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Network of 2 Popeye’s Franchises in Upstate NY
Listing Number: 13528

Location: Upstate, NY
Asking: $1,600,000
Gross: $2,100,000
Cash Flow: $395,000

Summary Description:

  A rare opportunity to purchase 2 Popeye’s stores in upstate NY. The stores were recently built and both have long term leases and franchise terms in place. Both stores have a Drive-Thru and are not 24 hour stores. Combined Rent as a percentage of sales is ONLY 4.3% which is unheard of in the QSR world. Both stores operate 100% Absentee. A more hands-on owner operator could increase sales, reduce labor costs and increase profits. This is a tremendous opportunity to join the brand. Popeye’s has been ranked number 27 of the top 100 restaurants in 2015 by Nations Restaurants News. If you are looking to join a well-known respected QSR system with over 2,000 locations and system-wide sales of $2.4 Billion, then this store might be for you. To be approved by Popeye’s the buyer must have experience operating multi-unit fast food franchise brands or something similar. Please refer to listing number 13528 when inquiring about this opportunity.

Contact Information:

Contact: Elaine Iucci, Buyer Coordinator
Phone: 516-626-2211
Email: buyerdept@kensingtoncompany.com


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