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Popeyes plans new restaurants in Indianapolis area

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AFC Enterprises Inc., the Atlanta-based company that franchises and operates Popeyes restaurants, plans to open seven to nine locations in 2012, mostly in the Indianapolis area, according to plans discussed in a financial statement.

AFC, which trades on the NASDAQ exchange, said this month that its "emphasis will be on aggressively pursuing significant domestic growth opportunities" by adding company-owned restaurants. AFC opened a Popeyes in Indianapolis in the fourth quarter last year and plans to spend $13 million to $15 million this year to open more restaurants as well as improve existing company-owned locations.

The plans were included in fourth-quarter and year-end results released earlier this month. AFC reported $24.2 million in fourth-quarter profit, up from $22.9 million a year earlier.

AFC opened 140 restaurants and closed 75 in 2011, resulting in a net increase of 65 locations in 2011 compared to 39 in 2010. 

The company has 2,035 operating restaurants in the U.S., Guam, Puerto Rico, the Caymen Islands and 25 foreign countries. It is the second-largest chicken fast-food operator behind Louisville-based KFC Corp.

Popeyes list six Indianapolis restaurants on its website and another central Indiana location in Whitestown. In 2010, five local Popeyes franchises operated by local franchisee Will Pace shut down, but some of those locations have since reopened.

 

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  • NEW RESTAYRANT
    Please consider a Popeyes restaurant in the Foley/Gulf Shores, Al area. I love to eat there.
  • More disposable boxes
    I'm so excited that they want to build a new one at Washington and Dearborn while there is an empty one sitting for sale at Washington & Sherman, about four blocks away.
  • heyheyhey
    How nice for us.
  • tax default
    From my recollection the Popeyes that closed were franchises that failed to pay state sales taxes collected for years so they went under. The company is apparently coming in with company stores and not fooling with franchises this time.
  • Indy #1 in grease soon
    A recent report showed Indianapolis to be ranked number 3 nationally in number of fast food places. Along with the recent addition of Jack In The Box, this should help the city get closer to being number one.
  • Re: How long this time?
    My thought, too! I tried to patronize the one one West Washington as much as possible and then poof, they were closed.
  • How long will they stay this time?
    Started to eat at the one on west Washignton Street by the old airport, soon after they went out of business. How are they opening new stores when they recently closed so many?

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