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Bojangles franchise financing options

Compare costs, fees and where to get financing for a Bojangles.

Editor's choice: OnDeck business lines of credit

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  • Business loan amounts up to $250k
  • Repayment terms up to 18 months
  • $100k in annual revenue required
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Rhys Subitch
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Overall costs for Bojangles run anywhere from $1,304,255 to $2,318,200. See how the costs break down and what funding options might be right for your new venture into the franchise foray.

Estimated initial costs

Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Bojangles franchise may result in higher or lower fees.

Franchise fees

Bojangles franchise fees total around $15,000, which beats out the $37,000 average for the 200 largest franchises nationwide.
Franchise Cost
Initial franchise fee $15,000 to $15,000
Royalty 4% of total monthly gross sales.
Estimated total $15,000 to $15,000

Equipment fees

Equipment fees total $235,000 for Bojangles. This costs more than the $180,023 average for the top 200 franchises.
Equipment Cost
Equipment, furniture, signage and fixtures $150,000 to $320,000
Estimated total $150,000 to $320,000

Real estate fees

Real estate will set you back $1,380,050 for Bojangles, which is more expensive than the average of $788,376 for the top 200 franchises.
Real estate Cost
Site selection $100 to $10,000
Building $730,000 to $870,000
Site work $310,000 to $840,000
Estimated total $1,040,100 to $1,720,000

Training fees

Bojangles initial training costs total $48,500 — more than the nationwide average of $9,788.
Training Cost
Pre-opening salaries, travel and living expenses during initial training $33,000 to $64,000
Estimated total $33,000 to $64,000

Inventory costs

Initial inventory for Bojangles shakes out to $6,178. This is less than the nationwide average of $53,119.
Inventory Cost
Initial inventory $4,655 to $7,700
Estimated total $4,655 to $7,700

Licenses and permits costs

Bojangles initial licenses and permits will set you back $8,250. This comes out to less than $18,770 — the overall nationwide average.
Licenses and permits Cost
Utility deposits and business licenses $2,500 to $14,000
Estimated total $2,500 to $14,000

Insurance costs

Initial insurance costs for Bojangles run $5,750. This means you'll be paying less than the overall nationwide average of $6,311.
Insurance Cost
Insurance $4,000 to $7,500
Estimated total $4,000 to $7,500

Other expenses

Miscellaneous expenses for Bojangles total $112,500 — more than the nationwide average of $69,970.
Other Cost
Soft costs $50,000 to $120,000
Three months' additional funds $5,000 to $50,000
Estimated total $55,000 to $170,000
All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2021.

How to finance

Since the estimated total for Bojangles is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Bojangles franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Bojangles about in-house financing for franchisees.
  3. If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $1,811,228 estimated opening costs.
  4. Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
  5. Once you settle on a lender, gather all required documents, including account statements and assets.
  6. Apply for financing online or in person as required by the lender.

What types of financing is available?

You have several options when it comes to financing a Bojangles — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
  • Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
  • Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Bojangles opening costs.
  • SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Also check if Bojangles franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.

Compare small business lenders

You may not need financing to cover the estimated $1,304,255. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
Data updated regularly
Name Product Filter Values Min. Amount Max. Amount Requirements
Fora Financial business loans
Fora Financial business loans
$5,000
$500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.
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More Info
Lendio business loans
Lendio business loans
$500
$5,000,000
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
Go to site
More Info
OnDeck short-term loans
OnDeck short-term loans
$5,000
$250,000
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
Go to site
More Info
National Funding business loans
National Funding business loans
$5,000
$500,000
Be in business at least one year and make at least $150,000 in annual sales. Other loan types have additional requirements.
Working capital loans and equipment financing, some high-risk industries may be eligible.
Go to site
More Info
Fundbox lines of credit
Fundbox lines of credit
$1,000
$150,000
6 + months in business, $100,000+ in annual revenue, 600+ credit score
Get flat rate, short-term financing based on the financial health of your business, not your credit score.
Go to site
More Info
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How Bojangles stacks up

Compare how Bojangles holds up against two similarly sized franchises.
Rooter-Man Bojangles Caribou Coffee
Average Franchise fees $21,863 $15,000 $18,750
Average Equipment fees $37,500 $235,000 $167,448
Average Real estate fees $700 $1,380,050 $280,250
Average Training fees $975 $48,500 $7,750
Average Inventory fees $2,000 $6,178 $14,000
Average Marketing fees $2,500 NA $11,250
Average Licenses and permits fees $750 $8,250 NA
Average Insurance fees $2,500 $5,750 NA
Average Admin fees NA NA $9,970
Average Personnel fees NA NA NA
Average Other fees $17,750 $112,500 $72,500

Bottom line

Bojangles franchise costs run a total of $1,811,228. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.

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