KFC – Kentucky Fried Chicken to the uninitiated – is actually a national restaurant franchise which was created 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 (as well as over Eighty other countries around 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 also the recently successful pairing of KFC opening times along with other successful chains, KFC has become one of the foremost icons of the American restaurant industry.
The name in the franchise says it all. Quite possibly the most popular item on the menu is its fried chicken (although they offer a brand new grilled variety). KFC offers fried chicken in three varieties: Original Recipe, Extra Crispy, and Grilled. Additionally, they sell chicken crispers and homemade sides including mashed potatoes with gravy, biscuits, and coleslaw (among others). The menu is extremely much a reflection from the Southern cuisine that Col. Sanders enjoyed while growing up, and represents the most popular chicken restaurant in the country. This franchise is actually a boon to investors and consumers alike because of the way the brand has become marketed lately. Across the nation, KFC has become combined with Long John Silvers, Taco Bell, as well as aAndW to offer numerous food to hungry travelers, making the company one with very high visibility.
There are other fried chicken franchises in the united states, but none 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 get a match to KFC and its offering of delicious and affordable chicken and sides. The fact that the picture of Colonel Sanders is probably as recognizable since the President of the us is actually a powerful evidence of the appeal and attraction of KFC, one of many 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 stay out of your friends and relations, this business may be for you personally. However, for those which are similar to me, there are other means of owning your very own business with less of the liability of a big franchise. Follow the link below to learn more about one of these.
Becoming a KFC franchise is a superb decision to expand your restaurant business. The franchise fee for KFC is $45,000 and the volume of investment will range in between $1,379,900 to $2,422,500. The homeowner from the franchise is prone to pay an ongoing royalty of 5% of the total revenue. Term of agreement in cases like this is two decades after which it should be renewed to carry on franchising. Besides these, the volume of net worth, cash liquidity and experience in restaurant business are also essential requirements. The requirement offwgh value to carry a KFC franchise is $one thousand,000 and cash liquidity is $500,000. Regarding business experience you will find three crucial sides, skills of marketing, experience in industry and experience in the general business.
The Financing System Of KFC – You can find several types of financing designed for KFC. In case of In-house business you will have no franchise fee, startup costs, cost for equipment and inventory. Furthermore, you will see no payroll and accounts receivable. On the other hand for a 3rd party business all these costs should be incurred.