Popeyes Louisiana Kitchen
Food & Beverage · Quick-Service Restaurants
- Active units
- 3,134
- Royalty
- 5.0%
Franchised, year-end 2025
of weekly Net Sales
About Popeyes Louisiana Kitchen
Our Westfield Stratford store is now open, come try the sandwich that broke the internet
Key terms
- College Incentive Program
Initial Franchise Fee 12,500; 0% Advertising Contribution for term; Royalty 3% (2026 openings), 4% (2027), 5% (2028)
- Airport Incentive Program
Initial Franchise Fee 12,500; 0% Advertising Contribution for term; Royalty 4% for term
- Brand fund
5.0% of Net Sales
- Footprint
1,600 – 3,500 sq ft
- Multiple Target Reservation Agreement (MTRA) Deposit
$25k
- Development Agreement – Prepaid Initial Franchise Fees
$50k
- Veteran discount
Initial Franchise Fee reduced to 27,500 for first new Franchised Restaurant; royalty 2% of Gross Sales for 6 months
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2026 filing); filings on file: 2024, 2025, 2026.
Growth
- Total locations3134
Franchised units open at year-end
- New openings104
Gross new units opened during the calendar year
- 1-year unit growth rate1.8%
Net unit growth versus prior year
- 3-year unit CAGR1.6%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio6.5×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)—
Per FDD Item 19 disclosure
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate2.0%
Year-over-year change in median AUV
- Store-level EBITDA Margin13.0%
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$2.2M
Midpoint of estimated initial investment range
↓ Lower is better - Time to open18 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate5.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio—
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns11.5%
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.