How to open a Kentucky Fried Chicken franchise?
- Ensure you have adequate capitalization. In order to open a KFC franchise, you must have a net worth of more than $1,500,000.
- Appreciate the investment required for a restaurant franchise. ...
- Evaluate your prior experience and strengths. ...
- Assess market availability. ...
- Submit your application. ...
- Receive approval & opening your KFC franchise. ...
Why is KFC easy to own?
Is KFC a franchise?
Where is KFC located?
Based in Louisville, Kentucky, KFC Corporation is the franchisor of the world’s most popular chicken restaurant chain, specializing in Original Recipe®, Extra Crispy™, Kentucky Grilled Chicken® and Extra Crispy™ Tenders with home-style sides, Hot Wings™ pieces and freshly made chicken sandwiches.
How many people watch KFC commercials?
It is estimated that, on average, more than 185 million people see a KFC commercial at least once a week—that’s more than half the U.S. population. The KFC system serves more than 12 million customers each day in more than 115 countries and territories around the world.
Is KFC a franchise?
As a KFC franchise owner, we recognize there are many franchising choices. KFC offers value and a strong brand that has proven economic stability.
Background
The fast food industry is a billion dollar business responsible for countless jobs. America's quick service restaurants (QSR) are some of the most beloved and popular in the world. These include McDonald's, Wendy's, Burger King, and KFC.
Support and Training Offered By KFC
In terms of training, on-the-job training lasts for 9 weeks. Classroom training lasts for 1.5 days. Additionally, KFC has third-party sources that offer financing options to cover the franchise fee, startup costs, equipment, inventory, accounts receivable, and payroll.
Franchises Similar to KFC
The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.
How many customers does KFC serve?
According to company figures, the KFC system serves more than 12 million customers daily. Most purchases are take out or to-go, although the stores also offer in-store dining. In 2015, Yum! Brands announced that KFC would begin deliveries by 2016, further expanding its reach to customers.
How many restaurants does KFC have?
Brands has almost 42,000 restaurants in more than 125 countries and territories, making it one of the world’s largest restaurant companies. Over the years, KFC franchisees have had the option to co-brand with Taco Bell or Pizza Hut.
What is KFC fast food?
KFC is a fast food brand (also called a QSR, or quick serve restaurant) specializing in chicken. With more than 19,500 units in more than 115 countries and territories, KFC (formerly Kentucky Fried Chicken) is the world’s second largest restaurant chain after McDonald’s measured by sales, and the world’s most popular chicken brand.
How many people see KFC commercials?
KFC engages in extensive marketing to keep the brand in consumers’ minds: KFC claims an average of more than 185 million people see a KFC commercial at least once a week. KFC is also a pioneer in the use of social media to attract and engage customers.
Where was the first Kentucky Fried Chicken franchise?
The first Kentucky Fried Chicken franchise was opened in Salt Lake City, Utah in 1952 by Pete Harman, who introduced the “Bucket O’Chicken” in 1957. Harman also is credited with the brand’s slogan “It’s finger-lickin’ good.”. KFC Corp. is based in Louisville, Kentucky, and is a subsidiary of Yum!
Who invented Kentucky Fried Chicken?
