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Bojangles

Bojangles

The total investment to open a Bojangles franchise ranges from $248,000 to $1.9M. The initial franchise fee is $35,000. Ongoing royalties are 4% plus a 1% advertising fee.

What is the Bojangles franchise?

Bojangles operates in the limited service restaurant sector, where buyers must assess the financial commitment, operating requirements, and prospects for long term growth behind each brand. The Southern inspired quick service concept was founded in 1977 and established its headquarters in ATLANTA, GA. Its menu is rooted in scratch made biscuits and flavorful fried chicken. The source states that franchising operations began in 1960, before the formal Bojangles brand identity. Bojangles reports a total unit count of 40 and 64 franchised units, with no company owned locations. This pure franchise structure places expansion and local market development with franchisees. Bojangles competes in that market with a menu and regional identity aimed at customers seeking quick service and Southern comfort food flavors.

The U.S. quick service restaurant market generated over $390 billion in sales in 2023, and analysts project a compound annual growth rate of approximately 5 to 7 percent through 2028. Convenience continues to shape demand through drive thru service, takeout, digital ordering, and delivery platforms. Customers also seek value without giving up quality or taste. Breakfast remains a meaningful source of traffic as restaurant brands expand their morning offerings. Southern inspired comfort food adds another source of demand for concepts with a clear regional identity. The sector includes national chains and specialized regional operators, so performance depends on a clear value proposition, efficient operations, and the ability to respond to changing customer preferences. For franchise buyers, the market offers established operating models, brand recognition, and room for growth, while competition remains intense. Bojangles brings its menu and operating history into this market as it seeks to build share in a resilient and expanding category.

The initial investment for a Bojangles franchise ranges from $248,000 to $1.87 million. The range reflects differences in site selection and acquisition, real estate values, market demand, and the format of the restaurant. Investment categories generally include site improvements, building construction or leasehold improvements, kitchen equipment, signage, opening food and supply inventory, grand opening marketing, and working capital for early operating expenses. The higher end may apply to larger locations, ground up construction in prime real estate markets, or more extensive technology integration. Specific figures for the franchise fee, royalty fees, and advertising fund contributions are not disclosed in the current FDD. Buyers should account for ongoing fees customary in the limited service restaurant sector, since those costs support brand infrastructure, marketing, and continuing system development. The franchise agreement has a 10 year term, giving an operator time to establish the business, build equity, and pursue a return on the investment. Renewal depends on performance and compliance with brand standards.

A Bojangles restaurant centers on preparing and serving scratch made biscuits, fried chicken, and signature iced tea across breakfast, lunch, and dinner. The usual format includes a prominent drive thru, a dining area, and takeout service. A typical location might employ 20 to 40 people, including a general manager, assistant managers, and full time and part time crew members handling preparation, customer service, and cleanliness. Staffing varies with sales volume and operating hours. Bojangles, headquartered in ATLANTA, GA, provides training for new franchisees and management teams. Training generally addresses food safety, preparation methods, customer service, inventory management, and local marketing. Ongoing corporate support may include field visits from franchise business consultants, proprietary operating manuals, marketing guidance, and supply chain assistance intended to support product consistency and cost efficiency. Territories are generally structured around a defined operating area to limit internal competition and support market development. Multi unit requirements or opportunities may be available for experienced operators seeking to expand within a region through centralized management and scale.

PeerSense assigns Bojangles a Loan Activity Score of 45, categorized as Fair. The score uses a proprietary methodology that considers franchisee satisfaction, system growth, and operating support. A Fair rating indicates a stable operating environment that generally meets expectations without significant red flags, although it does not place the brand in the top tier. Similar limited service chicken and biscuit concepts can provide useful industry benchmarks. Buyers should consult a franchise attorney and accountant and speak directly with current Bojangles franchisees about their financial experience and daily operations.

Founded in 1977, Bojangles has continued to adapt its concept while retaining its core menu. The brand reports 40 total units and 64 franchised units, including 0 company owned units. That structure reflects an asset light expansion approach built around local operators. Specific net new unit counts for recent periods are not disclosed, but the brand continues to develop in its core Southern markets and move into new territories. Its market activity follows major quick service trends such as digital transformation, menu innovation, and improvements to customer experience. The brand’s main points of distinction are its made from scratch buttermilk biscuits, flavorful fried chicken, and legendary iced tea. The menu and quality positioning help separate Bojangles from more generic fast food choices and support customer loyalty. Its established drive thru model and increased focus on digital ordering also fit current customer habits. The brand’s presence since 1977 reflects an ability to adjust its operations and menu as tastes and demand change.

