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
Is Popeyes a chain or franchise?
Popeyes franchise is an international chain of fried chicken fast food restaurants. Popeyes Chicken franchise opportunities have grown to 2,600 restaurants which serve not only fried chicken but also seafood, desserts, sides and beverages.
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 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.
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.
How much does a Chick-fil-A owner make a year?
How much does a Business Owner make at Chick-fil-A in the United States? Average Chick-fil-A Business Owner yearly pay in the United States is approximately $353,111, which is 451% above the national average.
What is the cost of McDonald's franchise?
Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.
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.
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 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.
Does Popeyes use real chicken?
We like our food to taste like home. For Popeyes restaurants in the US*, all our chicken comes from American farms. Same for the eggs in our batter.
Why is Popeye named Popeye?
Everyone assumes Popeyes is named for the cartoon character, but the honor actually goes to a fictional '70s detective. Founder Al Copeland named his place for Gene Hackman's character from The French Connection, Popeye Doyle, basically because he liked the dude's style.
How much is Popeyes stock?
Popeyes Louisiana Kitchen Fund Price (Quote) NASDAQ:PLKIRangeLow PriceHigh Price30 days$78.92$79.1590 days$58.83$79.1652 weeks$49.11$79.16
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 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.
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.
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 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.
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 ...
When was Wingstop founded?
If you’re interested in a chicken restaurant, you can go even more niche and focus specifically on wings. Wingstop was founded in 1994 and has already grown to over 1,000 locations worldwide.
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.
What is a Popeyes franchise?
Popeyes Franchise Restaurants serve not only fried chicken but also seafood, desserts, sides, and beverages. #1. Popeyes Franchise Opportunities.
How many restaurants does Popeyes have?
It is continually known as one of the top franchise choices of both customers and franchisees. Popeyes Chicken business opportunities have grown to 2,600 restaurants which serve not only fried chicken but also seafood, desserts, sides, and beverages.
What are the requirements for a popeye franchise?
What are the popeyes franchise for sale Requirement? Popeyes will require that you agree to open and handle the number of restaurant franchises determined reasonable for the territory. 1) Solid business experience. 2) Proven expertise in owning or operating restaurants.
Is there an end to Popeyes?
As in Foody Industry there is no end and as well the great expanding of Popeyes restaurants there are huge opportunities in the market for their Franchises.
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.
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.
How long does PTP last?
The remaining modules of PTP can last as long as 20 to 50 hours, in the aggregate. Periodically, the franchisor also may make available to franchisees or their employees additional training programs that the franchisor, in its discretion, choose to conduct. Attendance at these training programs may be mandatory.
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 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.
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.
How much is a Popeyes franchise?
The costs to set up a freestanding Popeyes franchise, one in its own building rather than in a mall or other outlet, ranges from $423,800 to $3,545,800 (Item 7, FDD 2021). This includes initial franchise fees, training, licenses, and opening supplies, but not the costs of real estate.
What are the pros and cons of a Popeyes franchise?
Popeyes has generated a lot of love for chicken sandwiches in the past few years, and the chain has flourished thanks to that attention. There’s good money to be made from chicken sandwiches, and in particular from the growing Popeyes brand.
How much does it cost to franchise a Popeyes?
The initial franchise fee for a Popeyes restaurant is $50,000, payable before the restaurant is set up (Item 5, FDD 2021).
Is Popeyes a good company?
If you’re interested in the chicken sandwich business, then Popeyes has a lot of benefits. In the past few years, the brand has generated a lot of positive attention, demonstrating a gift for social media marketing. It has the financial backing of a large fast-food holding company and the stability that comes with it.
Is Popeyes a popular brand?
Popeyes Louisiana Kitchen made big news and big sales in 2019 when they launched the “chicken sandwich wars,” a marketing battle that drew in over twenty brands including Chick-fil-A, KFC, and Wendy’s. The Popeyes chicken sandwich has proved popular both with customers and with social media fans, providing a 103% boost in traffic to restaurants during its early sales. Acquired in 2017 by Restaurant Brands International, which also owns Burger King and Tim Hortons, Popeyes is growing into one of America’s most popular chicken outlets.
What is a review of your application?
A review of your application, assessing your expertise in running quick-service restaurants and your business plan. At this stage, the company also conducts background and credit checks and checks your legal entity documentation.
Can franchise fees make a restaurant more expensive?
On the down side, franchise fees can make a chain restaurant more expensive to start and add to ongoing costs. There’s not much room for creativity in how you present your store or flexibility to how you run the business. And if the chain over-expands, then your customers could be cannibalized by a new branch of the same franchise.
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.
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.
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.
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.
