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Popeyes Properties For Sale

    



Interested in Purchasing a Popeyes Property for Investment?

 

If you wish to purchase a Popeyes property for investment, please email info@nnndeals.com; We have access to an extensive inventory of triple net Popeyes properties for sale in Washington DC, Maryland, Virginia and the entire United States.

 

 

Popeyes

 

 
Price: 

$1M - $3M


Lease Term
:

10 – 15 Years


Increases:
 
10% Every 5 years 
Lease Extensions: 20 – 40 Years  

Lease Type
:
Absolute NNN Lease 

Lease
Guarantee: 

Corporate and Franchise
CAP Rate Ranges:
6% – 7%
Wholly owned subsidiary
Industry Restaurants
Genre Fast food
Founded Arabi,Louisiana, U.S.
(June 12, 1972)
Headquarters Sandy Springs,Georgia, U.S.
Number of locations
2,000 (2014)
Key people
Al Copeland
Products Fried chicken
Cajun cuisine
Seafood
Vegetables
Biscuits
Revenue $206 million (2013) [1]
Owner Popeyes Louisiana Kitchen, Inc.
Number of employees
2006(Dec 2013) [1]
Slogan Louisiana Fast
Website www.Popeyes.com

 


      

About Popeyes:

 

Popeyes Louisiana Kitchenis an American chain of fried chicken fast food restaurants founded in 1972 in New Orleans, Louisiana. Often referred to asPopeyesand sometimes asPopeyes Chicken & Biscuits[2]orPopeyes Famous Fried Chicken & Biscuits,[3]it was acquired by Sandy Springs, Georgia–based AFC Enterprises, originally America's Favorite Chicken Company, in 1993. According to a company press release dated June 29, 2007, Popeyes is the second-largest "quick-service chicken restaurant group, measured by number of units",[4]with more than 2,500[5]restaurants in more than 40 states and the District of Columbia, Puerto Rico, and 30 countries worldwide including Bahrain, Canada, China, Costa Rica, Northern Cyprus, Republic of Georgia, Guyana, Honduras, Hong Kong, Indonesia, Iraq, Jamaica, Jordan, Kuwait, Malaysia, Mexico, Panama, Peru, Qatar, Saudi Arabia, Singapore, South Korea, Suriname, Trinidad, Turkey and Vietnam. About thirty locations are company-owned, the rest franchised. [6]As of January 2014, Popeyes has over 2,000 restaurants worldwide according to their website.[7]

 

Popeyes Mighty Good Fried Chicken was first opened in Arabi, Louisiana, a suburb of New Orleans in  St. Bernard Parish, on June 12, 1972 as "Chicken on the Run",[8] owned by Al Copeland. As the company's official history states, they sold "traditional mild fried chicken [but] business was slow, and the chicken team realized they'd have to sell a spicier alternative to their standard chicken recipe if they wanted to impress flavor-seeking New Orleanians. Copeland started franchising his restaurant in 1976, beginning in Baton Rouge, Louisiana and over the next ten years added approximately 500 outlets. B.P. Newman of  Laredo, Texas, acquired various franchises in Texas and surrounding states. Two hundred additional locations were added during a period of slower expansion. By 1990, Copeland Enterprises was in default on $391 million in debts, and in April 1991 the company filed for bankruptcy protection. In October 1992, the court approved a plan by a group of Copeland's 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.[9] AFC went public in 2001 with initial public offering (IPO)of $142,818,479.[10] On December 29, 2004, AFC sold Church's toArcapita, formerly Crescent Capital Investments, retaining Popeyes.[citation needed]

On June 17, 2014, Popeyes announced it had re-acquired full control of its seasonings, recipes and other proprietary food preparation techniques from Diversified Foods & Seasonings, which remained under the control of Al Copeland and his estate after the creditor sale of Popeyes to AFC. Popeyes had continued to license the seasonings, recipes and techniques from DF&S for a yearly 'spice royalty', before buying them outright for $43 million. DFS will remain the main supplier for Popeyes until at least 2029.[11]

 

Popeyes  Properties For Sale Across the United States: 

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky,  Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey,  New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma,  Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands,  Washington, West Virginia,  Wisconsin,  Wyoming    

 

 

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