[central_va]

I am pleased to say that our commitment to excellence has paid off. Since 2008, we have built 1,236 new restaurants globally, including 552 internationally. We have posted seven consecutive years of global same-store sales increases. Average domestic unit volumes have grown from just under $1 million to nearly $1.4 million. We have nearly doubled domestic franchise Restaurant Operating Profits (ROP) from $177,000 in 2008 to $340,000 in 2015. Perhaps most importantly, we have grown our share of the Chicken Quick Service Restaurant (CQSR) market from just 14.8 percent in 2008 to 25.5 percent in 2015.

Ref link: 2015 Popeyes asset report

I am sure Fran Marion is so happy at this bonanza of profit.

[mountn man]

Have you looked at the requirements for being a franchisee???

Potential candidates should meet the following criteria:

1.Applicants MUST have restaurant operating experience and previous ownership in a multi-unit food service operation in the market that the applicants desire to develop.

2.Applicants MUST have substantial retail development experience within the local market proposed for development.

3.The number of restaurant franchises required to develop will be determined by Popeyes® after conducting an analysis of the market’s potential. Generally, Popeyes® will not consider any markets with a development requirement of less than fifty restaurants.

4.Applicants MUST possess sufficient capital to fund the development of the market. We currently grant franchises on an area development basis. The minimum net worth requirement is $1,000,000 USD per restaurant franchise to be developed that must be liquid cash or cash equivalents.

http://company.popeyes.com/franchise/international/franchise-process/

All restaurants don’t have to be built at one time, but are on a time frame for development.

As one store gets up and running (3-5 years) it’s time to sink that money into a new store or 2.

[PAR35]

Do you know what ‘average’ means? Do you know the difference between “Restaurant Operating Profits” and “EBITDA” (earnings before interest, taxes, depreciation and amortization)?