AFC Enterprises Announces Completion of Restaurant Acquisition

AFC Enterprises Announces Completion of Restaurant Acquisition

ATLANTA--(BUSINESS WIRE)-- AFC Enterprises, Inc. announced the completion of its planned $13.8 million acquisition of 27 restaurants in Minnesota and California. As the Company indicated on its third quarter earnings call on November 8, 2012, the acquisition was approved by the bankruptcy court overseeing the bankruptcy of the seller. Twenty-six (26) of the acquired restaurants will be converted into the Popeyes Louisiana Kitchen image and the other restaurant property will be sold. The acquisition accelerates the growth of the Popeyes system and establishes the brand in underpenetrated markets.

Corporate Profile

AFC Enterprises, Inc. is the franchisor and operator of Popeyes® restaurants, the world's second-largest quick-service chicken concept based on number of units. As of September 30, 2012, Popeyes had 2,060 operating restaurants in the United States, Guam, Puerto Rico, the Cayman Islands and 25 foreign countries. AFC's primary objective is to deliver sales and profits by offering excellent investment opportunities in its Popeyes brand and providing exceptional franchisee support systems and services to its owners. AFC Enterprises can be found at

AFC Enterprises, Inc.
Investor inquiries:
Rebecca Gardy, Director, Finance & Investor Relations
404-459-4673 or
Media inquiries:
Alicia Thompson, Vice President, Popeyes Communications & Public Relations
404-459-4572 or

KEYWORDS:   United States  North America  California  Georgia  Minnesota


The article AFC Enterprises Announces Completion of Restaurant Acquisition originally appeared on

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.