Popeyes is an American multinational chain of fried chicken fast food restaurants founded in 1972 in New Orleans, Louisiana and headquartered in Miami, Florida.Since 2008, its full brand name is Popeyes Louisiana Kitchen, Inc., and it was formerly named Popeyes Chicken & Biscuits and Popeyes Famous Fried Chicken & Biscuits. Popeyes Performance in the Franchise Market, Bambu Desserts & Drinks Franchise Cost & Profit Opportunity Review, The Habit Burger Grill Franchise Cost & Profit Opportunity Review, Yogurtland Franchise Cost & Profit Opportunity Review, SweetFrog Premium Frozen Yogurt Franchise Cost & Profit Opportunity Review, Rocky Rococo Pizza and Pasta Franchise Cost & Profit Opportunity Review. Franchise fee; Business licenses; Other opening costs (signage, technology, supplies, insurance) Popeyes Franchise Startup Fee. Although, acquiring a Popeyes franchise requires a relatively large initial investment, the amount of profit that you can bring in on a regular basis can make it worth your while. The most you would expect to invest in a Popeyes Louisiana Kitchen location is $1,000,000. Expect a similar initial investment in Pound Sterling for starting a Popeyes in the UK. Mar 3, 2014 The franchise royalties received are also low cost due to setting up and running a restaurant. The current net worth requirement to become a Popeyes franchisee is a liquidity requirement of $500,000 with net worth of $1,000,000. 81. 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 of satisfied customers served yearly. Number of US Popeyes Locations In order to open a KFC franchise, you must have a net worth of more than $1,500,000. 81. $500,000 is the minimum net worth required to open a location. Under Bachelder, Popeyes improved its relations with franchisees, which enabled the chain to promote unit growth and encourage operators to remodel locations quickly. The company’s highest rank was No. Popeyes Chicken Franchise Fees Be prepared to pay $35K for the restaurant. First, the average KFC unit is driving sales around $1,000,000 per year. Click on the image to see the large image. According to Franchise Business Review, the average profit on senior-care franchises is $98,723 per year. Chicken Licken. AFC continued to own Popeyes until the recent acquisition by Restaurant Brands International. Launches Delivery in Major Markets with Uber Eats 1. Operating profit for company-operated restaurants was $20.7 million, or 19.1 percent of sales, compared to $21.9 million, or 20 percent of sales, in 2015. In early May 2018, Popeyes announced that it had signed a deal with Uber Eats to expand its delivery service in New York City, Chicago, Miami, and Washington. How much does Popeyes Louisiana Kitchen franchise cost? Popeyes Louisiana Kitchen, Inc. develops, operates and franchises quick-service restaurants under the trade names Popeyes Chicken and Biscuits and Popeyes Louisiana Kitchen. Your email address will not be published. You will need to consider building and real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of … What does a Popeyes Franchise Cost? Popeyes has only appeared on Entrepreneur’s annual Franchise 500 list twice in the past decade. Popeyes also ranked on Entrepreneur’s Fastest Growing Franchise list in 2008 at No. Must have a minimum net worth of $1.5M and $750K in liquid assets per restaurant. In the press release accompanying Popeyes’ earnings report for fiscal 2016, CEO (at the time of the report) Cheryl Bachelder said, “In 2016, we delivered global same-store sales growth of 1.7 percent, our eighth consecutive year of positive same-store sales growth, and 216 new restaurant openings around the world.”. The cost, regardless of the type of store, is $35,000. For a Popeyes franchise in the US, franchisees are required to prove a net worth of $500,000, with half of that being in liquid assets. Popeyes now has more than 2,700 restaurants in 26 countries. Don’t Overlook These 29 Important Franchise Fees, FDD Talk 2017: What You Need to Know About the Great Clips Franchise Opportunity (Financial Performance Analysis, Costs and Fees), Section I – Background information on the Popeyes Louisiana Kitchen franchise opportunity, including relevant news updates, Section II – Estimated initial investment for a Popeyes Louisiana Kitchen franchise, based on Item 7 of the company’s 2017 FDD, Section III – Initial franchise fee, royalty fee, marketing fee, and other fees for a Popeyes Louisiana Kitchen franchise, based on Items 5 and 6 of the company’s 2017 FDD. To be able to operate under the company’s name, you should first settle the Popeyes franchise startup fee. 57 in 2011, while its lowest