KFC – Kentucky Fried Chicken to the uninitiated – is a national restaurant franchise that was made in 1952 by Colonel Harland Sanders in Kentucky. Ever since then the franchise – now a part of Yum! Brands – has spread to 11,000 restaurants in the United States (in addition to over Eighty other countries all over the world). KFC gained its popularity by selling chicken fried in its closely-guarded “Original Recipe”; because of this, the flavour of the food and also the recently successful pairing of KFC with other successful chains, KFC has become one of the primary icons of the United states restaurant industry.
The name of the franchise says everything. By far the most popular item on the menu is its fried chicken (although they also offer a whole new grilled variety). KFC offers fried chicken in three varieties: Original Recipe, Extra Crispy, and Grilled. Additionally, 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 being raised, and represents the most common chicken restaurant in the nation. This franchise is a boon to investors and consumers alike as a result of how the brand has been marketed lately. Across the country, KFC continues to be combined with Long John Silvers, Taco Bell, along with aAndW to offer you a wide variety of food to hungry travelers, making the manufacturer one with very high visibility.
There are more fried chicken franchises in the nation, but none of them have as much 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 and its offering of delicious and affordable chicken and sides. The reality that the photo of Colonel Sanders is probably as recognizable since the President of the usa is really a powerful proof of the appeal and attraction of KFC, among the foremost franchises in the United States today. So if you wish to produce a total investment from 1.2 to1.8 million plus the franchise fee of 25k and ongoing royalties of 6.5% and become away from your friends and relations, than the business could be for you. However, for those which are similar to me, there are more way of owning your very own business with less of the liability of a large franchise. Click this link below to find out more about one of those.
Being a KFC franchise is a wonderful option to expand your restaurant business. The franchise fee for KFC is $45,000 and the amount 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 this case is twenty years and after that it ought to be renewed to carry on franchising. Besides these, the quantity of net worth, cash liquidity and experience in restaurant business are other essential requirements. The requirement offwgh net worth to keep a KFC franchise is $one thousand,000 and cash liquidity is $500,000. Regarding business experience there are three important aspects, skills of marketing, experience in industry and experience in the general business.
The Financing System Of KFC – There are different types of financing available for KFC. In case of In-house business you will have no franchise fee, startup costs, cost for equipment and inventory. Furthermore, you will have no payroll and accounts receivable. In comparison for a third party business each one of these costs ought to be incurred.