Kentucky Fried Chicken Franchises
Kentucky fried chicken franchises
Kentucky Fried Chicken franchise is one of the world's first fast food restaurants and one of the best because of their original recipes and top of the line customer service. Kentucky Fried Chicken has been serving the masses since the 1930's and now has hundreds of branches around the world serving millions of customers. If you want to start a fast food business, Kentucky Fried Chicken is the one of the best choices. It has a stellar reputation and it a proven track record of success.
Kentucky Fried Chicken is one of the members of Yum! Brands Inc. Other popular restaurant chains which belong to the same company are Taco Bell, Pizza Hut and Long John Silver's. Yum! Have businesses in 37,000 locations in over 120 countries around the world. It also ranked 239 on the Fortune 500 list, which is quite an achievement.
How to Start a KFC Business:
Becoming a franchisee of Kentucky Fried Chicken franchise is a sure way to gain profits but it may not be for everyone. There are qualifications to be met before an applicant gets the green light on franchising.
Individuals who are interested in starting their very own KFC business will need to invest a total of $1.5 to $1.8 million. The minimum financial requirement is actually a $1.5 million net worth and $750,000 in liquid assets. The initial franchise fee costs are $25,000. There is also a 20-year agreement which a franchisee must commit to. Provided that all qualifications and requirements are met and the application for franchise is accepted, there is also the annual renewal fee of $4.9K. Interested individuals need to take note that KFC is a restaurant business and it is hands-on. Experience in the food business is needed to make the business successful. For some people who do not have such experience, it will be helpful to hire someone who does to make sure the business stays afloat.
However, to be a franchisee, an individual or a company needs to undergo a series of background checks that may take 10 to 12 weeks according to the company, and 3 to 9 months for site approval. After signing the agreement, franchisees will be given eight months to begin construction and a year to start the KFC business. Kentucky fried chicken franchises will provide the standard building plans and the franchisee has the freedom to hire workers to start the construction. Franchisees also have the option to ask the company for their development expertise; however it comes with a fee.
Always note that when looking to start any business it is important, particularly considering today's market, that you look for specific ways to cut minimize or reduce overhead and risk. Any business is going to have risk, but it is important to have a full understanding of the amount of investment, startup cost and "ROI" (Return on Investment).
Kentucky fried chicken franchises Kentucky Fried Chicken franchise is one of the world's first fast food restaurants and one of the best because of their original recipes and top of the line customer service. Kentucky Fried Chicken has been serving the masses since the 1930's and now has hundreds of branches around the world serving millions of customers. If you want to start a fast food business, Kentucky Fried Chicken is the one of the best choices. It has a stellar reputation and it a proven track record of success. Kentucky Fried Chicken is one of the members of Yum! Brands Inc. Other popular restaurant chains which belong to the same company are Taco Bell, Pizza Hut and Long John Silver's. Yum! Have businesses in 37,000 locations in over 120 countries around the world. It also ranked 239 on the Fortune 500 list, which is quite an achievement. How to Start a KFC Business: Becoming a franchisee of Kentucky Fried Chicken franchise is a sure way to gain profits but it may not be for everyone. There are qualifications to be met before an applicant gets the green light on franchising. Individuals who are interested in starting their very own KFC business will need to invest a total of $1.5 to $1.8 million. The minimum financial requirement is actually a $1.5 million net worth and $750,000 in liquid assets. The initial franchise fee costs are $25,000. There is also a 20-year agreement which a franchisee must commit to. Provided that all qualifications and requirements are met and the application for franchise is accepted, there is also the annual renewal fee of $4.9K. Interested individuals need to take note that KFC is a restaurant business and it is hands-on. Experience in the food business is needed to make the business successful. For some people who do not have such experience, it will be helpful to hire someone who does to make sure the business stays afloat. However, to be a franchisee, an individual or a company needs to undergo a series of background checks that may take 10 to 12 weeks according to the company, and 3 to 9 months for site approval. After signing the agreement, franchisees will be given eight months to begin construction and a year to start the KFC business. Kentucky fried chicken franchises will provide the standard building plans and the franchisee has the freedom to hire workers to start the construction. Franchisees also have the option to ask the company for their development expertise; however it comes with a fee. Always note that when looking to start any business it is important, particularly considering today's market, that you look for specific ways to cut minimize or reduce overhead and risk. Any business is going to have risk, but it is important to have a full understanding of the amount of investment, startup cost and "ROI" (Return on Investment).