Information on the Popeyes Franchise
AFC Enterprises is the parent company of Popeyes Louisiana Kitchen restaurants. In December 2009, AFC Enterprises reported that only 37 Popeyes restaurants were operated by the company. The rest of the 1,943 Popeyes restaurants are franchises. AFC Enterprises indicated that it planned to aggressively market its brand and increase the number of restaurant franchises.
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Qualifications
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As of November 2010, prospective franchisees were required to have five years of experience in owning or running a restaurant. Applicants for franchises within the United States were required to prove a net worth of at least $500,000 with a minimum of $250,000 in readily available liquid assets for each restaurant they wished to open. If they didn't meet these conditions, they could apply with partners.
Cost
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Starting a Popeyes franchise will cost from $292,300 to $442,100, Entrepreneur.com estimates. The total outlay varies because the cost of developing a restaurant differs by location. The expenditures include a $30,000 franchise fee and a $7,500 development fee AFC Enterprises. In addition to the start-up expenses, franchisees pay a royalty of 5 percent of gross sales plus advertising fees.
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Benefits
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Popeyes trains new franchisees at its facility in Atlanta. The company assists with market development and programs to improve operational efficiency. A Popeyes training team visits restaurants to train staff before each grand opening, and restaurant operators receive ongoing advice from corporate headquarters.
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