SALINA, N.Y. — A franchise location of the Popeyes restaurant chain, which specializes in Southern-style fried chicken and biscuits, is planned for Route 11 in Salina.
The franchisee, Erie Chicken, LLC, has signed a long-term lease for the 2,565-square-foot-building at 3609 Brewerton Road (corner of Elbow Road and Route 11), according to a news release from John Bouck, broker and owner of Auburn–based Bouck Real Estate, who negotiated the transaction.
Bouck says Erie Chicken will be doing “substantial reconstruction” and renovations on the building, which was formerly home to a Kentucky Fried Chicken restaurant that closed about two years ago.
(Sponsored)
The Pay Transparency Laws Become Effective On September 17th. Are You Ready?
Later this month New York will join a handful of States in the US which require greater transparency in wages. In December 2022, the Governor signed into law new wage
What Distressed Property Owners Might Expect From the IRS
The commercial real estate market has been rough for some time, and the residential market has seen wild fluctuations. Inflation, high interest rates and decreased demand for office space have
The expected opening date for the Popeyes eatery has yet to be announced.
“That location is on one of the most heavily traveled and visible sites in the North Syracuse area,” Bouck said in the release. “Popeyes will be in a perfect, freestanding location, for its long-term growth…”
Bouck represented COTA Development, owner of the property, in the transaction. Final financial terms of the lease were not disclosed. However, Bouck Real Estate had listed the lease price as $49,000 per year on its website. The building is 15 years old and is assessed at $394,000, according to the property listing.
Elsewhere in Central New York, Popeyes opened a location in Utica’s Oneida Square in early October, and Destiny USA has had a Popeyes since June 2012.
Parent company Popeyes Louisiana Kitchen, Inc. (NASDAQ: PLKI) is an Atlanta–based developer, operator, and franchiser of quick-service restaurants operating under the trade names, Popeyes Louisiana Kitchen and Popeyes Chicken & Biscuits. With 2,315 total restaurants, as of Oct. 5, the company says it’s the world’s second-largest quick-service, chicken restaurant chain.
Popeyes Louisiana Kitchen, Inc. generated revenue of $206 million and net income of $34 million in 2013, according to its annual report. Through the first 40 weeks of this year, ending Oct. 5, it had produced revenue of nearly $179 million and net income of $29 million, according to the company’s earnings report issued on Nov. 12.
Contact Rombel at arombel@cnybj.com
