To apply for a KFC Franchise in India, you need to follow the following steps :
- Read out this application form : Link to Form
- Enter First Name & Last Name
- Enter the location for opening franchise
- Share your Asset Details (Sources of Income)
- Enter Work Experience
- Enter Contact details
- Enter Net Worth
Full Answer
How much it cost to open a KFC franchise?
For getting its franchise, you would need a minimum investment of 20 lakhs; in this, the franchisor would give you the marketing service. Plus, you also need a floor space of 1000Sq Ft. In a prime business area to establish the inventory for the products.
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.
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.
How much do KFC owners make a year?
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.
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.
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 KFC profit margin?
3420 Financial Summary3420Gross margin TTM28.29%Operating margin TTM8%Net Profit margin TTM6.02%Return on Investment TTM7.06%
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 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 KFC earn a month?
How much does KFC in Karnataka pay? The average KFC monthly salary ranges from approximately ₹ 12,396 per month for Team Member to ₹ 16,440 per month for Shift Manager. The average KFC salary ranges from approximately ₹ 3,72,525 per year for Shift Manager to ₹ 4,27,697 per year for General Manager.
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.
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.
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.
