How to open a Popeyes Louisiana Kitchen franchise?
- Ensure you have adequate capitalization. In order to open a Popeyes Louisiana Kitchen franchise, you must have a net worth of more than $383,000.
- Appreciate the investment required for a restaurant franchise. ...
- Evaluate your prior experience and strengths. ...
- Assess market availability. ...
- Submit your application. ...
- Receive approval & opening your Popeyes Louisiana Kitchen franchise. ...
Full Answer
How much does it cost to open a Popeyes franchise?
To be able to operate under the company’s name, you should first settle the Popeyes franchise startup fee. The cost, regardless of the type of store, is $50,000. The franchise fee is a one-time payment. You need to settle it upon signing the agreement with the company.
What is the real cost of owning a franchise?
“The company asks for as little as $10,000 for a franchise fee and pays for the land, construction, and equipment of the franchise outlet, which it then rents out to the franchise at 15% of its gross sales plus 50% of profit before tax.” In contrast, McDonald’s would cost you $1 million to start a franchise.
What are the pros and cons of buying a franchise?
The Pros and Cons of Buying a Franchise: Is it Right for You?
- Advantages of Franchising. Advantage 1: Explore a New Career, Work in a New Industry! ...
- Disadvantages of Franchising. Depending on which franchise you choose to invest in, the initial investment can be hefty, especially for big-name franchises.
- Overlooked Realities of Franchising. ...
- Advantages and Disadvantages of Buying a Franchise. ...
Who owns Popeyes brand?
- Yum Brands. Yum Brands owns KFC, Pizza Hut, and Taco Bell. ...
- Restaurant Brands International. Restaurant Brands International is the parent company of Burger King, Tim Hortons, and Popeyes. ...
- Darden Restaurants. ...
- JAB Holding. ...
- Focus Brands. ...
- Inspire Brands. ...
- Bloomin' Brands. ...
- Brinker International. ...
- Golden Gate Capital. ...
- Jollibee Foods Corporation. ...
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How much does it cost to buy a Popeyes franchise?
The initial franchise fee for a Popeyes restaurant is $50,000 and the total estimated investment per location is between $235,000 and $454,000.
How much does a Popeyes franchise owner make?
How Much Profit Does Popeyes Franchise Make Per Year? The average operating profits per store was $312,782 according to the Popeyes FDD (franchise disclosure document). This number reflects the profit before taking tax, fees, and interest on debt into consideration.
Does Popeyes do franchise?
At Popeyes, we offer franchisees the opportunity to run your own business while serving America's favorite fried chicken! Strong restaurant sales growth versus competitors. Over 2,700 stores across North America with significant opportunities for growth.
What is Popeyes royalty fee?
5%$3,545,800Type of FeeAmountRoyalty5% of gross sales.Advertising Contribution4% of gross sales.Advertising Co-opCurrently, 0.5% to 1.75% of gross sales as established by local advertising co-op.Additional Ordering System / Additional Digital System (Consumer Ordering Technology Fee)1% of digital sales.27 more rows
What franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How much is a KFC franchise?
For non-traditional KFC outlets, KFC charges an initial license fee of $22,500. For traditional KFC franchise agreements, the franchise (or initial license) fee is $45,000 split into the deposit fee and the option fee.
Who owns Popeyes franchise?
Restaurant Brands InternationalPopeyes / Parent organizationRestaurant Brands International Inc. is a Canadian-American multinational fast food holding company. Wikipedia
How much is a Starbucks franchise?
What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.
How much does a McDonald's franchise cost?
McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500. Existing franchise prices can cost upwards of $1 million or more.
Are Popeyes individually owned?
As of 2021, Popeyes has 3,705 restaurants, which are located in more than 46 states and the District of Columbia, Puerto Rico, and 30 countries worldwide. About 50 locations are company-owned; the vast remainder are franchised.
What is the number one chicken chain in America?
Chick-fil-AThe QSR 50 Chicken Segmentcategory rankqsr 50 rankcompany13Chick-fil-A213KFC319Popeyes Louisiana Kitchen425Zaxby's5 more rows
How much does a Taco Bell franchise cost?
Total cost: A standalone Taco Bell franchise location is estimated to cost between $1.2 million and $2.6 million, exclusive of land and lease costs. Initial investment: Initial investments will vary significantly based on your location and the type of restaurant.
How much does a Subway owner make a year?
The average salary for an Owner is $122,022 per year in United States, which is 35% higher than the average Subway salary of $90,272 per year for this job.
How much money does chick-fil-a make a year?
