By NATARIO McKENZIE
Tribune Business Reporter
nmckenzie@tribunemedia.net
Popeyes Bahamas is investing more than $2 million to launch its second restaurant on Carmichael Road before year-end 2016, a move that is expected to create 80 jobs.
Selina Archer, marketing manager for Aetos Holdings, owner of the Wendy’s, Marco’s Pizza and Popeyes Louisiana Kitchen franchises, confirmed that the second Popeyes restaurant - adjacent to the Southwest Plaza - will open before year’s end.
“We will be open before the end of the year. That is the plan. We will be creating 80 new jobs between the managers and the crew,” said Ms Archer yesterday.
“As far as the total investment is concerned, it’s roughly $2 million plus for that building.”
Ms Archer said the second Popeyes outlet will feature a dual drive through system similar to the second Wendy’s Carmichael Road outlet, which opened in 2012.
“Last year we had some issues with the traffic at the Prince Charles Drive location, so we’ve considered that this time in the build,” said Ms Archer.
Aetos Holdings is owned by the Tsavoussis brothers, Chris and Terry. They unveiled the Popeyes franchise last December, with the build-out of a 4,000 square foot Popeyes flagship eatery on the north side of Prince Charles Drive, before the intersection with Fox Hill Road.
The acquisition of the Popeyes franchise gave the Tsavoussis brothers and Aetos Holdings a ‘chicken’ brand to pair with their existing ‘fast food’ hamburger and pizza offerings.
They are competing heavily with George Myers, and the Myers Group, and BISX-listed AML Foods and its Domino’s Pizza and Carl’s Jnr brands, to become the dominant player in the Bahamas’ fast food franchise market.
Comments
John 7 years, 4 months ago
Will take a miracle for this place to be completed and open before January, 2017, But it is good that persons are still investing in the economy, creating jobs and seeing healthy returns on their investment. The unemployment rate in the US is around 5%. This is the lowest its been since the 1990's (pre-Reagan) and is expected to fall even lower as the economy accelerates in anticipation of Donald Trumps promise to spent billions to revamp US industries and rebuild infrastructure. This is what China did to starve of a recession when their economy started to slide downwards. Apparently it worked as China's economy has been stabilized and e growth rate of 6% is expected in 2017. Not only will Donald Trump inherit an economy that is booming but one that is over performing The stock market has set days of new records since his election. Many believe his promise to cut taxes and red tape for businesses that remain in the US and "punish" those that move jobs overseas in helping to drive the economy up and the unemployment numbers down. Even as discouraged workers come back int the workforce and start seeking employment the numbers under Obama's leadership are going down. While unemployment numbers are down here due to hurricane Mathew's clean up and restoration, and is expected to go down even more as local businesses take on additional staff for the Christmas holidays, the future still remains bleak, especially with the uncertainity of Bah Mar's opening Many smaller businesses still continue to struggle to remain open and government has not made it easy for them with heavy tax burden and reporting requirements. especially for Vat and the tax compliance certificate.
ohdrap4 7 years, 4 months ago
more slave food.
sheeprunner12 7 years, 4 months ago
Seriously??????? .............. Do we really need anymore of this poison fast food in Nassau???? ........... or is this the only form of FDI we can attract now?????????
bahamalove 7 years, 4 months ago
Despite people having freedom of choice to eat what they want, presenting us with all of these unhealthy options for cheap food does not bode well for our healthcare system and its associated high costs. I don't blame the owners for wanting to expand their investments, but just like the webshops, the government needs to give serious consideration to limiting the amount of fast food restaurants in the Bahamas or the high rates of obesity and illnesses like diabetes will continue to plaque the Bahamas. The people that own these restaurants do not eat this type of food so why should we. Our island, especially the over-the-hill areas, is proliferated with these places. Let's get back to our family island basics like growing your own food via backyard farming and cooking healthy meals at home.
sheeprunner12 7 years, 4 months ago
100% agreed .......... yard chicken and bush hog is the way to go
Well_mudda_take_sic 7 years, 4 months ago
These two Greek guys are laughing all the way to the bank as they drive up our healthcare costs with this poisonous food that literally kills hundreds of Bahamians annually and has many of our less impoverished children grossly over-weight. Hell, these two Greeks don't even live in the Bahamas and own similar fast food establishments on the west coast of Florida. The profits they make on their Bahamian fast food operations are sucked out of the Bahamas in U.S. dollars thanks to the Exchange Control Dept of The Central Bank turning a blind eye (and possibly even assisting) because of their secretive elitist (and much darker) Bahamian business partner who has an awful lot of political clout to enable things to get done that should not be done. The contribution to our economy of the additional 80 jobs will pale in comparison to the additional healthcare costs our country will incur. At one time, all of these types of fast food outlets were banned from operating in the Bahamas and just about every senior healthcare professional and senior healthcare insurer in the Bahamas today will tell you the the Bahamian people back then were much healthier for it.
sheeprunner12 7 years, 4 months ago
I will support any party that says it will close down fast-food franchises in The Bahamas ........... put them in the hotels where the American tourists can eat their own junk ............ let us stick with conch salad, fritters and fried fish
John 7 years, 4 months ago
Yes many Bahamian restaurants have closed because they cannot compete with the fast food joints, whose food is already prepped and portioned and some is already precooked (even french fries) they can move volumes of it at the drop of the coin. But lots of Bahamians live the 'on the go lifestyle' and so they live of fast food. Some cannot afford Boil fish or stew fish at a cost of $18.00 to $20.00 a plate. so they buy the farm raised, fresh water fish that is not good for human consumption. and all the other deep fried food that the fast food joints sell. Even Chinese restaurants fare better than Bahamian restaurants because they have ways of keeping their costs down.
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