Ricky's vs Perkins Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Ricky's vs Perkins including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Ricky's Franchise
Perkins Franchise
Investment $800,000 - $950,000$1,557,975 - $2,742,975
Franchise Fee $45,000$40,000
Royalty Fee 4.5%4%
Advertising Fee 3%-
Year Founded 19601958
Year Franchised 19781958
Term Of Agreement -20 years
Term Of Agreement -20 years
Renewal Fee -$5000-$7500


Business Experience Requirements
 
Ricky's Franchise
Perkins Franchise
Experience --

Financing Options
 
Ricky's Franchise
Perkins Franchise
  In-House/3rd PartyIn-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
 
Ricky's Franchise
Perkins Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Ricky's Franchise
Perkins Franchise
US Expansion --
Canada Expansion YesNo
International Expansion NoNo

Company Overviews

About Ricky's

RICKYS ALL DAY GRILL is a mid-scale restaurant/lounge concept featuring high quality Breakfast Plates, plus an Extensive Lunch and Dinner Menu showcasing ribs, chicken, pastas, steaks, burgers, and home-style favourites. It's dynamic, stylized decor theme makes all age groups comfortable in this 3 day part concept with full bar. Ricky's has a proven track record in providing key site selection, construction, comprehensive training, ongoing operation support and marketing programs.

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).