If you're ever wondered if Waffle House is a publicly-traded company or if it's owned by a specific individual, you've come to the right place. In this article, we'll answer all the questions you may have about Waffle House stock. 

We'll also take a look at how profitable Waffle House is and where the original restaurant is located. 

Does Waffle House have stock? 

There is no Waffle House stock that you can invest in on publicly traded markets. Although they do not have stock that retail investors can own. Waffle House gives a unique opportunity to invest as long as you are working with them. This means that employees of the company are able to invest in Waffle House stock, benefiting from the business growth.

Is Waffle House public or private? 

Waffle House is a private company. This means that there is limited information available to the public about their financials and performance. Therefore it is difficult to pinpoint exactly how much the company is generating in revenues.

It is also difficult to tell exactly what kind of margins the company has, and its earnings.

Who owns Waffle House? 

The Waffle House company is owned by a man named Joe Rogers, Jr. He started the business with his father in 1955 and still retains a majority ownership stake in the company. 

Why did Waffle House decide to remain a private company? 

Joe Rogers, Jr. has said that the company remains private because it allows them to make decisions quickly without having to worry about shareholder approval. This also gives them more freedom when it comes to expansion as they don't have to franchise locations like many other chains do. 

Another reason why they might not want to go public is because of the increased scrutiny they would face from the media and government. This is something that many businesses try to avoid as it can be costly and time-consuming. 

Becoming a public company might not work for Waffle House because it removes a key reason for others to become associated with them. This exclusive opportunity to own shares helps the company grow through more locations. This is because there's an incentive for entrepreneurs to choose Waffle House over any other brand name. 

Will there ever be a Waffle House stock IPO?

At this point, it seems very unlikely that Waffle House will ever be a public company. Unless the company finds itself in a difficult financial situation and has to resort to public markets to raise capital or the current ownership needs liquidity.

Due to the low likelihood of any of these scenarios happening anytime soon, it is highly unlikely that we will ever see a Waffle House stock IPO.

How profitable is Waffle House?

Waffle House is a very profitable company. Here are some quick stats on their performance and quality as a business. 

  • Top 500 Year: 2020 
  • 2019 U.S. Sales: ($000,000) $1,344* 
  • YOY Sales Change: 3.4% 
  • 2019 U.S. Units: 1,959 
  • YOY Unit Change: 1.2% 

To summarize this data, it essentially shows that waffle house is a thriving business that has continued to grow year over year. The fact that the company's restaurants are open 24 hours / 365 days a week allows for a consistent stream of revenue. 

It allows them to gain profits by serving a captive audience day and night. It also becomes the customer’s number one choice, because they know it is always open.

How much does a Waffle House franchise cost? 

A Waffle House franchise requires a fee for franchising. Owning a franchise under the Waffle House name will set you back anywhere from $200,000 to $300,000. It's important to know that there can be more costs with owning a franchise beyond just the fee. It can reach up to $1 million when factoring in all costs associated with opening a Waffle House restaurant. 

Where is the original Waffle House located? 

The first Waffle House restaurant was opened in Avondale Estates, Georgia back in 1955. It is still open today and is considered a historic landmark by many fans of the chain. The building has been renovated and updated over the years, but it still retains its original charm. 

Is Waffle House only in Texas? 

No, Waffle House has locations in 25 states across the United States. They are most concentrated in the southeastern part of the country but have slowly been expanding to other areas as well. There are 1,616 companies under the Waffle House, Inc. corporate family. 

Why is Waffle House so popular? 

There are a few reasons why Waffle House is so popular. First, they have a unique menu that offers something for everyone. 

They're also open 24 hours a day, 365 days a year which makes them convenient for people who need to eat late or early. Finally, their prices are very reasonable and they offer good value for the money. These two aspects are what define Waffle House's moat.

Becoming profitable with influencers 

Celebrities have been seen frequently visiting the restaurant which is surprising as it is not known for a luxury feel. This shows that even though it's not as elegant, it's family-friendly and dependable no matter your social status. 

Southern hospitality 

Waffle House is a friendly place to dine during the day and attracts viral moments at night. This establishment is a prime example of Southern hospitality. They do this by cooking the food exactly how it's ordered. 

This allows for special customization that cannot be commonly seen in other restaurants. The fact that the restaurant is never closed attracts people from all walks of life. Whether you're an early-rising elder looking to get a fresh hot cup of coffee or a late-night partier searching for pancakes, Waffle House is the place to go. 


Unless you are in the position to work with the company directly, you cannot invest in Waffle House stock. But that does not mean that it will always remain that way. Waffle House is a popular restaurant chain and things might eventually change. It is possible that in the future there will be a Waffle House stock IPO, although it is unlikely.

They are a beloved franchise in the southeastern part of the U.S but their success might bring them nationwide within the next few years. Waffle House is an American Icon that does not offer easy access to equity ownership, but you can still enjoy their food and hospitality.

Image source: CNN