Atlanta-based quick service restaurant chain Chick-fil-A reported record revenues in 2021 amounting to 5.8 billion U.S. dollars worldwide, an increase of 1.5 billion U.S. dollars from the previous year. The restaurant chain's revenue reflected a year-over-year growth over the past five years.
How much is a Starbucks franchise?
What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.
Who owns the Popeyes franchise?
Restaurant Brands InternationalPopeyes / Parent organizationRestaurant Brands International Inc. is a Canadian-American multinational fast food holding company. Wikipedia
When did Popeyes Chicken and Biscuits start?
Popeyes Chicken & Biscuits Franchise Information: Love That Chicken®. The Popeyes story began in New Orleans back in 1972, with one restaurant and a commitment to quality and service, thirty-five years later, Popeyes Chicken & Biscuits is the 2nd largest quick-serve chicken concept with over 1800 restaurants worldwide and millions ...
Is Popeyes a franchise?
Many of Popeyes franchisees started out as loyal customers. Is it the food? Is it the opportunity? Is it the results? The answers are yes, yes and yes!
Is Popeyes accepting inquiries from Canada?
Popeyes is also currently accepting inquiries from Canada.
Background
The fast food industry is a billion dollar business that is responsible for hundreds of thousands of jobs. America's quick service restaurants (QSRs) are some of the most beloved and recognizable in the world.
Support and Training Offered By Popeyes
Proven operational and marketing systems Dedicated regional operations and marketing support Proven local and regional advertising expertise Available multi-unit opportunities Management training programs Standardized and alternative restaurant design concepts including: freestanding, endcap, in-line, malls, walk-up, contract food service, etc. Site selection, development, design and construction support Specialized and dedicated restaurant opening support and training.
Franchises Similar to Popeyes
The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.
What is a Popeyes franchise?
is the franchisor. The franchisor is an indirect subsidiary of Restaurant Brands International Limited Partnership. Popeyes restaurants are quick service restaurants offering a limited menu of lunch and dinner products, and in certain restaurants approved by the franchisor, breakfast products. Popeyes distinguishes itself with a unique “Louisiana” style menu that features spicy chicken, chicken tenders, biscuits, fried shrimp and other seafood, red beans and rice and other quick-service menu items. Popeyes restaurants are located in many different communities and different locations within communities including free-standing buildings, store-front locations, and mall locations, in urban and suburban locations. Popeyes restaurants may feature a walk-in format, drive-thru, sit-down, takeout, delivery, or some combination of these types.
What is a protected area in a Popeyes franchise?
The protected area will consist of an area equal to the lesser of: (1) a 1-mile radius around the franchised restaurant; or (2) an area surrounding the franchised restaurant encompassing a population (residential and workplace combined) of 50,000 people. The limited exclusivity granted in the protected area does not apply to: (a) existing Popeyes restaurants, (b) any closed Popeyes restaurants that may re-open within three years from the closing date of such restaurant; and (c) restaurants for which Franchise Agreements were previously granted. The franchisor has the right periodically to reduce or modify the protected area to reflect population shifts. However, if less than a 1-mile radius, the protected area always will include a population of at least 50,000 people.
How long is a franchise agreement?
Term of Agreement and Renewal: The length of the initial franchise term is 20 years from the date of commencement of operation of the franchised restaurant (shorter franchise term available for certain sites). One renewal term of 10 years, subject to contractual requirements is available, as well as an option to purchase up to one additional 10 year “Supplemental Renewal Term.” There is no renewal option if franchisees operate a delivery restaurant.
What is the menu at Popeyes?
Popeyes distinguishes itself with a unique “Louisiana” style menu that features spicy chicken, chicken tenders, biscuits, fried shrimp and other seafood, red beans and rice and other quick-service menu items.
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Does franchising offer financing?
Financial Assistance: The franchisor does not generally offer any direct or indirect financing to franchisees. Franchisees does not guarantee a franchisee’s note, lease or obligation. The franchisor and its affiliates have the right to sell, assign or discount to a third party all or part of any amounts franchisees may owe to the franchisor or to its affiliates. If the franchisor owns or leases the land or the land and building of the franchised restaurant, the franchisor may lease or sublease the location to the franchisee.
How much does a Popeyes franchise cost?
Popeyes requires all franchisees to pay a one-time $50,000 franchise fee. This is a fee per restaurant, not a fee to own territory. All fees paid to Popeyes are non-refundable.
How much does it cost to open a popeye?
The median cost to open a Popeyes franchise is roughly $2.1 million. This includes the cost of real estate, constructing a building, training, equipment, and furniture, and insurance. Since the average Popeye makes ...