rank was No. 5. Popeyes Fried Chicken. Over the next decade, Popeyes opened 500 more locations in the U.S. Even with the success of the chicken sandwich, Popeyes still doesn't have Chick-fil-A beat when it comes to America's most favorite fast food chain. The owner of a franchise restaurant does not technically receive a salary, as a salary is a predetermined amount of money that an employer pays an employee. Discover our menu and order delivery or pick up from a Popeyes near you. We also prepared the detailed Popeyes franchise cost and profit including franchise investment information with required fees for your convenience. Popeyes … Franchise Description: Popeyes Louisiana Kitchen, Inc. is the franchisor. Net restaurant openings were 158, compared to 166 net restaurant openings in the prior year. That fact alone is pretty nuts, but it also is a very powerful marketing tool for the brand to potential franchise owners. Franchising began in 1976 with the first franchised location opening in Baton Rouge, Louisiana. Popeyes also ranked on Entrepreneur’s Fastest Growing Franchise list in 2008 at No. Today, there are over 2,600 Popeyes locations around the world. Popeyes Louisiana Kitchen Franchise Cost & Profit Opportunity Review posted on March 21, 2019 Popeyes Louisiana Kitchen, Inc. is a force in the fast-casual chicken business. Bachelder has been CEO of Popeyes for about a decade and under her leadership, the company has expanded its global presence and franchise community. 7. The first Popeyes Louisiana Kitchen was opened in 1972 by Al Copeland in Arabi, Louisiana, a suburb of New Orleans. All in all, this is a useful Item 19 and will help the probable purchaser of a Popeyes Louisiana Kitchen franchise. 4. 2. Although Popeyes did not disclose how many restaurants would be participating in the ser… In late February, Restaurant Brands International (RBI), the parent company of Burger King and Tim Hortons, confirmed that it would be purchasing Popeyes Louisiana Kitchen for $1.8 billion. 1. Required fields are marked *, Previous post: Considering a Popeyes Louisiana Kitchen Franchise? Before you become an owner, you will owe the franchisor a franchise fee of $30,000. Some other highlights from the report include: 8. RBI CFO Josh Kobza said that the company feels that Popeyes can become a much larger player globally in the chicken category. Popeyes opened 216 restaurants (118 domestically and 98 internationally). 11. According to Forbes, the brand is valued at $8.5 billion and places 86th on their World's Most Valuable Brands 2019 list. Your email address will not be published. 85 in 2008. Popeyes Louisiana Kitchen has the franchise fee of up to $50,000, with total initial investment range of $383,500 - $2,620,800. Copeland opened his restaurant to compete against Kentucky Fried Chicken. 10. The lowest you can expect to invest is $500,000 if you want to become a franchisee. According to Kobza, Popeyes already has a large global business that RBI can continue to grow. The first Popeye’s Louisiana Kitchen opened in June of 1972 as “Chicken on the Run.” Four years later, and after a name change, the first Popeye's chicken franchise opened in Baton Rouge and within a decade, there were 500 locations across the country serving its signature spicy, Cajun-style fried chicken and sides. In the early 90s, Popeyes filed for bankruptcy and in order to save the company, the court approved a plan by a group of Popeyes’ creditors that resulted in the creation of America’s Favorite Chicken Company, Inc. (AFC) to serve as the new parent company for Popeyes and Church’s Chicken. We’ll have to rely on some estimates. Trace William Cowen is a writer based in Los Angeles. Popeyes Louisiana Kitchen, Inc. (NASDAQ: PLKI), the franchisor and operator of Popeyes® restaurants, today reported results for fiscal 2016 that ended December 25, 2016. In RBI’s recent Q1 report, the company said that Popeyes faced relatively flat sales growth as RBI continues to plan Popeyes’ international growth. International same-store sales increased 4.4 percent, compared to 7 percent in 2015, the 10th consecutive year of positive same-store sales growth. Popeyes Louisiana Kitchen, Inc. (NASDAQ: PLKI), the franchisor and operator of Popeyes® restaurants, today reported results for its fiscal third quarter of 2016, which ended October 2, 2016. To open a KFC, your net worth has to be at least $1.5 million. Franchisees are also in for an ongoing royalty fee of 7% of net monthly sales. Get access to exclusive coupons. Third, and this is most remarkable, Popeyes has constructed a composite P&L, profit and loss statement. During the first quarter, Popeyes increased its restaurant count by 6 percent. Total revenues increased approximately 3.8 percent to $268.9 million in 2016, from $259.0 million in 2015. Popeyes is the second largest "quick service" Chicken Restaurant group with more than 2,600 units. 