Popeyes Chicken Real Estate For Sale

Established in 1972 in New Orleans, Louisiana, Popeyes quickly became a popular fast-food restaurant both in the US and worldwide. The restaurant chain is currently a subsidiary of Toronto-based Restaurant Brands International — a multinational fast food holding company that has other subsidiaries like Tim Hortons. 

Popeyes, as of 2020, has 3102 restaurants across the world. The company is actively serving people in more than 40 states and 30 countries worldwide. Approximately 30 of these locations are company-owned and the rest are franchised. 

The company generates an average of more than $1.8 million in sales per restaurant according to Popeyes’ CEO Jose Cil. Solely based on 2019 figures, 1.8 million dollars ranks Popeyes in 13th place among the top 50 highest-grossing quick-service chains in the country. 

In 2020, Popeyes’ systemwide sales increased nearly 18% with an increase of 14% on global sales. Net restaurant growth in 2020 was $5,143 billion, up substantially from the 2019 amount of $4,397 billion. 

Sales have trended upward recently: the company reported $3,732 billion in 2018, up from 2017’s $3,512 billion. 

On top of that, despite Covid-19’s negative effects on the broader economy, Popeyes opened 132 restaurants in the US, in 2020. This shows the continuous growth of Popeyes and it’s expected to grow even more in the upcoming years. Needless to say, the demand for Popeyes remains stronger than ever. 

In short, Popeyes is a great option for investors. 

In order to open a location, one needs to have $250,000 as liquid capital while the required minimum net worth is $500,000. The required amount of investment to become a franchisee varies between $500,000 and $1,000,000.