AFC Enterprises to Sell Up To 500 Company-Owned Restaurants <b></b>

Dec 11, 2000

Share

Atlanta, GA - AFC Enterprises Chairman FrankBelatti recently announced the company's intention to sellbetween 400 and 500 company-owned restaurants over the next severalyears. The company, which operates Church's Chicken, PopeyesChicken, Cinnabon, Seattle's Best Coffee and TorrefazioneItalia, currently owns 910 of its 3,500 worldwide units.

AFC's goal is to franchise about 75 of its company-ownedrestaurants each year. Belatti would like the company to eventuallyown about half the locations it currently does. "We intend tobecome a franchising company," he said.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Steve Jobs' 3 Public Speaking Power Moves Remain Just as Relevant Today, 13 Years After His Final Keynote at the Apple Developers Conference
I Blocked a Toxic Childhood Friend and It Taught Me an Important Lesson About Managing People
10 of the Biggest Business Blunders in 2024 (So Far)
'I've Never Regretted Leaving the Corporate World Behind': This Former Lawyer Now Makes Six Figures on YouTube — Here's How
5 Ways to Fix Your Lack of Inspiration
'Unpredictability in Various Forms' — How Franchisees Can Adapt and Protect Themselves From Election Year Uncertainty

Most Popular

Living

How Faith Powers This Entrepreneur's Ability to Persevere and Grow

Marc Contreras shares his journey from humble beginnings in Mexico to becoming a successful entrepreneur in the United States.

By Jeff Fenster

Data & Recovery

Get Lifetime Access to 1TB of Storage for $80 with This Google Drive Alternative

FolderFort features a simple interface and guaranteed 99.99 percent uptime.

By Entrepreneur Store

Business News

Wells Fargo Reportedly Fired More Than a Dozen Employees for Faking Keyboard Activity

The bank told Bloomberg that it "does not tolerate unethical behavior."

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Leadership

Companies Everywhere Use Personality Tests to Understand Their Employees. But Is That Enough?

Employers are finding that personality tests — how their team thinks and feels — are becoming more useful than ever. But are they ethical?

By Lissele Pratt

Devices

Stay Focused with These JBL Headphones for $25

These on-ear headphones support Siri and Hey Google along with hands-free calls.

By Entrepreneur Store