Get All Access for $5/mo

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

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

Most Popular

See all
Growing a Business

5 Effective Strategies to Boost Your Business's Online Presence

Boosting your online presence in 2025 is the key to success for businesses looking to grow. Working on your branding and reputation management is important to drive more sales and improve conversion.

By James Dooley
Marketing

He Pitched His First Business at 12 and Sold a Company for 8 Figures When He Was 23. Here's This Gen Z Marketing Expert's Next Big Move.

Griffin Haddrill built a marketing empire working with artists like Justin Bieber and Lil Nas X. Learn how he tapped into Gen Z's digital culture and turned viral campaigns into a business model.

By Leo Zevin
Business News

Apple Is Adding ChatGPT to iPhones This Week. Here's How It Works.

ChatGPT will take over questions that Siri can't answer.

By Sherin Shibu
Business News

Elon Musk Is Still the Richest Person in the World and Just Hit a Record Net Worth of Over $400 Billion. Here's How.

Several factors have helped the world's richest person reach the milestone.

By Erin Davis
Science & Technology

Use This Framework to Successfully Integrate AI Into Your Business Operations

Here's how to ensure both innovation and compliance when using AI in your organization.

By Majeed Javdani
Growing a Business

Why Business Owners Should Streamline Their Operations Now for Success in 2025

As the holiday season and year-end approach, business owners face heightened operational demands, from inventory management to spend control. By streamlining these processes and partnering with flexible suppliers, businesses can maintain efficiency, meet customer needs and focus on growth while navigating this busy period.

By Ashley Hubka