• Last Year Rank: 175
  • Investment Range: $1,530,400 - $2,499,390
  • Initial Investment: $40,000
  • Category: Restaurant
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Company Description

Perkins began life in 1957 as Smithies Pancake House, founded by Matt and Ivan Perkins in 1957. It began franchising in 1958 and became Perkins Cake & Steak in 1969. The in-store bakery, a hallmark of the brand, was introduced in 1986.

The company was acquired out of bankruptcy in 2019 by HuddleHouse, a fellow fast-casual dining chain. Both are owned by Ascent Hospitality Management, in turn owned by Elysium Management, a family office for private equity mogul Leon Black. 

Perkins and HuddleHouse share a headquarters in Atlanta.

Company Statistics

  • Global Sales: $518,297,412
  • US Units: 278
  • International Units: 7
  • Total Units: 285
  • Percent Franchised: 71%
  • % International Units: 2%
  • US Franchised Units: 195
  • International Franchised Units: 7
  • Sales Growth %: 52.5%
  • Unit Growth %: -1.4%