How much is a KFC Franchise
KFC or Kentucky Fried Chicken is a popular fast food chain that has molded itself into a popular franchise tycoon as it is well known in the country and throughout the world as a profitable restaurant franchise option.
The Kentucky Fried Chicken Fast-food Restaurant Chain of stores, was spearheaded into its success by the founder Colonel Harland Sanders, who coined the phrase ‘finger lickin’ good’ to associate all his chicken dinners.
The company currently has branches around the world, with around 14,000 in more than 82 countries. The restaurant serves traditional family recipes whose main ingredients still remain secret to this day. Based in Louisville, Kentucky the Kentucky Fried Chicken restaurant is the most popular chicken restaurant around, famous for all their unique and traditional chicken recipes for chicken such as the Original Recipe, Colonel’s Crispy Strips, and Extra Crispy chicken, all of which may be served with a variety of homemade side dishes and sauces, other famous servings on the menu include the Honey BBQ wings and chicken sandwiches.
The total investment required to start up the Kentucky Fried Chicken Franchise, ranges from around $1,200,000 to $1,800,000 and the initial franchise fee is at $25,000. The royalty fee for the franchise is at 4% with a term of agreement renewal fee at $4.9k renewable every 20 years. Broken down, the costs are $500,000 in real property, $250,000 in equipment and signage, $325,000 in construction, $5,000 in opening advertising, $7,000 in utility deposits and business licenses, $2,300 for the initial training, $10,000 for the opening inventory, $5,000 in miscellaneous opening costs and around $13,000 for the three month cushion on the operational expenses. You may need to contact a financial firm or lender to afford the start-up costs.
Another thing to remember when applying for the franchise is that the franchisees are required to purchase master licenses and own multiple units of the franchise. Absentee ownership of the franchise is not allowed and other franchises that are part of the franchise family include A&W restaurants, Pizza Hut, Taco Bell and Long John Silver’s as all these franchises are owned by Yum Brands.
To qualify for the franchise you will need to have at least some basic business experience and restaurant industry experience and marketing skills are also essential. Review the requirements and contact Yum brands to discuss applying for the franchise. Approval usually takes around a month or two as they research through your paperwork. This paperwork should include a draft of your business plan, the site location in which you want to build your establishment and other factors that you wish to discuss when you meet with the franchisor. Once you have been approved for the franchise you will called into training and their Franchise Business Coach program which will not only provide you with your initial training experience necessary but also provides ongoing training and support.