In order to start a KFC franchise in India, you require:
- An investment of rupees 1-1.5 crores
- 1000-1600 square feet commercial space that meets the guidelines of the company
- A strong experience in the retail food industry
- A franchise term of about 20 years
- 4-5% royal commission on the actual sales to be paid
- Minimum investment of 20 lakhs
- Outlet space in a prime business area
- Managerial experience
How much does a KFC franchise make?
First, the average KFC unit is driving sales around $1,000,000 per year. Sources follow: You will encounter difficulty finding store profitability. Accordingly, I’m relying on a hunch based on some 18 years of experience in working with QSRs and fast casual concepts.
How much does a KFC franchise cost?
The cost of a KFC Franchise will be dependent on so many factors depending on the choice of the franchisee, in terms of location. The startup cost of a KFC franchise will range between $1,200,000 to $2,500,000. You will be expected as a franchisee to have at least $1,500,000 in net worth and $750,000 as liquid assets.
What does it cost to open a KFC?
The company requires operators to have at least $1.5 million in total net worth and $750,000 in liquid assets. KFC also charges its operators a $45,000 franchise fee, according to Franchise Direct. Building and equipment costs — which include items like grills and fryers — range between 695,000 and $1.2 million, Franchise Direct reports.
How to start a KFC franchise?
- Assessing and processing this franchise application;
- Assessing the credit history and credit worthiness of the applicant;
- Conducting a detailed investigation of the background and history of the applicant;
- Assessing the undersigned's suitability, both financial and otherwise, to be a franchisee of Yum! ...
Can I take KFC franchise in India?
If you own premises in a good locality of tier 1, tier 2 and tier 3 cities then you can apply for a KFC Franchise Unit in India, the company might consider your application to lease your property for their outlet. The approximated KFC franchise cost in India will be around 1 crore.
How much does it cost to buy a franchise of KFC?
For non-traditional KFC outlets, KFC charges an initial license fee of $22,500. For traditional KFC franchise agreements, the franchise (or initial license) fee is $45,000 split into the deposit fee and the option fee.
What is the profit of KFC in India?
In fiscal year 2022, the annual sales revenue of KFC in India was over ten billion Indian rupees, up from about five billion Indian rupees in fiscal year 2021.
How much do KFC owners make in India?
We can conclude that the Profit Margin of the KFC Franchise is 10% for the Sales of 6,00,000 Rupees. The outlet may have less profits in the initial days, but Fried Chicken will eventually gain high popularity and have great demand in the market.
How can I open a KFC?
The franchise fee to become a KFC franchise owner is $45,000, with an estimated startup costs totals ranging between $1.2 million and $2.5 million. A 5% royalty fee on gross monthly receipts is paid to the company.
What is the cost of Domino's franchise in India?
Rs 35 - 50 lakhThe franchise cost for a Domino's Pizza store in India is Rs 35 - 50 lakh, relatively low compared to other countries. The cost to purchase a franchise for a traditional pizza joint ranges up to 50,000,000 rupees in India.
Which is the most profitable franchise in India?
Top 10 Profitable Franchise Business Opportunities in IndiaDomino's franchise store.Dr Lal Pathlab Franchise.FirstCry Franchise Store.VLCC Franchise Salon.Kidzee Franchise.Jockey Franchise Store.Delhivery.Lakme Salon Franchise.More items...•
What is the cost of McDonald's franchise?
The Franchise fee of McDonald's goes for around 30 lakhs INR; however, this fee is also attached with a 4 % monthly royalty fee as service fees to the brand. The actual investment amount differs, a business owner needs to keep a rough estimate of around 6 to 14 Crores.
What does a Pizza Hut franchise cost?
Pizza Hut has a franchise fee of $25,000 for a 20-year agreement, although the total initial investment ranges between $297,000 and $2,109,000. Additionally, franchisees must pay the company ongoing royalty fee of 6% on all sales, as well as an additional 3% to be applied toward national marketing efforts.
What is the profit margin for KFC?
3420 Financial Summary3420Gross margin TTM28.29%Operating margin TTM8%Net Profit margin TTM6.02%Return on Investment TTM7.06%
What is the cost of a Starbucks franchise?
What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.
How much does a Burger King franchise cost in India?
- In the United States, the total investment to start the Burger King Restaurant is around $323,100 to $3,076,600. - In Indian currency, the investment comes around Rs 229.4 lakhs to Rs 21.8 crores....Type of FeeAmountBuilding Improvement Payments (certain BKLs only)$500 per month.26 more rows
How much does a KFC franchise owner make?
Although the exact salaries of KFC franchise owners are kept private by Yum! Brands, it is estimated that they take home around $120,000 per year. This is grounded on the average salaries of food franchise owners. Individual KFC units produce revenues between $942,000 and $1,000,000 per year.
Is it profitable to open KFC franchise?
Yes, the KFC franchise gets good returns around 2 times its investment in a year.
What is the McDonald's franchise fee?
$45,000McDonald's Franchise Cost / Initial Investment / Income Most McDonald's owner/operators have entered the corporation by purchasing an existing restaurant. To open a McDonald's franchise, however, requires a total investment of $1-$2.2 million, with liquid capital available of $750,000. The franchise fee is $45,000.
Who own KFC franchise in Pakistan?
Yum! BrandsThe chain is a subsidiary of Yum! Brands, a restaurant company that also owns the Pizza Hut, Taco Bell, and WingStreet chains. With over 83 restaurants in Pakistan, it is one of the largest and fasted growing fast food chains in the Country.
How much does it cost to own a KFC franchise?
The franchise fee to become a KFC franchise owner is $45,000, with an estimated startup costs totals ranging between $1.2 million and $2.5 million. A 5% royalty fee on gross monthly receipts is paid to the company. Based on various magazines estimates KFC is able to make a good profit ranging from 7% to 8% of the total sales. Total Profit is estimated to be $70,000 to $90,000 per year/per store. Also if we consider monthly figures then a store can garner a good amount of monthly profits ranging from $5.8k to $7.5k per month.
Why KFC Franchise Business?
KFC Franchise is in much demand since KFC is the biggest and popular US originated Quick Service Restaurant chain in the world.
What is KFC training?
Training programs of KFC Franchise company include computer-based training program via its Learning Zone program, written notes, and on-the-job training program at various KFC Outlets and classroom instruction.
How many locations does KFC have?
With more than 40,000 locations in over 130 countries and union territories and more than one million employees and associates, KFC or Kentucky Fried Chicken stands on the top in food restaurant company. The approximated investment needed to start a KFC franchise in India will be around 1 crore. Actually, KFC’s parent company is Yum! Brands, Inc., and it is one of the world’s largest restaurant companies in the system restaurants category. Yum! is one of the restaurants that ranked number 201 on the Fortune 500 List, with grosses nearly 100 crores in 2012.
When did KFC start?
Kentucky Fried Chicken or KFC started its first franchise outlet in Utah in 1952. KFC is a subsidiary of Yum! Brands which also own the following food restaurants Taco Bell, WingStreet, Pizza Hut and the last goes on.
Where is KFC located?
12 Floor Gurgaon – 122002, India. KFC Franchise Contact Number: 0124-4025100. Email Contact: franchise.india at yum.com. Yes, KFC franchise business is one of the undoubted profitable and rewarding options for people who are planning to start a retail-based food service franchise opportunity in India.
Is KFC more expensive than McDonald's?
KFC is one of the well established food restaurants in India, and it’s generally more expensive, as KFC franchisees price is more when compared with opening a McDonald’s franchise outlet.
