Steps on How to Get Raising Cane’s® Chicken Franchise
- Fill the application at the website for opening a store. You will need to include your name, address, city and state. ...
- Wait for the email that confirms that your application was received and is being reviewed. ...
- Ensure to have your financial papers ready when you have your phone conversation. ...
- Note that approval is expected to be quick once you meet the requirements. ...
Full Answer
How much does a Raising Cane's franchise cost?
This fast food franchise has locations around the US and internationally. How much does a Raising Cane's franchise cost? Raising Cane's has a franchise fee of up to $45,000, with a total initial investment range of $768,100 to $1,937,500.
Is Raising Cane’s a fast food?
Raising Cane’s® offers a limited menu of chicken finger meals. This fast food franchise has locations around the US and internationally. How much does a Raising Cane's franchise cost?
How much does it cost to open a franchise?
You’ll also need a working capital of about $90,000 to $250,000. This is in addition to a royalty fee of 5%. The royalty fee is a recurring fee and is a percentage of gross sales made within a period. There are other applicable fees which aren’t fully disclosed by the franchisor.
Who wrote the business plan for Raising Cane’s?
Silvey, who was enrolled in classes at Louisiana State University at the time, wrote the business plan for Raising Cane’s with Graves and turned it in as an assignment. The plan was not received with much enthusiasm, from Silvey’s professor, nor from any potential investors.
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How much does it cost to start a Cane's franchise?
How much does Raising Cane's franchise cost? Raising Cane's has the franchise fee of up to $45,000, with total initial investment range of $768,100 to $1,937,500.
Can you buy a cane's franchise?
A. Currently, we are focused on the rapid development of company-affiliated restaurants in a very specific geography, while continuing to support our existing franchise business partners. Unfortunately, we are not entertaining franchise or development opportunities anywhere at this time.
How much do Canes owners make?
2021 Raising Cane's Average Unit Volume: $4,192,239 Based on the median sales provided by Raising Cane's franchise locations, at an average of a 15% profit margin it will take around 5 years to recoup your investment. This is in the same range as other franchise opportunities.
Who owns Raising Cane's Chicken franchise?
philanthropist Todd GravesEntrepreneur and philanthropist Todd Graves knows just how hard it is to start a restaurant. As founder and CEO of Raising Cane's Chicken Fingers, Todd has grown his business from a single restaurant in his hometown to more than 550 locations across the U.S. and beyond.
How Successful Is Raising Cane's?
In 2019, they were about $1.18 billion with about 400 units. Raising Cane's just surpassed $1.5 billion in annual sales, tripling in size in just four years. The company is about to open its 500th restaurant. Even more impressive, average unit volumes are approaching $3.6 million.
Who makes more Chick Fil A or canes?
Chick-fil-A's brand is ranked #4 in the list of Global Top 100 Brands, as rated by customers of Chick-fil-A. Raising Cane's's brand is ranked #978 in the list of Global Top 1000 Brands, as rated by customers of Raising Cane's....Chick-fil-A vs Raising Cane's.79%Promoters9%Passive12%Detractors
What is the most profitable franchise?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
What does a Chipotle franchise cost?
Estimated Chipotle Franchise CostType of ExpenditureEstimated AmountLowHighChipotle Franchise Fee (if they franchised)$20,000$25,000Real Estate Purchase or Lease(may vary substantially based upon the location)Site Preparation and Completion Costs$150,000$400,00011 more rows•Jul 19, 2022
How much do Raising Cane's pay managers make?
The average Raising Cane's salary ranges from approximately $15,000 per year for Lead Trainer to $125,417 per year for Regional Director. Average Raising Cane's hourly pay ranges from approximately $12.00 per hour for Team Leader to $31.94 per hour for General Manager.
Why is Snoop Dogg at Canes?
“Raising Cane's partnered up for the release of my new album, Algorithm, so since I was near a Cane's for a DJ gig last week, I decided to pop into a restaurant and see all the push and promotion behind my project,” Snoop Dogg said.
How much does it cost to open a McDonald's franchise?
McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500. Existing franchise prices can cost upwards of $1 million or more.
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 is it to buy a Taco Bell company?
Costs overview On the lower end, you can expect to invest around $530,000; on the high end, the total is closer to $3 million. Franchising fee: It costs between $25,000 and close to $50,000 for the initial franchise fee. This, too, will vary depending on the details of your specific Taco Bell franchise.
What company owns canes?
Raising Restaurants, LLCRaising Cane's Chicken Fingers (also called Raising Cane's or Cane's) is an American fast-food restaurant chain specializing in chicken fingers founded in Baton Rouge, Louisiana by Todd Graves and Craig Silvey in 1996. Raising Restaurants, LLC....Raising Cane's Chicken Fingers.Trade nameRaising Cane's Chicken FingersWebsitewww.raisingcanes.com12 more rows
Is Raising Cane's a franchise or corporation?
Raising Cane's, the Baton Rouge-based, chicken fingers QSR chain with over 530 locations, is a franchise, but is not currently available for franchising.
What does a Chipotle franchise cost?