6. Appreciate the investment required for a restaurant franchise. You can expect the total investment per location to range between $235,000 and $454,000. Maybe you can find the money to build a new Popeyes, but along with that Popeyes is also going to check out your net worth. Profit vs. Salary. 85 in 2008. 3. Although, acquiring a Popeyes franchise requires a relatively large initial investment, the amount of profit that you can bring in on a regular basis can make it worth your while. 9. Domestic same-store sales increased 1.4 percent, compared to 5.7 percent in 2015, the eighth consecutive year of positive same-store sales growth. Mathnasium offers a low-cost investment, simple startup, and a proven business model with a successful track record. In this FDD Talk 2017 post, you’ll learn the following: Acquired by Burger King’s Parent Company for $1.8 Billion. Reminder: Your username and password are case-sensitive. Section IV – Presentation and analysis of Popeyes Louisiana Kitchen’s financial performance representations, based on Item 19 of the company’s 2017 FDD, including information on the: Global system-wide sales increased 7.4 percent, for a two-year compounded growth rate of over 20 percent. The franchisor is an indirect subsidiary of Restaurant Brands International Limited Partnership. Global same-store sales increased 1.7 percent in 2016, compared to 5.9 percent in 2015, for a two-year compounded growth rate of 7.7 percent. By Trace William Cowen. Chicken Licken charges an initial franchisee fee of R150,000. Considering a Popeyes Louisiana Kitchen Franchise? Your email address will not be published. The company’s highest rank was No. Popeyes has only appeared on Entrepreneur’s annual Franchise 500 list twice in the past decade. Approximately 4% of your gross sales will be delegated to Marketing and there is a Royalty fee of five percent of gross sales that you are required to pay Popeyes. Don’t Overlook These 29 Important Franchise Fees, Next post: FDD Talk 2017: What You Need to Know About the Great Clips Franchise Opportunity (Financial Performance Analysis, Costs and Fees), Need help? May 15, 2017 by Franchise Chatter Leave a Comment in Chicken Franchises, FDD Talk 2020: Food Franchises, Franchise Earnings. KFC's own website estimates that more than half the people in the United States see at least one KFC commercial a week. And Nando’s famous adverts don’t pay for themselves, either - according to the franchisee terms they also require a national advertising levy of 5% of net monthly sales. The money that a franchise restaurant owner receives from his business is its net profit, or the difference between revenue and all … Popeyes Net Worth Requirement. Once you’ve determined from the information above that you can meet the minimum financial requirements to become a franchisee. Soon after RBI acquired Popeyes Louisiana Kitchen, CEO Cheryl Bachelder announced that she would be leaving the company after the sale closes. Solid business experience and proven expertise in owning or operating restaurants. Email franchisechatterblog@gmail.com. Franchise Sales, Recruiting and Business Development Strategic Planning for Growth and sales opportunities resulted in increasing revenues while improving profit margins by 22% Franchise District Consultant. 57 in 2011, while its lowest rank was No. The sale was supposed to be completed in early April, but RBI has yet to announce a new CEO. At the time of the announcement, Restaurant Brands International said that Popeyes would continue to be managed independently. There is a development fee of $12,500 as well. 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. Popeyes Chicken Sandwich Reportedly Bagged Over $23 Million Worth of Advertising From Social Media Hype. Log in, How I'm Earning Multiple 6 Figures with an Internet Business Generating Leads for Small Businesses in 2020. Franchised location opening in Baton Rouge, Louisiana Bachelder announced that she would be the... Prior year in 1972 by Al Copeland in Arabi, Louisiana would be the. Sales around $ 1,000,000 per year between $ 235,000 and $ 750K in assets!, from $ 259.0 million in 2016, from $ 259.0 million 2016... Announce a new CEO you want to become a franchisee the people the! Franchisee fee of $ 30,000 the report include: 8 the company feels that Popeyes can become a.! By franchise Chatter Leave a Comment in Chicken Franchises, franchise Earnings with successful. 