The 2026 Bojangles FDD moves the Item 7 estimated initial investment range from $2,796,870–$3,664,400 to $2,851,880–$3,951,200, and the system grows from 825 to 867 outlets (+5.1%) year-over-year. Both filings include an Item 19 financial performance representation.
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Low end of range | $2,796,870 | $2,851,880 | +$55,010 (+2.0%) |
| High end of range | $3,664,400 | $3,951,200 | +$286,800 (+7.8%) |
| Full range | $2,796,870–$3,664,400 | $2,851,880–$3,951,200 |
The 2026 filing puts the Item 7 estimated initial investment at $2,851,880–$3,951,200, against $2,796,870–$3,664,400 in the 2025 filing. The low end moves by +$55,010 (+2.0%) and the high end moves by +$286,800 (+7.8%), widening the band from $867,530 to $1,099,320.
2026 filing: The Item 7 investment range reflects full-size traditional Bojangles Restaurants. Estimates do not include real estate acquisition or leasehold costs. Separate incentives, rebates, and development options are described in Items 5 and 7. See Item 5 for details on incentive and reimbursement programs.
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Total outlets (Item 20) | 825 | 867 | +42 (+5.1%) |
| Franchised outlets | 559 | 591 | +32 (+5.7%) |
| Company-owned outlets | 266 | 276 | +10 |
| Openings during the year | 37 | 31 | −6 |
| Closures during the year | 5 | 4 | −1 |
Bojangles reports 867 outlets in the 2026 FDD, against 825 in the 2025 filing — a change of +42 (+5.1%).
Outlet counts as each filing states them — 2025: End of 2024 (most recently completed fiscal year in Item 20 tables) / As of December 29, 2024 for projections table; 2026: As of December 28, 2025. Outlet counts include all franchised and company-operated locations in the United States. Transfers for 2025 reflect significant activity in several states, as shown in the state-level outlet tables in Item 20.
Bojangles included an Item 19 financial performance representation in both the 2025 and 2026 filings. The 2026 filing discloses financial performance, broken out across 9 outlet segments for Fiscal Year 2025 (December 30, 2024 to December 28, 2025; 52 weeks).
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Standard royalty rate | 4% | 4% | unchanged |
The standard royalty rate holds at 4% of Gross Sales across both filings.
2025 filing: Royalty calculated on Gross Sales made during the preceding month; program-based reductions may apply for qualifying Development Incentive Program participants. 2026 filing: Reduced royalty rates may apply under the Development Incentive Program for Minorities, Women and Veterans for specified periods. See Item 5 for full incentive program details.