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 is a Popeyes franchise?
With 3,377 units worldwide, Popeyes is certainly the largest franchise of the group. Franchising since 1973, Popeyes is actively seeking new franchise locations across the globe. The initial franchise fee is $50,000, and the total initial investment can range between $385,500 and $2,620,800. Such a broad fee spectrum is dependent on multiple ...
How much does it cost to buy into a franchise?
• Franchise Fee: This amount can vary, depending on the franchise, but the average amount is typically $20,000 or $50,000, according to the Small Business Administration. This is paid when you first purchase your franchise.
How much does it cost to open a fitness franchise?
What Does an Anytime Fitness Franchise Cost? To buy a franchise with Anytime Fitness, you'll need to have at least $100,000 in liquid capital.Franchisees can expect to make a total investment of $94,430 - $523,824.They also offer financing via 3rd party as well as a discount for veterans (Yes - $1,000-$8,500 off franchise fee).
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How much does it cost to start 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.
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?
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 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 the most profitable franchise?
Top 14 Most Profitable FranchisesMcDonald's. Units in operation: 39,360. ... Dunkin Donuts. Units in operation: 12,800. ... Taco Bell. Units in operation 12,800. ... Subway Franchise. Offers Financing: Yes. ... Anytime Fitness Franchise. Units in operation: 4,904. ... Sonic. Royalty: 2.5% - 5.0% ... Planet Fitness. Royalty 7.0% ... Orangetheory Fitness.More items...
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 it cost to get KFC franchise?
The estimated start-up cost can range from ₹ 96 lakhs to ₹ 2 crores. Also, ₹ 36 lakhs is required as a franchise fee to become a KFC franchise owner in India. In addition, a royalty fee of 5% is needed to be paid to the company on gross monthly receipts.
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 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 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 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.
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.
How much does a Subway owner make a year?
Subway Salary FAQs The average salary for an Owner is $122,790 per year in United States, which is 35% higher than the average Subway salary of $90,583 per year for this job.
What is the average net profit of A McDonald's franchise?
With an average initial investment of about $1.8 million, it would take you 8.5 years or less to recoup the McDonald's franchise cost with a 10% or more profit margin. These figures are calculated from the 2020 average median net sales from a McDonald's franchise in the US, which is about $2.9 million.
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 is the number one chicken chain in America?
The QSR 50 Chicken Segmentcategory rankqsr 50 rankcompany13Chick-fil-A213KFC319Popeyes Louisiana Kitchen425Zaxby's5 more rows
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.
How much does it cost to open a 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. The estimates are provided by Popeyes based off of its years of experience in franchising its brand.
Who owns Popeyes Louisiana?
Over the years Popeyes has gone through many ownership and name changes, but it’s now known as Popeyes Louisiana Kitchen and is owned by Restaurant Brands International (also parent company of Burger King and Tim Hortons).
How many steps does Popeyes take?
On its website, Popeyes specifies no less than 19 steps in its franchise process. One major hurdle prospective Popeyes franchisees will have to clear is showing they have enough credit to build a restaurant.
What is the most common fee for buying a franchise?
In addition to the “normal” costs, the most common fee in buying a franchise is the franchise fee . The franchise fee is basically a cover charge for entry into a franchise system, and for taking advantage of the expertise the franchisor has acquired.
When did Copeland open Chicken on the Run?
He wanted to create a restaurant to compete with KFC. In June 1972 he followed through on the idea, opening “Chicken on the Run” just outside of New Orleans in Arabi. Unfortunately, it closed a number of months later. Undeterred, Copeland reportedly reopened the restaurant a few days later with a new, spicier recipe and a new name: Popeyes Mighty ...
What is a free standing restaurant?
Free standing restaurants are the larger version of the franchise and include restaurants located in a single purpose, single tenant building. According to the franchisor, “free standing restaurants may also include ‘Build to Suit’ projects, which can substantially lower [the franchisee’s] initial investment costs.”.
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.
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 ...
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.
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.
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.
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 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.
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.
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.
