KFC – Kentucky Fried Chicken to the uninitiated – is actually a national restaurant franchise which was created in 1952 by Colonel Harland Sanders in Kentucky. Since that time the franchise – now a subsidiary of Yum! Brands – has spread to 11,000 restaurants in the United States (in addition to over Eighty other countries around the world). KFC gained its recognition by selling chicken fried in its closely-guarded “Original Recipe”; because of this, the flavour of the food and also the recently successful pairing of KFC hours of operation along with other successful chains, KFC has become one of the main icons of the United states restaurant industry.
The name in the franchise says everything. Probably the most popular item on the menu is its fried chicken (even though they offer a brand new grilled variety). KFC offers fried chicken in three varieties: Original Recipe, Extra Crispy, and Grilled. Furthermore, they sell chicken crispers and homemade sides like mashed potatoes with gravy, biscuits, and coleslaw (and others). The menu is extremely much a reflection in the Southern cuisine that Col. Sanders enjoyed while being raised, and represents the most famous chicken restaurant in the nation. This franchise is a boon to investors and consumers alike due to just how the brand has become marketed recently. Throughout the country, KFC has been paired with Long John Silvers, Taco Bell, and AAndW to offer a multitude of food to hungry travelers, making the company one with very high visibility.
There are other fried chicken franchises in the nation, but not one of them have the maximum amount of popularity or cultural appeal as Kentucky Fried Chicken. If you enjoy food inspired by authentic Southern cuisine – and who doesn’t? – Then it’s difficult to find a match to KFC as well as its offering of delicious and affordable chicken and sides. The truth that the photo of Colonel Sanders may well be as recognizable since the President of the usa is really a powerful proof of the appeal and attraction of KFC, one of the foremost franchises in the usa today. So if you wish to create a total investment from 1.2 to1.8 million as well as the franchise fee of 25k and ongoing royalties of 6.5% and be away from your family and friends, then this business may be for you. However, for those which are more like me, there are many means of owning your own business with less of the liability of a large franchise. Follow the link below to find out more about one of these.
As being a KFC franchise is a superb decision to expand your restaurant business. The franchise fee for KFC is $45,000 and the volume of investment will range between $1,379,900 to $2,422,500. The property owner from the franchise is prone to pay a continuing royalty of 5% from the total revenue. Term of agreement in cases like this is twenty years after which it should be renewed to continue franchising. Besides these, the amount of net worth, cash liquidity and experience with restaurant business can also be essential requirements. The requirement offwgh net worth to carry a KFC franchise is $1,000,000 and cash liquidity is $500,000. Regarding business experience you will find three crucial sides, skills of marketing, expertise in industry and experience in the typical business.
The Financing System Of KFC – There are different types of financing available for KFC. In case of In-house business you will have no franchise fee, startup costs, cost for equipment and inventory. Furthermore, there will be no payroll and accounts receivable. On the other hand for a third party business all these costs should be incurred.