How much does it cost to start Popeyes Chicken franchise?
To open a Popeyes®, candidates must meet the following financial requirements; a minimum of $500,000 in liquid assets and a minimum net worth of $1 million. You can expect the total investment per location to range between $235,000 and $454,000.
Does Popeyes Chicken have a military discount?
Yes, Popeyes dose have a military discount for current and veteran members of the military, the family members of theirs are also qualified. How Much is Popeyes Military Discount? For military members, Popeyes offers a 10% to 20% special discount once you have proved your eligibility.
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 it cost to open Popeyes?
The estimated opening costs for the initial setting up and first three months of operation for a new Popeyes restaurant ranges between $383,500 and $2,620,800 (excluding the purchase of real estate/land). The estimate in the chart below comes from the FDD of Popeyes, dated 2020.
See more
How much does a Popeyes franchise owner make a year?
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.
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
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.
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.
What is the cost of McDonald's franchise?
The Franchise fee of McDonald's goes for around 30 lakhs INR; however, this fee is also attached with a 4 % monthly royalty fee as service fees to the brand. The actual investment amount differs, a business owner needs to keep a rough estimate of around 6 to 14 Crores.
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.
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.
Who owns Popeye?
Restaurant Brands InternationalThis is currently a subsidiary of Toronto-based Restaurant Brands International. 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.
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.
What does a Pizza Hut franchise cost?
Pizza Hut has a franchise fee of $25,000 for a 20-year agreement, although the total initial investment ranges between $297,000 and $2,109,000. Additionally, franchisees must pay the company ongoing royalty fee of 6% on all sales, as well as an additional 3% to be applied toward national marketing efforts.
How much is a Burger King franchise?
Burger King Franchise Cost /Initial Investment/ Burger King Franchise. The franchise fee is $50,000, and requires a total investment of anywhere between $316,100 and $2,660,600. Franchise agreements include an additional royalty fee of 4.5%. Franchise incomes vary by location.
How much is a 7 11 franchise?
- Initial Store Supplies (Php 170,000.00), Initial Merchandise (Php 800,000.00), Construction Cost (approximately 2.03 Million Pesos), Advance Rent and Deposit (Depending on the lease terms) are settled before opening the store - Total Cash Outlay will range from 3.5 Million Pesos to 5 Million Pesos.
What is the franchise fee for Dunkin Donuts?
Here is a breakdown and ranges of the financial requirements to open a Dunkin' franchise: Total investment range: $97,500 to $1.7 million. Initial franchise fee: $40,000 to $90,000 (varies by location) Net worth: $500,000 minimum.
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
Who owns Popeyes South Africa?
Siyaghopa Trading GroupSouth African franchisee, Siyaghopa Trading Group, will be opening its first Popeyes Louisiana Kitchen quick service restaurant (QSR) in Sandton City, Johannesburg on 13 July 2017.
Does Popeyes Chicken have anything to do with Popeye the Sailor?
No, nobody does because it isn't a thing." And by the way, a fun fact: Popeyes restaurants were not named after the famous cartoon character, the restaurant says. In 1972 the restaurant was originally called "Chicken on the Run," and began with its first restaurant near New Orleans.
Average Popeyes Franchise Cost
T he estimated startup cost ranges from $235,000 to $454,000 with an initial franchise term of 20 years. The said price does not include yet the real estate and construction expenses.
Business Licenses
Y ou should also secure your business license first. The fee would allow you to legally operate your store.
Additional Fees
You are also responsible for paying the following fees as a franchise owner:
Factors Affecting Popeyes Franchise Cost
Each approved franchise will have varying franchise cost because of several factors such as the following:
Training
You and your employees should undergo training via the Popeyes Management Certification Program. This consists of online and in-restaurant activities designed to train you in:
Support
Know that you’ll receive strong support once you become a Popeyes franchise owner. The company would assist you in the following areas:
Requirements to Become a Popeyes Franchise Owner
Already submitting your franchise application? Make sure that you’re qualified based on the company’s standards. Popeyes seeks individuals who:
Requirements to Open a Franchise
Before we dive into the specific costs associated with opening a Popeyes restaurant, we want to highlight the minimum requirements to open a franchise:
Advertising Funds Contributions
As a franchise owner, you are not responsible for advertising the business. The Popeyes corporate office carries out marketing campaigns. Popeyes franchisees must pay 4% in gross sales to contribute to the advertising fund. In addition, franchisees must also pay up to 1.75% in gross sales towards local advertising.
