how to start a popeyes chicken franchise

How to Open a Popeyes Restaurant

Full Answer

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.

Who is the current owner of Popeyes Chicken?

Restaurant Brands International, which owns Burger King (BKW) and Tim Hortons (THI), has agreed to buy Popeyes for $1.8 billion — a transaction that was confirmed Monday.

How much money did Popeyes make from the chicken sandwich?

The company says that 203 million Popeyes Chicken Sandwiches have been sold this year. Popeyes reported that its locations sold 3,582 sandwiches in one day in November 2019. How Much Money Does Popeyes Make A Year? A franchised Popeyes restaurant with an operating profit of $460,418 (Item 19 fD 2021) averages $1,922,817 in annual sales.

What company owns Popeyes?

Who Owns Popeyes?

• Burger King Owner Pays $1.8 Billion For Popeyes. Data from Numerator, a market intelligence firm, shows that fans of the Popeyes chicken sandwich weren’t starving young millennials and Gen-Zers.
• Popeyes Franchise Owners List. He now owns one, in Nashua, N.H. ...
• Cheryl Bachelder to step down at Popeyes. ...
• Burger King’s owner buys Popeyes for $1.8B. ...

See more

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 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.

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.

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?

Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•

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.

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.

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.

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

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 are the financial requirements for a potential franchisee?

Before being considered for the franchise investment, you might have to prove that you have a net worth of $100,000 or some other amount. Some large franchises require even larger net worth — into the range of $300,000 or more. This can be frustrating for some franchisees.

How much does a Subway owner make a year?

The average salary for an Owner is $122,559 per year in United States, which is 35% higher than the average Subway salary of $90,272 per year for this job.

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?

Chick-fil-AThe QSR 50 Chicken Segmentcategory rankqsr 50 rankcompany13Chick-fil-A213KFC319Popeyes Louisiana Kitchen425Zaxby's5 more rows

How much does a Wendy's franchise cost?

$2,000,000 to $3,700,000The estimated total investment required to begin operation of a new restaurant normally ranges from $2,000,000 to $3,700,000. Will I be assigned an exclusive territory? Wendy's does not currently provide exclusive areas to franchisees. The franchise agreement is issued for the specific restaurant location only.

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.

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Popeyes Louisiana Kitchen franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

Franchise 500 Ranking History

Compare where Popeyes Louisiana Kitchen landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Popeyes Louisiana Kitchen ranked on other franchise lists? Find out below.

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.

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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.