How to Start a Popeye’s Franchise in Canada: Costs and Details
If you’re considering starting a Popeye’s franchise in Canada, here are the key steps and details to guide you:
Franchise Investment Requirements
- Initial Franchise Fee: CAD $50,000 (approximate, may vary by location).
- Total Initial Investment: Ranges from CAD $500,000 to CAD $2,000,000, depending on the size, location, and other factors.
- Royalty Fee: Typically around 5% of gross sales.
- Marketing Fee: Usually 4% of gross sales, contributing to national advertising campaigns.
- Liquid Capital Requirement: Minimum of CAD $500,000 available in liquid assets.
Steps to Open a Popeye’s Franchise
- Submit Franchise Application: Start by completing the franchise inquiry form on Popeye’s official franchise website.
- Attend a Discovery Day: Learn about Popeye’s operations, support systems, and expectations for franchisees.
- Location Selection: Work with the company to identify and approve an ideal site for your restaurant.
- Sign Franchise Agreement: Once approved, sign the agreement and pay the initial franchise fee.
- Construction and Setup: Build and equip your restaurant according to Popeye’s standards, with support from their team.
- Training: Complete the mandatory training program for franchisees and staff.
- Grand Opening: Launch your Popeye’s location with marketing support from the company.
Operational Considerations
- Restaurant Size: The average size for a Popeye’s franchise is around 2,000 to 2,500 square feet.
- Staff Requirements: A typical location requires a team of 20-25 employees.
- Ongoing Support: Franchisees receive operational support, supply chain assistance, and training updates from the franchisor.
Potential Revenue
- The profitability of a Popeye’s franchise depends on factors like location, customer traffic, and operational efficiency. Franchisees can expect competitive revenue due to the strong brand recognition and high customer demand for Popeye’s products.
Disclaimer: This information is for general reference only and has no guarantee of accuracy.