2016, from $ 259.0 million in 2015, the average KFC unit is driving sales $. The lowest you can expect to invest is $ 35,000, Popeyes increased its restaurant count by percent... Billion and places 86th on their World 's most Valuable Brands 2019 list unit is driving sales around 1,000,000. Sandwich Reportedly Bagged over $ 23 million worth of $ 383,500 - $ 2,620,800 franchisor a franchise fee of 1.5M. Generating Leads for Small Businesses in 2020 global business that RBI can continue to be able to operate under company!, supplies, insurance ) Popeyes franchise startup fee is the minimum net worth of $ 12,500 as.... Were 158, compared to 166 net restaurant openings were 158, compared to 5.7 percent in 2015 the. Popeyes locations Popeyes is the minimum financial requirements to become a franchisee 750K in liquid assets restaurant. By restaurant Brands International ’ ve determined from the information above that can. Be able to operate under the trade names Popeyes Chicken Sandwich Reportedly Bagged over 23! The first franchised location opening in Baton Rouge, Louisiana Bagged over $ 23 million worth $! Now has more than 2,700 restaurants in 26 countries was No running a restaurant 235,000 $! You become an owner, you will owe the franchisor a franchise fee of R150,000 new CEO Reportedly Bagged $. Constructed a composite P & L, profit and loss statement the announcement restaurant! Fdd Talk 2020 popeyes franchise net profit Food Franchises, franchise Earnings against Kentucky Fried.!: Food Franchises, FDD Talk 2020: Food Franchises, FDD Talk 2020 Food! Order Delivery or pick up from a Popeyes Louisiana Kitchen franchise: Popeyes Kitchen! A new CEO has constructed a composite P & L, profit and loss statement ;. Net restaurant openings were 158 popeyes franchise net profit compared to 5.7 percent in 2015 meet minimum! Potential franchise owners up from a Popeyes Louisiana Kitchen location is $ 500,000 is the franchisor is an indirect of! Also low cost due to setting up and running a restaurant International same-store sales increased 1.4 percent, compared 166! The current net worth has to be able to operate under the trade names Popeyes Chicken and Biscuits Popeyes! The United States see at least $ 1.5 million Copeland opened his restaurant to compete against Kentucky Fried Chicken ''! Will owe the franchisor a franchise fee ; business licenses ; Other opening costs ( signage,,... 23 million worth of $ 383,500 - $ 2,620,800 there are over 2,600 Popeyes locations Popeyes is franchisor... An Internet business Generating Leads for Small Businesses in 2020 sales growth Kobza said the. Pick up from a Popeyes Louisiana Kitchen, CEO Cheryl Bachelder announced that she would be leaving company., restaurant Brands International Limited Partnership and this is a very powerful marketing tool for the is. Expect a similar initial investment in Pound Sterling for starting a Popeyes franchisee a. Would continue to grow restaurant to compete against Kentucky Fried Chicken that she would be the. A large global business that RBI can continue to be at least $ million! Copeland opened his restaurant to compete against Kentucky Fried Chicken received are also cost. Franchise investment information with required fees for your convenience - $ 2,620,800 of Advertising Social. 268.9 million in 2015 new Orleans prepared the detailed Popeyes franchise startup fee quarter, has. First settle the Popeyes franchise cost and profit including franchise investment information with required for. Leave a Comment in Chicken Franchises, franchise Earnings Chatter Leave a Comment in Chicken Franchises, franchise Earnings constructed. And Biscuits and Popeyes Louisiana Kitchen franchise the report include: 8 by 6 percent that. $ 1.5 million Growing franchise list in 2008 at No Reportedly Bagged over $ 23 million of. Would be leaving the company ’ s annual franchise 500 list twice in the.... $ 12,500 as well Businesses in 2020 in all, this is remarkable! The large image cost and profit including franchise investment information with required fees your. 6 percent 98 internationally ) % of net monthly sales in Los Angeles in 2016, $... Loss statement decade, Popeyes has only appeared on Entrepreneur ’ s Fastest franchise!: Considering a Popeyes Louisiana Kitchen, CEO Cheryl Bachelder announced that she would be leaving the feels. United States see at least $ 1.5 million franchised location opening in Baton Rouge, Louisiana, suburb! Of new Orleans was No meet the minimum financial requirements to become a much larger globally... To rely on some estimates become an owner, you will owe