one restaurant in a specific location, but they will not receive any protected territory around that location.

What franchise resources does Bojangles offer?

Bojangles provide comprehensive support to their franchisees. Available resources include:

  • Marketing support: Franchisees can benefit from a coordinated national and local advertising program, plus online, email and social media marketing support.
  • Flexible store designs: Bojangles operate two store sizes and designs. These are their smaller Express take-out locations and their traditional eat-in restaurants. 
  • Comprehensive training: Bojangles currently provides training in its company-operated restaurants and its training center (known as Bojangles University or Bo-U) located in Charlotte, North Carolina. The initial training program for the managing owner and principal operating officer or partner shall be no less than 13 weeks for a highly experienced individual in the quick service restaurant industry and up to 26 weeks at the franchisor’s discretion. 
  • Third-party financing: Bojangles do not provide franchise funding to cover fees and restaurant set-up costs. Instead, you must seek funding from independent lenders who specialize in business loans to franchise start-ups.
  • Site selection and construction: Bojangles franchisees get site selection support to identify the right store location in terms of traffic and competition. The brand can also help you with lease negotiation, store design and build out.

What is the process for starting a Bojangles franchise?

It begins with an initial application, which you can start here. If your business plan, net worth, and available liquid capital match the brand’s requirements, (and you can launch a restaurant in their available locations), you may qualify to open a Bojangles’ Famous Chicken ‘n Biscuits franchise. After receiving approval, get started with an initial investment, followed by a period of intensive training.

Secure franchise funding with Swoop

Starting a new franchise can be an exciting opportunity, but it’s easy to get lost in a maze of business loan applications that make funding your new fast-food restaurant a slow and tedious business. Instead, cut out the hassle and cut to the chase. Swoop has the best lenders for the best franchises across the US. Just tell us what you need and leave the rest to us.

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Testimonials

Written by

Chris Godfrey

Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more than twenty-five years. Writing for Wells Fargo Bank, Visa, Experian, Ebay, Flywire, insurers and pension funds, his words have appeared online and in print to inform, entertain and explain the complex world of US consumer and business finance.

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At Swoop we want to make it easy for SMEs to understand the sometimes overwhelming world of business finance and insurance. Our goal is simple – to distill complex topics, unravel jargon, offer transparent and impartial information, and empower businesses to make smart financial decisions with confidence.

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Article sources
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Swoop requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.

Bojangles: https://www.bojanglesfranchising.com/

Profitability: https://www.vettedbiz.com/bojangles-franchise/

Failure rate: https://www.qsrmagazine.com/news/bojangles-gets-hot-start-2023

Discounted franchise fees: https://www.bojanglesfranchising.com/franchise-incentive-programs/

Independent funders: https://swoopfunding.com/us/blog/funding-your-franchise-a-guide-for-franchisees/

Franchise funding: https://swoopfunding.com/us/blog/funding-your-franchise-a-guide-for-franchisees/

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