Operating a successful franchise requires talent, dedication and a sincere commitment to the Popeyes® brand name. Our goal as a company is and always has been to partner with the best people in each market - people with a proven track record in business. Because franchisees are so important to our success, we are looking to expand our relationship with qualified individuals who possess the right mix of expertise and enthusiasm. Our ideal candidates possess each of the following characteristics:

• Solid business experience
• Proven expertise in owning or operating restaurants
• Previous franchise experience advantageous
• Net worth of $500,000 ($250,000 liquid) per restaurant
• Commitment to grow with Popeyes Chicken & Biscuits

• Development Fee: $7,500 per restaurant
• Franchise Fee: $30,000 per restaurant
• Royalty Fee: 5% of Gross Sales (as defined by us)
• Ad Fund: 3% of gross sales
• Term: 20 years

• Building: $330,000 to $420,000
• Equipment: $150,000 - $170,000
• POS: $25,000 - $35,000
• Signage: $15,000 to $30,000
• Due Diligence: $20,000 to $50,000
• Site: $100,000 - $240,000
• Miscellaneous: $18,000 - $26,000
  
• Real Estate: Real estate costs vary
  according to restaurant & lot size.
• Recommended minimum size of lot
  is 25,000 to 30,000 s/f

These fees do not include all costs associated with franchising with Popeyes.

Popeyes Chicken & Biscuits is providing these figures to assist you in analyzing your proposed restaurant construction. Site acquisition, site preparation and off-site utility costs are not included. We cannot estimate your actual investment for improvements. The costs of construction vary considerably depending upon the location and conditions affecting the local market of your restaurant. The above ranges represent our best estimates of construction costs for a 48-seat Popeyes restaurant. These estimates are based upon the experience on construction of company-owned freestanding restaurants as well as industry standard costs of construction. We do not warrant the accuracy of the cost estimates. We refer you to Item 7 of our Uniform Franchise Offering Circular for more detailed information regarding your initial investment for real estate and improvements.

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