Estimated Chipotle Franchise CostType of ExpenditureEstimated AmountLowHighChipotle Franchise Fee (if they franchised)$20,000$25,000Real Estate Purchase or Lease(may vary substantially based upon the location)Site Preparation and Completion Costs$150,000$400,00011 more rows•Jul 19, 2022
How much does a Raising Cane's franchise make?
Typically, franchise profits are proportionate to the size of investment. We can help you figure out how much money you can make by reviewing your personal situation. Please unlock this franchise for more information.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
Is raising canes franchising?
Based on our most recent research, Raising Cane's is not franchising in the US at this time.
About Franchise
Our concept is simple and unique… we only have ONE LOVE ® – quality chicken finger meals! At Raising Cane's ® you get an exceptionally high quality product served quickly and conveniently. We can do this because we offer a limited menu.
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Complete the form below to get more information, including estimated costs to open and operate this franchise.
How Much Will You Make As A Raising Cane’s Franchisee?
However, no definite figure can be given because lots of factors determine profitability. It is also logical to say that conditions aren’t uniform across all locations.
When was raising canes founded?
Founded in 1996 by Todd Graves, the Raising Cane’s franchise has grown to become one of the trusted fast food brands among clients and investors alike. This brand has succeeded in the opening over 500 restaurants across different locations. It seeks to spread out to more locations with the help of its franchisees.
What are the qualities of a franchisor?
Other qualities include having people skills. This includes values such as respect and rewarding crew members for their contributions. The franchisor requires that you must be sales driven, must love what you do, and be committed and motivated to exceed its set standards.
What are the benefits of raising canes?
These are meant to increase the chances of success. Benefits come by way of training and financing. Other forms of benefits include marketing, grand opening, field, and field support among others.
Will franchisees be left stranded?
However, existing franchisees won’t be left stranded but will continue to get the best support.
Can you go ahead with a franchise?
So, you can go right ahead if you think it fits your investment needs. Also, ensure you meet its franchising criteria too! This is very crucial to the process of owning this franchise opportunity.
Is raising canes a franchise?
Does it hold significant potentials for investors? The answer is yes !
How much does it cost to open a raising canes?
To open a new Raising Cane’s, it is estimated that you will need between $768,000 and $1,938,000 in startup costs.
When did raising canes open?
After opening the initial location, Raising Cane’s continued to open locations in the Baton Rouge area. In 2001, they opened their first location outside of Baton Rouge, in Lafayette, LA. From there, they have continued to open locations around the United States, and even some international locations.
How Are Their Established Franchises Doing?
Simply purchasing a franchise does not guarantee that it will be a successful business.
What are the benefits of buying a franchise?
One of the perks of buying a franchise is having the guidance of the franchisor to help you establish your restaurant and attract their clients.
What does the net franchise growth rate tell you?
Looking at the Net Franchise Growth Rate will tell you how many franchises are opening versus how many are closing. If more are closing than opening, it is safe to assume that there are problems in the brand.
What is wrong with raising canes?
The problem with Raising Cane’s is that they charge a high price tag but offer little in return. It’s a huge buy-in cost, but they do not offer much, if any, support to ensure your restaurant flourishes to its potential.
How long is a franchise license good for?
When a franchise license if first purchased, it is good for a period of 20 years.
What This Franchisor Seeks
How Much Will You Make as A Raising Cane’s Franchisee?
- This is one of the most asked questions by prospective franchisees and understandably so because everyone wants to become part of a profitable business. However, no definite figure can be given because lots of factors determine profitability. It is also logical to say that conditions aren’t uniform across all locations. So, what exactly are these factors that determine profitability…
Franchise Agreement
- Raising Cane’s franchise agreement allows franchisees to operate its franchise for an initial term limit of 20 years. However, after this period elapses, you have the option to renew. Certain conditions may be attached to renewal terms for franchisees. The renewal term is for 10 years.
Franchise Cost
- Every prospective franchisee will want to know the cost implications for owning a Raising Cane’s franchise. The franchise cost includes the franchise fee of around $45,000. This comes with a total initial investment range starting from $768,100 to $1,937,500. This depends on the size of the franchise you seek or the number of units you want. You’ll...
Benefits
- Raising Cane’s franchise offers several benefits to its franchisees. These are meant to increase the chances of success. Benefits come by way of training and financing. Other forms of benefits include marketing, grand opening, field, and field support among others. Training is provided to franchisees to enable them to take off smoothly. There’s hands-on training in addition to class tr…
Local Franchise Opportunities May Be Temporarily Available
- What does this mean? Just that! Raising Canes has said they plan on temporarily holding off new franchise applications. However, the franchisor’s focus will shift to the rapid development of company-affiliated restaurants within a specific geographical territory. However, existing franchisees won’t be left stranded but will continue to get the best support. So, when will such fr…
Final Thoughts
- The Raising cane’s franchise is a rapidly growing franchise opportunity with ambitious global expansion plans. Does it hold significant potentials for investors? The answer is yes! Although the food franchise is temporarily holding off on local franchising, you are assured that this won’t last long. A hint is provided in its advice for prospective franchisees to contact it for suitable franchi…