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.
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.
How much money has Popeyes made from the chicken sandwich?
“Various sources said Popeyes earned anywhere from $20 million to $23 million from its new chicken sandwich and the controversy that attended its reveal,” according to the International Business Times.
How much does a Bojangles' franchise cost?
Starting a Bojangles franchise is an exciting possibility, but something that requires careful consideration of the upfront costs. A Bojangles franchise costs around $2 million on average, while the lowest cost is $1.5 million and the highest cost is $2.5 million.
How much does an Applebee's franchise cost?
How much does an Applebee's Neighborhood Grill & Bar franchise cost?
- Initial Franchise Fee: $35,000
- Total Investment: $1,965,600 to $7,053,400
- Working Capital: $405,000 to $655,000
- Royalty Fee: 4.0%
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How much does it cost to own 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. Why the large window in estimated costs? Don't forget that real estate prices can vary greatly based on location.
What is Popeyes CEO salary?
At Popeyes Louisiana Kitchen, the most compensated executive makes $700,000, annually, and the lowest compensated makes $57,000. Last updated months ago.
Who owns Popeyes franchise?
Restaurant Brands InternationalPopeyes / Parent organizationRestaurant Brands International Inc. is a Canadian-American multinational fast food holding company. Wikipedia
What is Popeyes royalty fee?
5%$3,545,800Type of FeeAmountRoyalty5% of gross sales.Advertising Contribution4% of gross sales.Advertising Co-opCurrently, 0.5% to 1.75% of gross sales as established by local advertising co-op.Additional Ordering System / Additional Digital System (Consumer Ordering Technology Fee)1% of digital sales.27 more rows
What is Popeyes net worth?
PopeyesA Popeyes restaurant in Houston,Texas, United States.RevenueUS$ 579 million (2021) US$ 5.51 billion (system-wide sales)Net incomeUS$ 228 million (2021)Number of employees2,130 (December 2015)ParentRestaurant Brands International (2017–present)14 more rows
How much does the Taco Bell CEO make?
What is the salary of Mark King? As the Chief Executive Officer - Taco Bell Division of Yum Brands, the total compensation of Mark King at Yum Brands is $3,994,610. There are 3 executives at Yum Brands getting paid more, with David Gibbs having the highest compensation of $17,143,200.
How much do Papa John's owners make?
A report from Franchise.com estimates that Papa John's franchise operators are making around $67,000 a year. This number is debatable, but we'll address that in a minute. According to The Street, an annual salary of $67,000 is still considerably above the median wage for U.S. citizens.
Where does Popeyes get their chicken?
For Popeyes restaurants in the US*, all our chicken comes from American farms. Same for the eggs in our batter. Our red beans are grown in Colorado, Nebraska and Wisconsin.
Does Popeyes use peanut oil?
Popeyes has become the first fast-food chain to source palm oil, both directly and for all branded food products. The company is committed to sourcing palm oil that is RSPO certified and credits its entire menu globally.
What is the cost of 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 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 Is a Subway franchise?
How much is the franchisee fee? The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.
Who is the CEO of Popeyes Chicken?
Sami Siddiqui - President - Popeyes Louisiana Kitchen | LinkedIn.
Who is the CEO of Popeyes 2022?
Cheryl A. Bachelder is chief executive officer of Popeyes Louisiana Kitchen, Inc.
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.
What does Popeyes pay in California?
Average Popeye's Restaurants Cashier hourly pay in California is approximately $15.54, which is 29% above the national average.
How much does a Popeyes franchise cost?
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. Why the large window in estimated costs? Don’t forget that real estate prices can vary greatly based on location. A franchise owner in New York City is going to have much higher real estate costs than, say, a franchise owner in Baton Rouge. So factor that in when determining where you’ll likely fall on that total investment range.
How many Popeyes are there?
The first franchises popped up throughout Louisiana, but Popeyes now boasts over 2,700 locations worldwide. In early 2017, Popeyes was purchased by Restaurant Brands International, a U.S. and Canadian fast food holding company.
How much does it cost to franchise Chick Fil A?
Chick-fil-A’s franchise fee is only $10,000 —considerably lower than most of its competitors.
How much is Wingstop royalty?
For ongoing fees, Wingstop charges a royalty fee of 6% of gross sales, a marketing fee of 4%, and a local advertising and promotional fee of 1%. That 11% total is slightly higher than their competitors. Popeyes ongoing fees total 10%, for example.
What states are Popeyes targeting?
Those states are: California, Florida, Kansas, Maine, Michigan, Missouri, Montana, Nebraska, New Hampshire, North Carolina, North Dakota, Oklahoma, South Carolina, South Dakota, Texas, West Virginia, Wyoming, Vermont, and Virginia. Check their website for the most up-to-date information.
When did Popeyes open?
Popeyes franchise overview. The first Popeyes location opened up in New Orleans 50 years ago. The story goes that in 1971, Al Copeland started a chicken restaurant in an effort to compete with KFC. His first venture failed, but a year later he opened a restaurant called Popeyes Mighty Good Fine Chicken. Copeland quickly discovered the benefit of ...
Is Popeyes looking for franchisees?
Ideally, Popeyes is looking for franchisees with experience in the restaurant business. But if you don’t have restaurant experience, that’s not a dealbreaker. The key is general business experience and a clear commitment to Popeyes. If you’re interested in potential future expansion, even better.
When did Popeyes break out gross sales figures?
Again, this is very useful. It is especially helpful for Popeyes to have broken out the gross sales figures for stores built in 2010, and 2011. This will give you a better idea of what the first few years may hold in store for you.
What FPR does Popeyes use?
Popeyes gets their Item 19 FPR in their FDD right.
Who collects P&L statement from franchise owners?
Popeyes is part of a growing trend of franchisors who both collect P&L statement from their franchise owners and create a comprehensive FPR from that data.
Does POS give labor costs?
1. The POS system won't give labor and rent costs.
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.
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.
What is a popeye?
Popeye s quick-service restaurant specializing in the sale of fried chicken, seafood and other quick service food under the name “Popeyes Louisiana Kitchen”. They offer a limited menu of lunch and dinner products, and in certain Restaurants approved by us, 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. A Popeyes Restaurant may feature a walk-in format, drive-thru, sit-down, or some combination of these types of formats.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 2458 franchised Popeyes Louisiana Kitchen locations in the USA.
How do franchise profits work?
Franchise profits depend on a number of variables, including local demand for your product, labor costs, commercial lease rates and several other factors. Typically, franchise profits are proportionate to the size of investment. We can help you figure out how much money you can make by reviewing your personal situation. Please unlock this franchise for more information.
What is franchise grade?
Franchise Grade is dedicated to providing research and education that can help you make confident franchise investment decisions.