Frequently Asked Questions
Still, have a few doubts about the costs associated with opening a Popeyes franchise? Take a look at some of the most frequently asked questions below.
Is it Worth it to Open a Popeyes Franchise?
If you have a passion for the foodservice industry and don’t mind putting in the long hours, it is worth it to open a Popeyes franchisee. Opening a franchise is best for those who want a recognized brand and a structured business model.
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.
Popeyes franchise requirements
Popeyes requires franchisees to have a net worth of $1 million per restaurant, $500,000 of which has to be in liquid assets. 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.
How to become a Popeyes franchise owner
If you meet the franchise financial requirements, perhaps you’re ready to jump right into the process of becoming a Popeyes franchise owner. Here’s how to get started:
Obtain financing for your Popeyes franchise
If you’ve read this far, you know that you need a significant amount of capital in order to join the Popeyes family. The numbers can seem daunting, but there are options available to assist you financially. You might decide that utilizing business financing to help cover some of the large initial costs would be best.
Top alternatives to a Popeyes franchise
After reading about all the requirements to opening a Popeyes franchise, maybe you’ve come away leaning toward pursuing another avenue for your small business dreams. That’s fair. There are other franchise opportunities out there for chicken lovers. Here are a few of them
The bottom line
Opening a Popeyes franchise is a big commitment—both financially and professionally. Before jumping into it, make sure that you’ve figured out a viable route to financing and are prepared for the time and effort you’ll have to commit in order to ensure your business is a success.
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.
Wingers Restaurant & Alehouse
America's mid-market Alehouse sensation bringing handcrafted food, regional beers, Crazy Good Wings and Fingers, sales and profits!
Chick'nCone
Because the world wants grab & go comfort food! Fork-free chicken & waffles!
Chop Stop
TURN OVER A NEW LEAF Own a Chop Stop Franchise! If you’re interested in a healthier fast food restaurant franchise, you’ve come to the right place.
Average Popeyes Franchise Cost
Business Licenses
- You shouldalso secure your business license first. The feewould allow you to legally operate your store. Please prepare between $300 and $600for the permit regardless of the type of restaurant you plan to put up.
Additional Fees
- You are also responsible for paying the following fees as a franchise owner: 1. Development fee: $12,500 per restaurant 2. Royalty fee: 5% of gross sales 3. Marketing fee: 4% of gross sales 4. Development schedule extension fee: $5,000 for each extension 5. Interest on overdue payments: 1.5% per month/maximum rate allowed by law (whichever is lower) 6. Interest on understated sa…
Factors Affecting Popeyes Franchise Cost
- Each approved franchise will have varying franchise cost because of several factors such as the following: 1. Location Since different states have different economic statuses, the cost of operating a business will not be the same across the country. Businesses within progressive states and cities would definitely cost much higher compared to theircounterparts. 1. Store size …
Training
- You and your employees should undergo training via the Popeyes Management Certification Program. This consists of online and in-restaurant activities designed to train you in: 1. Production and service 2. Production management 3. Service management 4. Shift management The training could last from 6 to 10 weeks. A minimum of 4 management employees, including the operatin…
Support
- Know that you’ll receive strong support once you become a Popeyes franchise owner. The company would assist you in the following areas: 1. Access to powerful marketing programs 2. Regional operations support 3. Real estate design concepts 4. State-of-the-art modeling tools (for the site selection process) 5. Local and national marketing program 6. Site selection, developme…
Requirements to Become A Popeyes Franchise Owner
- Already submitting your franchise application? Make sure that you’re qualified based on the company’s standards. Popeyes seeks individuals who: 1. Possess solid business experience 2. Show proven expertise in owning or operating restaurants 3. Have a minimum net worth of $1 millionper restaurant 4. Have a minimum of $500,000in liquid assets per restaurant 5. Have a co…
Application
- If you’re ready to venture into the Popeyes business, you can proceed to request a franchise kit online. Once the company receives the form, someone from the team would contact you for more details. You may visit the company’s franchising page to read about the whole application process.