To start KFC Franchise in India you need approximate 1 crore Indian rupee. To open KFC in India you need to apply via one time application form. After filling that form they (KFC) will contract with you.
Full Answer
How much will it cost to open a KFC franchise?
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 do I become a KFC franchise owner?
KFC requires franchisees to have $1.5 million net worth and $750,000 liquid assets to apply for a store. Collect your financial information and income tax records and meet with a business lender to prequalify for a franchise loan. Next, determine the focus for your KFC franchise.
How can I start KFC in my area?
Apply online for KFC restaurantSpace available with you.Capital you can invest in.Name of the owner/s who own the property.Contact details of such owner/s.Complete postal address of potential KFC store.Actual photographs of the venue.Available parking space.
Is KFC franchise profitable?
Today India, KFC is operating more than 340 open restaurants in top 100 city of India. Also, KFC is looking for more expansion in Indian continent and due to this KFC Franchise is most profitable franchises business opportunity.
Do franchise owners get paid?
How do franchise owners get paid? Franchise owners can pay themselves a salary or depending on their business entity, they may be able to take a draw from their accumulated equity.
How do I own my own franchise?
How to buy a franchise, step by stepBe sure about your reasoning. ... Research which franchises you may want to own. ... Begin the application process. ... Set up your “discovery day” meeting. ... Apply for financing. ... Review and return your franchise paperwork very carefully. ... Buy or rent a location. ... Get training and support.
What is the monthly income of KFC?
The average KFC monthly salary ranges from approximately ₹ 10,488 per month for Team Leader to ₹ 36,186 per month for Store Manager. The average KFC salary ranges from approximately ₹ 1,20,000 per year for Team Member to ₹ 3,71,342 per year for General Manager.
How much does 1 KFC make a year?
How Much Profit Does the KFC Franchise Make Per Year? As an individual unit, KFC makes about $942,000 – $1,000,000 per year. Although Yum! Brands keeps their franchise owner's salaries private, it can be estimated that owners take home roughly $120,000 a year, based on average food franchise owner salaries.
What are the requirements for KFC?
KFC requires job seekers to be at least 16 years old to apply for entry-level positions. Applicants who are under 18 can apply for jobs as cooks and customer service team members. Workers who would like an upper-level position as a shift supervisor must be 18 or older.
What is KFC profit margin?
3420 Financial Summary3420Gross margin TTM28.29%Operating margin TTM8%Net Profit margin TTM6.02%Return on Investment TTM7.06%
Which franchise business is best in India?
Top 10 Profitable Franchise Business Opportunities in IndiaTumbledry Franchise Store.Kalyan Jewellers Franchise.Domino's franchise store.Dr Lal Pathlab Franchise.FirstCry Franchise Store.VLCC Franchise Salon.Kidzee Franchise.Jockey Franchise Store.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.
How much do franchise owners make KFC?
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.
What is the royalty fee for KFC?
4% to 5%$3,163,550Type of FeeAmountRoyalty4% to 5% of gross revenue or a minimum of $1,350, whichever is greater, per month (minimum fee subject to adjustment based upon the Consumer Price Index).National Co-op (advertising)4.5% of gross revenue.12 more rows
How much money do you need to become a franchise owner?
Franchise startup costs can be as low as $10,000 or as high as $5 million, with the majority falling somewhere between $100,000 and $300,000. The price all depends on the industry, location and type of franchise.
Q: Who are the KFC Master Franchisors in India?
Ans: In India, Yum! Brands, the parent company of KFC, works through its three franchise partners- Sapphire Foods, RJ Corp-owned Devyani Internatio...
Q: What are some of the food items on a KFC menu?
Ans: The KFC outlet has chicken recipes like: Kentucky Grilled Chicken, Extra Crispy Chicken, Extra Crispy Boneless Chicken, KFC Hot Grilled Chi...
Q: How much profit can one expect from the KFC franchise outlet in India?
Ans: The high investment KFC Franchisee outlet is expected to triple the investments made in its revenues earned in the first year itself. Amazing!
Q: How can I apply for a KFC franchise in India?
Ans: To contact KFC for a franchise opportunity, go to the KFC website and the ‘Contact Us’ page option. Download the application form and submit i...
Q: What is the approximate Indian KFC Franchise cost?
Ans: The capital requirements to get a KFC franchise outlet option can set you back by 1 to 2.5 Cr in Indian rupees. This cost depends on the locat...
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.
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.
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.
Does KFC require training?
Under the franchisor’s guidance and direction, the other employees of franchisees must attend the training program and must complete it to KFC Franchise Company’s satisfaction.
What is the story behind the KFC brand?
KFC (Kentucky Fried Chicken) is a global fast-food chain with an interesting story behind it.
The KFC franchise outlet is a sought-after choice because
Elite restaurants run on brand names, and KFC is the subsidiary of the largest franchised fast-food global chain of restaurants of Yum! Brands that also owns Pizza Hut and Taco Bell outlets.
KFC Franchise documentation
If you get an okay for a KFC Franchise agreement, a Franchise Disclosure Document (FDD) with KFC has to be signed before the license award. This agreement has all the financial dealings, conditions, terms, franchise leases agreements, construction details, and more to be signed with the master Franchisee of KFC.
The Training process
The KFC franchisee needs to attend the introductory training program conducted by KFC LLC regarding "How to operate a KFC Outlet". This training is to be completed per the KFC terms and conditions and is overviewed by the Master Franchisor.
Tips to start up a business venture
When choosing the KFC Franchise opportunity as your idea of a Micro, Small, and Medium Enterprise (MSME) venture that you desire, it is imperative to remember that the path of an entrepreneur is never smooth.
Conclusion
KFC has an 11% share in the Indian market estimated at Rs 1,500 Cr and has stepped up the pace for franchisee operations in India. If you have the money and yearn for great profits, then the KFC franchise is a great opportunity in the food businesses MSME sector.
Capital and Space required to start KFC outlet in India
The procedure to open such an outlet of a big chain is very simple and everybody's dream, but at the same time not very easy. You need liquid assets of approximately $360,000 as per US standards. If we convert this amount with the average conversion rate of Rs.
Apply online for KFC restaurant
You can submit your willingness to start a KFC outlet by submitting a simple online application form. For this purpose, you need to visit the official website of KFC India. At the right bottom of the page, there is link "Contact Us". Click there and select Franchise radio button.
Contact details of KFC India
Yum! Restaurants International, 12th Floor, Tower-D, Global Business Park,
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