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- RBI Targets 800 More Popeyes Locations
RBI Targets 800 More Popeyes Locations
Burger King, Popeyes, Firehouse Subs & Tim Hortons Owner Unveils Ambitious Growth Plan
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RBI Targets 800 More Popeyes Locations
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GOAT CHICKEN SAMMIE
RBI Targets 800 More Popeyes Locations (Read More)
Popeyes
Restaurant Brands International (Owner of Burger King, Popeyes, Firehouse Subs, and Tim Hortons) Aiming for Significant Growth and Expansion Strategy
Massive Growth Plan: RBI targets 40,000 restaurants, $60B in sales, $3.2B in operating income by 2028, with over 5% net unit growth annually.
Quick-Service Evolution: McDonald’s, Starbucks, Domino’s & Yum! Brands ramping up store counts to 60,000 in 2024
Popeyes' Potential: Projected to grow from 3,400 to 4,200 stores in U.S. & Canada by 2028.
Stake in Chicken Market: Popeyes has become a major player in the chicken QSR segment since RBI's acquisition.
Quality Differentiation: Popeyes' product offerings, including the famous chicken sandwich, drive significant sales growth.
Innovative Offerings: Introduction of new wing flavors and focus on premium, hand-prepared chicken products.
Operational Streamlining: Emphasizing efficient kitchen design, tech integration, and quality control in food prep.
Enhanced Marketing: Highlighting product quality and unique brand identity to drive positive guest perceptions.
Future Plans: Strategy to enhance profitability for franchisees, streamline operations, and expand digital and delivery services.
Profitability Boost: Aim to increase average profitability to $300,000 by 2025 through operational efficiencies.
Technological Advancements: Implementing automated processes, digital tools, and improved order accuracy systems.
TRIPLE NET TENDIES
🧠 Thought Leader: J. Clint Jameson shares a deal story about how he lost $600K developing a Starbucks site.
👂 Ear Hustle: Breck DeHart shares how PNC plans to invest $1B to add 100 new branches and renovate 1,200
💎 Web Gem: Adam Dunn shares his #1 mistake he made early in his brokerage career
NET LEASE NUGGIES
BJ's Restaurants faces mixed results in Q4 with a revenue drop but improved comp sales and restaurant-level margins. The company missed overall performance estimates yet shows promise with new cost-saving initiatives and plans to boost margins back to pre-Covid levels. Efforts include menu simplification, improved employee retention, and finding savings in food sourcing, remodeling, and procurement. (Read More)
Grocery Outlet expands into the Southeast. Grocery Outlet Holding Corp. will acquire United Grocery Outlet (UGO) in a $62 million cash deal, adding 40 stores in Tennessee, North Carolina, Georgia, Alabama, Kentucky, and Virginia. The acquisition aligns with Grocery Outlet's growth strategy, aiming to open 15-20 more stores in 2024. The company sees UGO as a complementary fit and anticipates enhanced earnings from the venture. (Read More)
BEAST TWEETS x POSTS
🐦 3NDeveloper: I would like to bring caution to a (newer) wave of retail investments, which has been flooding the market lately…
🦅 The Real Estate God: I often get asked “how do you know when a deal looks interesting?”…
🦢 Triple Net Investor: The majority of new fast food chains will eliminate in-store dining and will be entirely drive thru/take-out in 10 yrs…
🦆 Tyler ApeDurden: Gradually, then all at once…
VISUAL OF THE DAY
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