POPEYES LOUISIANA KITCHEN
Source filing: WI · filed 2026-03-20
Item 5 — Initial franchise fee
$50,000 [p.25 · WI · 2026-03-20]
Item 6 — Recurring fees (royalty & advertising)
| Royalty2 & 3 | 5% of Gross Sales (see Notes 2 and 3). [p.29 · WI · 2026-03-20] |
|---|---|
| Advertising Contribution2 - 4 | 4.6% to 5.0% of Gross Sales (see Notes 2 - 4). [p.29 · WI · 2026-03-20] |
| Advertising Co-Op Contributions5 | Currently, 0.5% to 1.75% of Gross Sales as established by Advertising Co-Op (in addition to Advertising Contribution). [p.29 · WI · 2026-03-20] |
Full Item 6 schedule (including one-time and conditional fees) is in the FDD itself.
Item 7 — Estimated initial investment (total)
$1,222,045 [p.40 · WI · 2026-03-20] – $3,923,245 [p.40 · WI · 2026-03-20]
Base single-franchise offering as stated in the FDD's total row. Multi-unit or area-development formats are not broken out here.
Item 20 — Outlets
| Franchised outlets at start of year | 3,079 [p.104 · WI · 2026-03-20] |
|---|---|
| Franchised outlets at end of year | 3,134 [p.104 · WI · 2026-03-20] |
| Net change in franchised outlets | 55 [p.104 · WI · 2026-03-20] |
| Transfers | 229 [p.107 · WI · 2026-03-20] |
| Terminations | 14 [p.112 · WI · 2026-03-20] |
| Non-renewals | 2 [p.112 · WI · 2026-03-20] |
| Ceased operations (other) | 33 [p.112 · WI · 2026-03-20] |
| Company-owned outlets at end of year | 95 [p.104 · WI · 2026-03-20] |
Item 19 — Financial performance representation
Headline cohort
Free-standing franchised Popeyes Restaurants open full FY2025 · 12-month period ended December 31, 2025
| Outlets in sample | Average | Median | High | Low |
|---|---|---|---|---|
| 2,248 [p.90 · WI · 2026-03-20] | $1,893,675 [p.90 · WI · 2026-03-20] | $1,785,736 [p.90 · WI · 2026-03-20] | $5,931,837 [p.90 · WI · 2026-03-20] | $492,576 [p.90 · WI · 2026-03-20] |
All disclosed cohorts (3)
| Cohort | Outlets | Average | Median | High | Low |
|---|---|---|---|---|---|
| Free-standing franchised Popeyes Restaurants open full FY2025 12-month period ended December 31, 2025 |
2,248 [p.90 · WI · 2026-03-20] | $1,893,675 [p.90 · WI · 2026-03-20] | $1,785,736 [p.90 · WI · 2026-03-20] | $5,931,837 [p.90 · WI · 2026-03-20] | $492,576 [p.90 · WI · 2026-03-20] |
| In-line franchised Popeyes Restaurants open full FY2025 12-month period ended December 31, 2025 |
496 [p.92 · WI · 2026-03-20] | $1,802,688 [p.92 · WI · 2026-03-20] | $1,656,017 [p.92 · WI · 2026-03-20] | $5,532,409 [p.92 · WI · 2026-03-20] | $556,497 [p.92 · WI · 2026-03-20] |
| Food court franchised Popeyes Restaurants open full FY2025 12-month period ended December 31, 2025 |
187 [p.94 · WI · 2026-03-20] | $1,328,516 [p.94 · WI · 2026-03-20] | $1,177,028 [p.94 · WI · 2026-03-20] | $5,570,945 [p.94 · WI · 2026-03-20] | $336,393 [p.94 · WI · 2026-03-20] |
“The following tables present information about the 2025 annual sales and 4-Wall EBITDA of certain Popeyes Restaurants in the United States.” [p.89 · WI · 2026-03-20]
Extraction notes
- Item 7 totals were extracted with model assistance and verified against the cited page.