We use a franchising strategy to increase new restaurant growth, leveraging the ownership of entrepreneurs with specific local market expertise and requiring a relatively minimal capital commitment by us. As of December 31, 2017, we had approximately 90 franchise entities that operated 439 restaurants. Our franchisees range in size from single-restaurant operators to the largest franchisee, which operated 66 restaurants as of December 31, 2017. Our existing franchise base consists of many successful, longstanding restaurant operators, 58 of which operate multiple restaurants. As of December 31, 2017, our franchisees operated restaurants in 38 DMAs. Of our franchised restaurants, 401 were owned and operated by franchisees that have been with us for more than five years, some of which have developed franchised restaurants as part of multi-unit, multi-year development agreements. In addition, many of our existing franchisees continue to develop restaurants without development agreements. We also support our growth by attracting highly qualified and experienced new franchisees. We will continue to recruit new franchisees who we believe are capable of successful multi-unit development. We believe the revenues generated from our franchise base including royalty revenues, have historically served as an important source of stable and recurring cash flows to us and, as such, we plan to expand our base of franchised restaurants. We expect franchise development, which may also include refranchising some areas outside of our core North Carolina and South Carolina markets, will continue to lead our expansion efforts.
Company profile
Ticker
BOJA
Exchange
Website
CEO
James Randy Kibler
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Latest filings (excl ownership)
15-12B
Securities registration termination
7 Feb 19
EFFECT
Notice of effectiveness
6 Feb 19
S-8 POS
Registration of securities for employees (post-effective amendment)
28 Jan 19
POS AM
Prospectus update (post-effective amendment)
28 Jan 19
8-K
Termination of a Material Definitive Agreement
28 Jan 19
25-NSE
Exchange delisting
28 Jan 19
8-K
Bojangles’, Inc. Stockholders Approve Acquisition by
10 Jan 19
DEFA14A
Additional proxy soliciting materials
31 Dec 18
8-K
Other Events
31 Dec 18
DEFA14A
Additional proxy soliciting materials
12 Dec 18
Latest ownership filings
SC 13G/A
Bojangles', Inc.
29 Jan 19
4
INTERNATIONAL CORP/MA ADVENT
28 Jan 19
4
Steven M Tadler
28 Jan 19
4
INTERNATIONAL CORP/MA ADVENT
28 Jan 19
4
James R. Kibler
28 Jan 19
4
Tommy L Haddock
28 Jan 19
4
Jayson Romeo
28 Jan 19
4
Steven J Collins
28 Jan 19
4
John Currie
28 Jan 19
4
ROBERT F HULL JR
28 Jan 19
Institutional ownership, Q3 2021
13F holders | Current |
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Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0.00 |
Total shares | 0.00 |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
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