KFC – Kentucky Fried Chicken to the uninitiated – is a national restaurant franchise that was made in 1952 by Colonel Harland Sanders in Kentucky. Since then the franchise – now a subsidiary of Yum! Brands – has spread to 11,000 restaurants in the usa (as well as over 80 other countries all over the world). KFC gained its popularity by selling chicken fried in its closely-guarded “Original Recipe”; due to this, the flavor of the food and the recently successful pairing of KFC holiday hours with some other successful chains, KFC has become one of the primary icons of the United states restaurant industry.
The name in the franchise says it all. Probably the most popular item on the menu is its fried chicken (though they also offer a brand new grilled variety). KFC offers fried chicken in three varieties: Original Recipe, Extra Crispy, and Grilled. Furthermore, they offer chicken crispers and homemade sides such as mashed potatoes with gravy, biscuits, and coleslaw (and others). The menu is very much a reflection in the Southern cuisine that Col. Sanders enjoyed while growing up, and represents the most common chicken restaurant in the country. This franchise is actually a boon to investors and consumers alike because of just how the brand has become marketed recently. Across the nation, KFC has become coupled with Long John Silvers, Taco Bell, and A&W to offer you a wide variety of food to hungry travelers, making the company one with very high visibility.
There are more fried chicken franchises in the nation, but not one of them have the maximum amount of popularity or cultural appeal as Kentucky Fried Chicken. If you like food inspired by authentic Southern cuisine – and who doesn’t? – Then it’s difficult to find a match to KFC as well as its offering of delicious and affordable chicken and sides. The fact that the image of Colonel Sanders is most likely as recognizable as the President of the United States is actually a powerful proof of the appeal and attraction of KFC, among the foremost franchises in america today. So if you want to make a total investment from 1.2 to1.8 million in addition to the franchise fee of 25k and ongoing royalties of 6.5% and be away from your family and friends, this business might be for you. However, for people which are similar to me, there are many means of owning your personal business with less of the liability of a big franchise. Click the link below to find out more about one of them.
Becoming a KFC franchise is an excellent option to expand your restaurant business. The franchise fee for KFC is $45,000 and the quantity of investment will range between $1,379,900 to $2,422,500. The homeowner in the franchise is liable to pay a continuing royalty of 5% from the total revenue. Term of agreement in cases like this is twenty years then it ought to be renewed to go on franchising. Besides these, the volume of value, cash liquidity and experience with restaurant business are other essential requirements. The requirement offwgh value to hold a KFC franchise is $one thousand,000 and cash liquidity is $500,000. Regarding business experience you can find three crucial sides, skills of advertising, experience with industry and experience in the general business.
The Financing System Of KFC – You will find various kinds of financing readily available for KFC. In the case of In-house business you will see no franchise fee, startup costs, cost for equipment and inventory. Furthermore, you will have no payroll and accounts receivable. In comparison for a 3rd party business each one of these costs ought to be incurred.