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 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 it cost to open a Popeyes?
You are mandated under the Franchise Agreement to pay Popeyes a $50,000 franchise fee for each Restaurant before opening the Restaurant. The Franchise Fee is not credited against any other fee, is not payable in installments, and is not refundable.
How much does Taco John's franchise cost?
The franchise offered is to operate a Taco John's Restaurant that serves mainly Mexican food for carry out or consumption on the premises. How much does a Taco John's franchise cost? Taco John's has a franchise fee of up to $25,000, with a total initial investment range of $1,060,000 to $1,599,000.
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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.
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
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 you need to open 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.
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.
How much does it cost to buy 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.
Can you invest in Popeyes?
Popeyes traded on the NASDAQ under the ticker symbol PLKI between 2008 and 2017. Popeyes stock was popular with investors because of its high returns. The truth is, you invest in Popeyes by buying Restaurant Brands International (QSR) stock.
How can I buy Popeyes chicken stock?
You can't buy stock directly in Popeyes, but you can buy stock in Restaurant Brands International.
Who owns the Popeyes franchise?
Restaurant Brands InternationalPopeyes / Parent organizationRestaurant Brands International Inc. is a Canadian-American multinational fast food holding company. Wikipedia
How much is it to buy a Taco Bell franchise?
Costs overview Franchising fee: It costs between $25,000 and close to $50,000 for the initial franchise fee. This, too, will vary depending on the details of your specific Taco Bell franchise. Net worth: The current net-worth requirement is around $1.5 million worth of assets.
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 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.
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.
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.
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.
Does Franchise Direct sell your information?
Franchise Direct's reputation for integrity in the franchise industry has been established over our 20+ years in business. We NEVER sell your information or share it with anyone other than the companies from which you have requested information. Please view our privacy policy.
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.
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.