Perkins vs Cool Hand Luke's Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Perkins vs Cool Hand Luke's including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$1,557,975 - $2,742,975 | $373,000 - $1,817,500 |
Franchise Fee |
$40,000 | $50,000 |
Royalty Fee |
4% | - |
Advertising Fee |
- | - |
Year Founded |
1958 | 2004 |
Year Franchised |
1958 | 2005 |
Term Of Agreement |
20 years | - |
Term Of Agreement |
20 years | - |
Renewal Fee |
$5000-$7500 | - |
Business Experience Requirements |
Experience |
- | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
No/No | -/- |
Start-up Costs |
No/No | -/- |
Equipment |
No/No | -/- |
Inventory |
No/No | -/- |
Receivables |
No/No | -/- |
Payroll |
No/No | -/- |
Training & Support |
Training |
- | - |
Support |
- | - |
Marketing |
- | - |
Operations |
- | - |
Expansion Plans |
US Expansion |
- | - |
Canada Expansion |
No | - |
International Expansion |
No | - |
Company Overviews
About Perkins
In today’s market, the opportunity to buy a Perkins® restaurant franchise business couldn’t be better for experienced restaurateurs interested in aligning with a concept that has withstood the test of time. Now more than ever, restaurant customers are looking for value without sacrificing selection and taste. A top leader in the family restaurant dining segment since 1958, Perkins offers high quality, flavorful and affordable menu options for breakfast, lunch, and dinner and snack. With more than 440 units across the U.S. and Canada, the heritage of the Perkins brand and the ability to adapt to current consumer trends have placed it among the top performing companies in the family restaurant franchise segment.
It’s time to take a fresh look at Perkins Restaurants. Find out how you can own one of the best family restaurant franchises in the business, and deliver the Perkins experience to loyal diners, through single-unit operations and multi-unit ownership franchise opportunities. Perkins gives you the chance to bring comfort, value, and great taste to your community - not to mention solid growth potential to your own career in foodservice.
Perkins has a vision for the future, and wants you to be part of it: our goal is to continue to offer great food and memorable dining experiences to guests across the continent!
Join Perkins and leverage our name, our established systems, and our special recipes - all while pleasing your guests and charting your future in the industry.
The total investment necessary to begin operation of a Perkins
Restaurant and Bakery franchise is $1,557,975 - $2,742,975. This
includes the $50,000 initial fee paid to the franchisor (unless you are
participating in the Refranchising Program). Under the Company
Restaurant Refranchising Program, in which an existing company-owned
restaurant is transferred to a franchisee, the initial franchise fee is
negotiable and will vary in amount depending on, among other things, the
length of the franchise term and the profitability of the restaurant
(additional information about the Refranchising Program is provided in
the Disclosure Document).
In addition, if you sign a Development
Agreement for three or more restaurants, the initial franchise fee is
$40,000 for the first restaurant, $35,000 for the second restaurant and
$30,000 for the third and any subsequent restaurant(s).
About Cool Hand Luke's
Cool Hand Luke’s Steakhouse and Saloon opened its first location in Clovis Ca. in Dec. 2004. From the very beginning the locals named it the "Coolest joint in town" Since then we have expanded to 11 other units in California and one in Eagle Idaho. What makes us unique is our hand cut marinated steaks that come directly from our own Meat Company.
Project Expansion
We are looking for qualified franchisees to expand into new frontiers. Current Opportunity exists in the San Diego and Los Angeles Ca. area. Our Western Themed Wild West Grill offers communities an opportunity to "Step back in time and enjoy a unique dining experience with extraordinary value. Franchise Support
Cool Hand Luke’s Steakhouse and Saloon is part of a family of Brands that dates back to 1964. With decades of experience behind us and the future before us, the Dynaco team will join forces with you to build your business on a solid foundation. Our team will assist you from the beginning steps including site selection, plan design, thru training and opening your restaurant. We offer a offer comprehensive training program and ongoing evaluation and support to ensure your success.
Every decision made by the parent Company is made with the franchisee in mind. Food development, cost control, and expense management are handled by the President, senior staff and our franchise board. Knowing how important communication is to the success of a company, we hold various meetings throughout the year with franchise owners and our staff to discuss marketing, research and development, networking and many other issues related to our business. We come together as a team to plan, brainstorm, and guide our company to the future.