KFC Franchise Information

KFC, home of the original recipe fried chicken, is a chicken restaurant chain based in Louisville, Kentucky. KFCs around the world serve 12 million customers daily according to KFC's website. The franchise started in 1952 and is currently owned by Yum!Brands, owner of A&W, Long John Silver's, Pizza Hut and Taco Bell.

Approval

Franchisees must pass a background check and approval in order to purchase a new or existing KFC store. The background check takes an average of 10 to 12 weeks and the site registration takes about three to nine months.

Requirements

In order to become a franchisee you must meet financial qualifications which include having a personal net worth of at least 1 million dollars. You also must have business and food service experience or be willing to hire someone who does.

Training

KFC requires franchisees to attend a training program for 8 to 16 weeks. There you will receive hands-on training.

Start-Up Costs

A franchise costs $45,000. Yum!Brands estimates the initial investment amount to open a KFC restaurant to be between $1,379,900 and $2,391,000 depending on location.

Other Fees

Yum!Brands charges a royalty rate of 5 percent of the gross revenue of the individual store. They also charge franchisees an advertising fee which is 5 percent of the gross revenue of the store.

References

• KFC
• Franchise process