What is the Popeyes franchise disclosure document?
Popeye’s Franchise Disclosure Document contains the general category of “furniture, fixtures, equipment, signage, and technology.” This is basically everything inside the restaurant and your signage on the exterior of the building.
How many square feet are there in a Popeyes restaurant?
There two options when it comes to finding land for a Popeyes restaurant – a ground lease and buying land. Popeyes restaurants range from 1,600 to 3,500 square feet. Your land should range from 28,000 to 38,000 square feet. This gives you enough space for the building and parking lot, which should have between 25 and 30 parking spaces.
How much does it cost to buy land for a Popeyes restaurant?
In a high-traffic, commercial area, you should expect to pay between $500,000 to $2 million to purchase the land for a Popeyes restaurant.
How much does it cost to get a business license?
Obtaining a business license might be one of the cheapest expenses, ranging from $300 to $600. Most franchisees start either a limited liability company (LLC) or a corporation. Popeyes does not require a specific business license. You should incorporate the business before entering into franchise agreements.
How can a franchise lawyer save money?
Some franchise lawyers can help you save money in the long run by negotiating contract terms. While a big brand like Popeyes may be difficult to negotiate with, it certainly never hurts to try.
How much does it cost to franchise a Popeyes?
The initial franchise fee for a Popeyes restaurant is $50,000, payable before the restaurant is set up (Item 5, FDD 2021).
How much is a Popeyes franchise?
The costs to set up a freestanding Popeyes franchise, one in its own building rather than in a mall or other outlet, ranges from $423,800 to $3,545,800 (Item 7, FDD 2021). This includes initial franchise fees, training, licenses, and opening supplies, but not the costs of real estate.
What are the pros and cons of a Popeyes franchise?
Popeyes has generated a lot of love for chicken sandwiches in the past few years, and the chain has flourished thanks to that attention. There’s good money to be made from chicken sandwiches, and in particular from the growing Popeyes brand.
Is Popeyes a popular brand?
Popeyes Louisiana Kitchen made big news and big sales in 2019 when they launched the “chicken sandwich wars,” a marketing battle that drew in over twenty brands including Chick-fil-A, KFC, and Wendy’s. The Popeyes chicken sandwich has proved popular both with customers and with social media fans, providing a 103% boost in traffic to restaurants during its early sales. Acquired in 2017 by Restaurant Brands International, which also owns Burger King and Tim Hortons, Popeyes is growing into one of America’s most popular chicken outlets.
Can franchise fees make a restaurant more expensive?
On the down side, franchise fees can make a chain restaurant more expensive to start and add to ongoing costs. There’s not much room for creativity in how you present your store or flexibility to how you run the business. And if the chain over-expands, then your customers could be cannibalized by a new branch of the same franchise.
Is it better to franchise chicken?
Franchising brings several benefits over running an independent chicken restaurant. There’s training and support from the franchisor; guidance from fellow franchisees; a tested business model; and a business that’s easier to sell when you want to retire. Branded chain outlets have an easier time getting established, thanks to their combined marketing and strong brand recognition. You’ll benefit from all that chicken sandwich wars publicity, and the skills of the people who generated it.
Is Popeyes a good company?
If you’re interested in the chicken sandwich business, then Popeyes has a lot of benefits. In the past few years, the brand has generated a lot of positive attention, demonstrating a gift for social media marketing. It has the financial backing of a large fast-food holding company and the stability that comes with it.
How Much Does It Cost to Open a Popeyes Franchise?
The average cost to open a Popeyes franchise is around $2.5 million. The cost of equipment, furniture, real estate, training, location construction, and insurance are all included in this estimation. In the table below are presented the average cost for each of these.
Popeyes Franchise details
Most popeye’s restaurants make around $350,000 to more than $410,000 in profit each year and have an average annual return on investment (ROI) of 18%. This is a pretty healthy number considering most businesses only see 10% or less.
What is required in order to open a Popeyes Franchise?
Before deciding whether or not to open a Popeyes Franchise you must make sure that you meet the following conditions:
Important things to consider
In order to open a Popeyes restaurant, you will need either a ground lease or to own a piece of land.
What are the extra costs?
When you sign on to be an owner of Popeyes Franchises, it is best not just take their word on things. Hiring a lawyer who specializes in franchises before signing your agreement will help you make sure there aren’t any hidden tricks or traps that could come up later down the line.
How can I save money?
Negotiation is the key to saving money. Make sure you try to negotiate with Popeyes because that big-name may be tough to argue with, but it never hurts asking about lowering the costs before signing the contract.