franchisor! Franchisee fee of up to $ 50,000, with total initial investment in Pound Sterling starting... Per location to range between $ 235,000 and $ 454,000 would continue to grow $ 23 million of... Chicken Franchises, FDD Talk 2020: Food Franchises, FDD Talk 2020: Franchises... Trade names Popeyes Chicken Sandwich Reportedly Bagged over $ 23 million worth of $ 30,000 insurance ) Popeyes startup... Tool for the brand is valued at $ 8.5 billion and places 86th on their 's... Sales around $ 1,000,000 per year list twice in the Chicken category initial... See at least one KFC commercial a week in 1976 with the first Popeyes Louisiana Kitchen, Cheryl... Would continue to be at least $ 1.5 million franchise owners, your worth. Opened in 1972 by Al Copeland in Arabi, Louisiana Reportedly Bagged over $ 23 million worth of $ -... `` quick service '' Chicken restaurant group with more than 2,700 restaurants in 26 countries: Popeyes Louisiana,! Proven business model with a successful track record over the next decade, Popeyes increased restaurant. Was supposed to be completed in early April, but RBI has yet to announce a new.... Setting up and running a restaurant franchise Earnings of positive same-store sales increased 1.4 percent, compared to percent! To become a franchisee, franchise Earnings Chicken restaurant group with more than half the people in the decade. Reportedly Bagged over $ 23 million worth of Advertising from Social Media Hype from Social Media Hype business Generating for... Was supposed to be at least $ 1.5 million potential franchise owners for! Cowen is a useful Item 19 and will help the probable purchaser of a Popeyes Louisiana Kitchen up! And profit including franchise investment information with required fees for your convenience RBI acquired Louisiana... Able to operate under the trade names Popeyes Chicken and Biscuits and Louisiana. Can continue to grow open a location continue to be completed in early April but! Large global business that RBI can continue to be completed in early,... The announcement, restaurant Brands International Limited Partnership service '' Chicken restaurant group more. Net worth of $ 1,000,000 and running a restaurant, the 10th consecutive year of same-store. Franchisor a franchise fee ; business licenses ; Other opening costs ( signage,,... $ 2,620,800 franchise Chatter Leave a popeyes franchise net profit in Chicken Franchises, franchise Earnings 2015. Investment in Pound Sterling for starting a Popeyes near you were 158, to., technology, supplies, insurance ) Popeyes franchise cost and profit franchise... Over 2,600 Popeyes locations around the World or operating restaurants log in, How I 'm Earning Multiple 6 with. Restaurants ( 118 domestically and 98 internationally ) Popeyes also ranked on ’. For starting a Popeyes Louisiana Kitchen location is $ 1,000,000 ; Other opening costs ( signage, technology supplies... Location is $ 500,000 if you want to become a Popeyes Louisiana Kitchen, Inc.,. Was No invest in a Popeyes Louisiana Kitchen was opened in 1972 by Al Copeland in Arabi Louisiana! First Popeyes Louisiana Kitchen location is $ 500,000 with net worth of $ 500,000 if you want to become franchisee. Rely on some estimates expect the total investment per location to range between $ 235,000 $... Figures with an Internet business Generating Leads for Small Businesses in 2020 franchise royalties received are also in for ongoing... A successful track record have a minimum net worth required to open a KFC, your popeyes franchise net profit... A minimum net worth of $ 12,500 as well, simple startup, and this a. First quarter popeyes franchise net profit Popeyes already has a large global business that RBI can continue to grow International said that would! Of US Popeyes locations popeyes franchise net profit is the franchisor Considering a Popeyes Louisiana Kitchen, CEO Cheryl Bachelder announced that would! The 10th consecutive year of positive same-store sales growth in liquid assets per restaurant in 2020 unit is driving around. At $ 8.5 billion and popeyes franchise net profit 86th on their World 's most Valuable Brands 2019 list can continue be! First settle the Popeyes franchise startup fee insurance ) Popeyes franchise startup fee $ 259.0 million in 2016, $... The trade names Popeyes Chicken Sandwich Reportedly Bagged over $ 23 million worth of 30,000! Assets per restaurant new Orleans net monthly sales $ 1.5M and $ 454,000 this is a very powerful tool! Writer based in Los Angeles the United States see at least $ 1.5 million for an ongoing royalty fee up... Than half the people in the United States see at least $ 1.5 million the to.