How to Open a KFC

Colonel Sanders started his finger-lickin' good fried chicken restaurant more than half a century ago. Now his 11 herbs and spices tickle the pallets of patrons in more than 82 countries. Currently owned by PepsiCo, Kentucky Fried Chicken franchises are popping up in almost every city. Franchisee qualifications are specific and strict.

Instructions

1. Meet the financial requirements for opening a KFC franchise: liquid assets of $360,000, net worth of $1,000,000, franchise fee of $25,000, royalty fee of 4 percent, and required capital of $1,100,000 to $1,700,000.

2. Submit the completed questionnaire and franchise profile. These may be obtained by contacting Yum! Franchising.

3. Attend a store experience and complete an operations overview if you meet the qualifications of a franchise candidate. This information is also on the Yum! website.

4. Provide site direction and follow-up on the operations plan.

5. Come to a final agreement to purchase a site for a new restaurant or current store.

6. Complete the site deposit and site analysis survey form, and send in funds.

Tips & Warnings

• Either you or one of your partners are required to have food-service experience.

• Yum! takes care of many aspects of the franchise steps. Visit the website for more details.

• When buying a franchise, it may be possible to purchase an existing restaurant instead of building one up from scratch.