Popeyes U.S. comps -5.2% Q2’26Wingstop domestic SSS -7.5% Q2’26KFC U.S. units 3,523 YE’25Dave’s unit growth +52.3% FY’25Chick-fil-A AUV $9.16MCane’s systemwide $5.48B FY’25Franchisee QSR cap 6.85%Corporate QSR cap 5.85%Category growth +5.3% ’25Wings wholesale $0.98/lb YE’25
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Home / Operators / KBP Brands
Operator profile

KBP Brands

Acquiring KFCTaco BellArby'sSonic Drive-In
831
Chicken units
1,224
Total units
Kansas
Headquarters
Midwest
Primary geography
Southeast, Mid-Atlantic, Multi-region

Known activity

  • The nation's largest KFC franchisee at 831 KFC locations1 (2026)
  • 1,224 total units in 2026, up from 1,119 in 20251 (2026)
  • Portfolio breakdown reported as 828 KFC, 119 Arby's, 85 Sonic and 56 Taco Bell1 (2025)
  • Growth into Inspire Brands via 119 Arby's and 85 Sonic units — 167 Sonic units acquired across two rounds1 (2025-2026)
  • Acquired 28 KFC restaurants in North Carolina and South Carolina from Scottish Food Systems2 (2024)
  • Crossed 1,000 locations, extending beyond the Yum! Brands family3 (2025-09)
CSW Analysis

KBP is the single most important counterparty in U.S. KFC real estate. With 831 KFC units it controls roughly a quarter of the entire U.S. KFC system at a moment when the brand is closing more than 300 restaurants a year — which means KBP is simultaneously the biggest buyer of KFC assets and the biggest source of KFC dispositions. Any strategy involving KFC boxes, second-generation conversions or franchise transfers runs through this operator.

Sources

Every figure on this page is attributed. CSW does not publish estimates as facts — where a number is unavailable it is shown as “—”, and where a figure is derived arithmetically from two published figures it is marked as derived.

  1. [1] Franchising.com — 2026 Multi-Brand 50: Scale Evolves into Strategy (2026-06)
  2. [2] Franchise Times — KBP Adds 28 KFCs to 600-plus Unit Portfolio, Plus More Bold Deals (2024)
  3. [3] Franchising.com — The $1 Billion Man: KBP Brands tops 1,000-plus locations (2025-09)