FRANCHISE·WATCH·DESK

DENNY'S vs Perkins Restaurants

Side-by-side figures from each brand's latest FDD Item 20 as we extracted them; verdicts are our opinion under the published methodology, and the source filing and year are on each brand's profile. Green marks the more favorable metric (lower for distress), not a recommendation to buy.

DENNY'S
Proven & steady
Perkins Restaurants
Proven & steady
Verdict
Units · latest run
-9.5% (2023–2025)
Net unit change
-7.9% (2021–2024)
Weak
Exit quality
Fair
Strong
Transfer / churn
Strong
0.5× expected (16 of 219)
SBA losses vs same-year loans
0.4× expected (4 of 67)
—
Distress
—
$30,000
Franchise fee
$40,000
$1.6M–$3.1M
Investment range
$1.3M–$3.6M
4.5%
Royalty
4%
Disclosed
Earnings (Item 19)
Disclosed

DENNY'S

Perkins Restaurants

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