Bojangles does not publicly disclose specific requirements for liquid capital or net worth. Candidates generally bring entrepreneurial drive, business experience, and a record of managing multiple units, preferably in restaurants or retail. The brand values leadership, knowledge of local markets, customer service, and the ability to manage diverse teams through complex operating issues. Buyers also need financial strength to support the initial investment of $248,000 to $1.87 million and enough working capital for the early operating period. Bojangles often seeks multi unit operators who can develop several locations within a defined territory. Territories are typically concentrated in the Southeastern United States while expanding into underserved markets where the brand can establish a presence. The period from signing a franchise agreement to opening a restaurant may range from 12 to 24 months, depending on site selection, permitting, construction, and training. The franchise agreement runs for 10 years, with renewal opportunities based on performance and compliance with system standards.

Its signature biscuits, fried chicken, and iced tea give the brand a defined position within the limited service restaurant market. The initial investment ranges from $248,000 to $1.87 million, and the agreement term is 10 years. PeerSense assigns the brand a Loan Activity Score of 45, categorized as Fair. Buyers should weigh the investment range, operating demands, territory plan, support structure, and competitive conditions alongside the broader market opportunity. A review of the franchise documents, professional advice from a franchise attorney and accountant, and conversations with current franchisees can help a buyer evaluate whether the concept fits the intended market, experience, and financial capacity.

Loan Activity Score

45/100

SBA Default Rate

6.5%

Active Lenders

33

According to its Franchise Disclosure Document or public business records, Bojangles has 65 locations, all owned by franchisees. Public SBA loan records show 33 lenders made 77 loans to franchisees of Bojangles. PeerSense calculates Bojangles's score as 45 out of 100, using public SBA loan performance and recent lending activity. Cost figures are based on the 2025 Franchise Disclosure Document.

Franchising since 1977 · 65 locations

Investment

$248,000 to $1.9M

Franchise Fee

$35,000

Total Units

65

65 franchised

Loan Activity Score
Very high
45
SBA Lending
17
Lender Quality
7
Transparency
11
Reach
7
Momentum
3

Proprietary PeerSense metric

Fair
Capital Partners
33SBA lenders

Distinct lenders in public SBA records for Bojangles

77

Total SBA loans

$982K

Average loan size

Source: public SBA 7(a) and 504 loan records through December 31, 2025

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SBA Lending Activity for Bojangles

Loan Activity Score Breakdown

Established (25 to 99 loans)

Very High Confidence
45out of 100
Fair
Market Momentum3/35

Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.

Loan Safety17/25

Blended default rate (recent + all time) compared to NAICS sector peers.

Lender Confidence7/15

Quality lenders actively backing this brand, with penalty for lender pullback.

Transparency11/15

FDD availability, Item 19 disclosure, and overall data completeness.

Footprint7/10

Geographic spread of SBA funded locations across states.

SBA Lending Performance

SBA Default Rate

6.5%

vs 10.3% peer avg

SBA Loans

77

Total Volume

$75.6M

Active Lenders

33

3 selective

States

13

vs. SBA Sector Average

+3.8%lower default rate

SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors

Key Highlights

Low SBA default rate (6.5%)
Item 19 financial data disclosed

Data Insights

Key performance metrics for Bojangles based on SBA lending data

SBA Default Rate

6.5%

3.8% below peer avg

SBA Loan Volume

77 loans

Across 33 lenders

Lender Diversity

33 lenders

Avg 2.3 loans per lender

Investment Tier

Premium investment

$248,000 to $1,870,120 total

Bojangles: Deep SBA Data

Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.

Peak SBA Year

2014

9 approvals. The best year on record for Bojangles.

Top SBA State

Georgia

33 SBA financed Bojangles locations, the densest operator footprint.

Average Loan Size

$982K

Median $1.0M. Use as a sizing anchor when modeling your own Bojangles unit.

Lender Concentration

35.1%

Moderately Spread

Share of Bojangles approvals captured by the top 3 SBA lenders.

Bojangles's SBA lending pipeline peaked in 2014 (9 approvals). The last five fiscal years account for 16% of cumulative volume ($22M approved). Operator density is highest in Georgia with 33 SBA financed locations. Average funded ticket sits at $982K, with the median at $1.0M. Lender mix is moderately spread: the top three SBA lenders account for 35.1% of approvals. Meaningful choice exists, but specific lenders carry the brand.

Payment Estimator

Loan Amount$198K
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$2,567

Principal & Interest only

Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.

Locations

Bojangles, unit breakdown

Total Units
N/A
Franchisee Owned
n/a
System Owned
n/a
Closed
n/a

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5 FDDs Available for Bojangles

Review franchise fees, investment ranges, royalties, Item 19 financial data, and year over year trends. Request complimentary access through your PeerSense funding advisor.

Bojangles

Page Review

Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense

  • PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
  • Edward L. Freeman founded PeerSense in January 2020.
  • He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
  • His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
  • In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page

Last reviewed LinkedIn profileAbout Edward Freeman