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%
How much do Popeyes franchise owners 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.
Are Popeyes individually owned?
This 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 does it cost to invest in Popeyes?
Popeyes Louisiana Kitchen has the franchise fee of up to $50,000, with total initial investment range of $383,500 - $2,620,800.
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
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.
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.
What franchise is the most profitable?
Most Profitable FranchisesAnytime Fitness. Anytime Fitness is a popular gym brand with a low-cost investment and high revenue potential. ... McDonald's. McDonald's franchise program is one of the most established in the fast food industry. ... UPS Store. ... Jersey Mike's Subs. ... Dunkin' ... Sport Clips. ... 7-Eleven. ... Papa John's.
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 money do you need to open a Chipotle franchise?
Estimated Chipotle Franchise CostType of ExpenditureEstimated AmountLowHighChipotle Franchise Fee (if they franchised)$20,000$25,000Real Estate Purchase or Lease(may vary substantially based upon the location)Site Preparation and Completion Costs$150,000$400,00011 more rows•Jul 19, 2022
How Much Is a Subway franchise?
The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.
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.
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
Is Popeyes Chicken a 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.
Who is Popeyes owned by?
RBI owns four of the world's most prominent and iconic quick service restaurant brands – TIM HORTONS®, BURGER KING®, POPEYES® and FIREHOUSE SUBS®. These independently operated brands have been serving their respective guests, franchisees and communities for decades.
Who is the current owner of Popeyes?
The Burger King Takeover On February 21st, 2017, Canadian-American-based fast-food enterprise Restaurants Brands International purchased the Popeyes brand for a reported $1.8 billion. The enterprise also owns Burger King as well as Tim Hortons.
Who is the original owner of Popeyes?
Al CopelandPopeyes / FounderAlvin C. Copeland Sr., opens “Chicken on the Run” in the New Orleans suburb of Arabi, serving traditional Southern-fried chicken. After several months of lackluster performance, he reopens the restaurant as “Popeyes” (after Popeye Doyle of The French Connection).
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 $35,000. The franchise fee is a one-time payment. You would settle it upon signing of the agreement with the company.
How many Popeyes restaurants are there in the US?
The company currently has 1,600 restaurants in the US and is continuing to expand. If you want to be an addition to its growth, here’s a guide on the Popeyes franchise cost.
Does Franchise Direct provide an estimate for real estate and improvement expenses?
Neither the company nor Franchise Direct provided an estimate for real estate and improvement expenses. This is because the cost would depend on your location and the type of development for your unit.
Does Franchise Direct include real estate?
The figures at Franchise Direct also do not include the real estate and construction costs. However, the numbers include the site work and building expenses. Other expenses included in the initial investment are: Franchise fee. Business licenses.
Can you own a franchise company alone?
The franchise requirements might be too expensive for you alone. Fortunately, the company allows partnering with other interested parties to buy and operate the business.
Is Popeyes a franchise?
With its unique “New Orleans” style menu, Popeyes is a food franchise that is worth venturing into. The store’s orange theme, spicy chicken, and regional Red beans would make customers return. Add in a friendly staff and the respect for the Louisana heritage and you’re sure to have patrons in no time.
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.
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.