Kentucky Fried Chicken, pioneered by Colonel Harland Sanders, has grown to become one of the largest quick service food service systems in the world - with more than a billion "finger lickin' good" Kentucky Fried Chicken dinners served annually in more than 80 countries and territories. But success didn't come easily. In 1896 Harland's father died, forcing his mother to enter the workforce to support the family. At the tender age of six, young Harlan was responsible for taking care of his younger siblings and doing much of the family's cooking. A year later he was already a master of several regional dishes. Over the course of the next 30 years, Sanders held jobs ranging from streetcar conductor to insurance salesman, but throughout it all his skill as a cook remained. The Cook Becomes a Colonel In 1930, the then 40-year-old Sanders was operating a service station in Corbin, Kentucky, and it was there that he began cooking for hungry travelers who stopped in for gas. He didn't have a restaurant yet, so patrons ate from his own dining table in the station's humble living quarters. It was then that he invented what's called "home meal replacement" - selling complete meals to busy, time-strapped families. He called it, "Sunday Dinner, Seven Days a Week." As Sanders' fame grew, Governor Ruby Laffoon made him a Kentucky Colonel in 1935 in recognition of his contributions to the state's cuisine. Within four years, his establishment was listed in Duncan Hines' "Adventures in Good Eating." As more people started coming strictly for the food, he moved across the street to increase his capacity. Over the next decade, he perfected his secret blend of 11 herbs and spices and the basic cooking technique that is still used today. The Colonel's Cooking Spreads Worldwide In 1955, confident of the quality of his fried chicken, the Colonel devoted himself to developing his chicken franchising business. Less than 10 years later, Sanders had more than 600 KFC franchises in the U.S. and Canada, and in 1964 he sold his interest in the U.S. company for $2 million to a group of investors including John Y. Brown Jr. (who later became governor of Kentucky). Under the new owners, Kentucky Fried Chicken Corporation grew rapidly. It went public in 1966, was listed on the New York Stock Exchange in 1969 and eventually was acquired by PepsiCo, Inc. in 1986. In 1997, PepsiCo, Inc. spun-off of its quick service restaurants- including KFC-into an independent restaurant company, Tricon Global Restaurants, Inc. Today, the restaurant company (now YUM! Brands, Inc.), is the world's largest in terms of system units with nearly 32,500 in more than 100 countries and territories. Until he was fatally stricken with leukemia in 1980 at the age of 90, the Colonel traveled 250,000 miles a year visiting KFC restaurants around the world.
Is KFC a franchise?
As a KFC franchise owner, we recognize there are many franchising choices. KFC offers value and a strong brand that has proven economic stability.
Who is the founder of KFC?
KFC hatched from humble beginnings. The iconic “Colonel” Harland Sanders and founder of the company quickly became the “man” of the family at a young age after his father died. Because his mother spent her time working jobs outside of the home to support the family, Sanders was in charge of the cooking.
How much did KFC franchises make in 2018?
Investing in a KFC franchise may prove to be lucrative. According to the FDD, the average net sales of a single-brand, franchise-owned KFC in 2018 was $1,159M. This included 2,863 stores but did not include nontraditional, multi-brand, seasonal or any type of KFC location other than a single-brand location.
What is the KFC slogan?
When you think of the KFC franchise brand, chances are you remember Kentucky Fried Chicken, Colonel Sanders, and the slogan, “It’s finger lickin’ good.”. The brand has come a long way since its Louisville, Kentucky origins. Today, KFC serves customers at home and abroad, of which 4,000 of its 23,000 locations are ...
How many KFC locations have shrunk?
According to Restaurant Business Online, from 2004 to 2015 KFC had shrunk by about 1,000 locations. According to the brand’s FDD:
How long does it take to open a KFC?
According to the FDD, the typical length of time between signing a franchise agreement and option agreement and opening the outlet is between 6 and 9 months.
How much does it cost to open a KFC?
The initial investment of a new KFC location ranges from $1.42 million to $2.7 million , according to its FDD. (To begin operation of a reopened or remodeled KFC, you’ll spend a little less—between $1.1 million to $2.2 million.) While this investment falls in line with major fast-food eateries such as Wendy’s, Burger King and McDonald’s, its major competitor Chick-Fil-A, which operates under a different investment model, only requires an initial investment of $342,990 to $1,982,225. Furthermore, competitor Popeyes requires an initial investment of between $383,500 and $1,254,800.
When did KFC change its name?
In 1991, Kentucky Fried Chicken decided on a name change to a simpler KFC, but still retains the trademark of Kentucky Fried Chicken®.
Contact Kentucky Fried Chicken Franchise Owners
One of the best ways to thoroughly research a franchise or business opportunity investment before purchasing one is to get feedback from current and former franchisees involved in the franchise system.
Get Contact Details & Mailing List of KFC Franchisees
The difficult part of this step of the franchise buying due diligence process lies in obtaining a current list of KFC franchise owners.
Why is KFC easy to own?
Owning a KFC fast food restaurant franchise is easy because of the training and support of the brand team. You launch a business with a name that is well known to customers. How to buy a KFC franchise?
Is KFC a franchise?
Kentucky Fried Chicken is known all over the world. KFC franchise net works in about 123 countries. It specializes in serving fast food and different chicken dishes. The brand gives great business opportunities for entrepreneurs. Owning a KFC fast food restaurant franchise is easy because of the training and support of the brand team.