Are you looking for the Popeyes franchise but first, you want to know how much does a Popeyes franchise owner make?
Then you are at the right place. This article is about the Popeyes franchise and facts related to its profitability, investment, training, support, and so on. So, let’s begin.
What Is Popeyes?
Popeyes is a fast-food restaurant that mostly serves chicken. It was founded in 1972. Popeyes has gone by several names throughout the years, including Popeyes Chicken and Biscuits and Popeyes Famous Fried Chicken & biscuits, and so on. In 2008, they finally renamed it Popeyes Louisiana Kitchen, Inc.
In 1984, it started selling franchises, and currently, it has more than 3000 outlets across North America.
However, they are trying to open their franchise in Asia and United Kingdom but still have not been able to succeed in the mission because buying a Popeyes franchise is not an easy task.
If you are willing to buy a franchise, then you must have prior experience in managing many locations and knowledge of the retail product. Moreover, it also requires high-cost investment and charges many different fees.
How Much Does a Popeyes Franchise Owner Make?
As per statistics, Popeyes generated $4.967 billion in revenue through its sales in 2020. An individual Popeyes franchise can make $312,782, as per 2019 data.
However, this number is not accurate. But we can surely say that Popeye’s profitability is high. Also, we noted that Popeyes recorded 5 consecutive quarters of positive growth.
How much does a Popeyes Employee Earn?
Popeyes employees’ hourly rate ranges from $8.22 to $14.98 an hour. The company pays its employees an average of $10.5 an hour; however, it varies on your position.
An employee of Popeyes with the job title- of service manager can earn an average of $11.90 an hour, while other employees, like cashiers, can earn an average rate of $9.54. an hour.
What Is Popeyes Known For?
Popeyes is the world’s third largest chicken quick-service restaurant that is known for its Cajun-species meal and Louisiana-inspired dishes, but the main dish of the restaurant is chicken.
Also, they serve a variety of excellent sides, which include red beans and rice, macaroni, and so on. There are some items of Popeyes that are quite popular.
Let’s have a look at them:
- Chicken Sandwich.
- Chicken Nuggets.
- Spicy Chicken Sandwich.
- Chicken Blackened Tenders
- Cajun Fries.
- Homestyle Mac & Cheese.
- Mashed Potatoes.
- Chicken Spicy Tenders
Pros & Cons Of Popeyes Franchise
Pros Of Popeyes Franchise
- Signature Sandwiches
- Provide training
- Quite profitable
- Update their menu constantly
- No internal competition
Cons Of Popeyes Franchise
- The franchise fee is higher
- No global presence
- High-level competition
- The store requires more space
- High-cost investment
Is Popeyes Franchise Profitable?
There are different aspects that define the profitability of the Popeyes franchise. First is the cost of the investment; Popeyes require a high cost of investment which proves that the sales are a bit high, and that’s why they need higher investment.
Moreover, the brand is not present at the global level, but it is recognized as a big brand in America and Canada. And they are also trying to open their outlets in Asia.
Subsequently, as per data, a franchise owner can make around $312,782, which is a decent amount for any chicken-serving restaurant.
However, there is one downside that we have seen here- there are many additional fees and charges required by the franchisors to pay, which is deducted from your profit.
Overall, the sales of Popeyes are very high, and the profit margin is also good.
You Can Also Read: How Much Does A Domino’s Franchise Owner Make?
As we discussed above, Popeyes offers a franchise opportunity to entrepreneurs who have experience in managing multiple units and have knowledge of retail products.
Also, it requires a high cost of investment, and stores also require more place as compared to other chains.
The policies of the franchise are not rigid or flexible, but a requirement of a Popeyes franchise is quite high.
However, the profit potential is good, and research says that Popeyes’ sales are growing year by year. And they also provide various kinds of support and training programs to all new franchises.
But the major downside we have seen in this franchise is that they charge an additional and higher fee, which is deducted from the franchisee’s profits.
Overall, it is a growing brand, and there are high chances that the franchise can make more profit in the future.
Frequently Asked Questions
How many Popeyes franchises are there?
Popeyes has more than 3000 outlets around the world.
What is the annual revenue of the Popeyes Franchise?
An individual Popeyes franchise owner makes approximately $312,782 annually.
How much does it cost to buy a Popeyes franchise?
An initial investment required to open a Popeyes Franchise is $383,500 – $2,620,800.
Amit Gupta is the founder of DrFranchises. He has a keen interest in investments, and has thus far invested in a few franchises. Franchise businesses are his forte- he knows all there is to know about their space requirements, fees, ROI potential, and business models. This makes him an ideal candidate for anyone looking to invest in a franchise