Last Updated on July 30, 2012 by DeanR
KFC – Kentucky Fried Chicken Franchise
KFC, Kentucky Fried Chicken, was founded by Harland Sanders in 1930 and was first served in a gas station in North Corbin, Kentucky.
It was called Sanders Court and Cafe. Governor Ruby Laffoon named him as the honorary Kentucky Colonel in 1936 because of his success. The original way of cooking the chicken was using a frying skillet. He realized that it took too long for him to be able to be used in a restaurant which resulted to the invention of a pressure fryer in 1939. The first Kentucky Fried Chicken was opened in 1952 and in the 1960’s, they had more than 600 locations in the US and in Canada. Sanders sold the KFC brand in 1964 and it has then been bought out three times. It is now under the Yum! Brands together with Pizza Hut, Taco Bell, and A&W, which are all well-known in its own rights.
There’s no need to discuss the menu of KFC as we all know what they are known for. I will jump straight on to discussing the advantages of franchising one. First of all, they have a brand that practically no longer needs advertising except advertising you as their new location. Each day the KFC franchise serves 12 million customers in over 109 countries around the globe. They have 5,200 locations in the United States and over 15,000 locations worldwide. There are several factors you need to consider when franchising. You need a strong brand, value, stability, and growth. All these are factors that the KFC value network has that you would want to be part of.
KFC has specific qualities that they’re looking for in a franchisee and one that they are focused on now is a franchisees intent to open about five to 10 locations. Now, there are several advantages in this. When you open one location, you will master the knowledge on how to run it smoothly and with success. This makes it easier for you to open the others with less work. It widens your scale of operations and also an advantage growth for your best employees. When you encounter a great manager and that person is still seeking growth that you can’t offer, that person would leave. You wouldn’t want that. If you have more than one branch, that person would have more space to move up.
What do you need to become a KFC franchisee?
You need to have a net worth of at least $1,500,000 and a total liquid asset of at least $750,000. Expect to be investing about $1,309,000 to $2,471,000. Franchise fee is $45,000 with an on-going royalty fee of 5%. This is for a renewable 20 year term agreement.
What’s included in the KFC franchise package?
You will gain access to their signature and very well known products. For marketing, you will be part of the $200 million spent annually by its franchisees and KFC’s fund on national and local advertising. You will have a network with 630 franchisees and 35% of them have been in the business for more than 25 years. You will have support programs proven to work for KFC for the past 50 years. And to supply your location, you will have access to the United Foodservice Purchasing Cooperative (UFPC) which is the largest buying co-op in the food industry.
Contact Information
You May Reach Them At:
Address: 1441 Gardiner Ln. Louisville, Kentucky 40213
Phone Number: (502)874-8201