Industry News | October 17, 2012

Popeyes Dishes Out a Cool $14M for MN, CA Restaurants

AFC Enterprises, the franchisor and operator of Popeyes Louisiana Kitchen restaurants, announced that it has entered into a definitive agreement to acquire 28 restaurants in Minnesota and Northern California at a price of $13.8 Million.

The restaurants are currently in the trade image of another quick-service restaurant concept.

The company intends to convert the restaurants to Popeyes Louisiana Kitchen restaurants at a cost of approximately $11.5 Million.

Following the conversion, the restaurants will be leased to Popeyes franchisees to operate.

The purchase agreement is subject to bankruptcy court approval and the acquisition is expected to close in November.

“The rapid opening of 28 new Popeyes restaurants will give Popeyes a major footprint in places where we currently have almost no presence,” says Cheryl Bachelder, AFC Enterprises CEO. “We are delighted at this opportunity to accelerate the growth of the Popeyes system and to bring Popeyes’ fresh new image and flavorful food to the people of Minneapolis/St. Paul and Northern California.”


I have to food proliferation is a bad thing in general but at least their chicken tastes better and is less greasy than KFC's...Wonder if that's the business' they are occupying.

Popeyes is better company than KFC . Good food better organization. Congratulations to Popeyes president. She is doing awsome job working with franchisees. soon there will be no KFCS existing in North america.

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