How to take franchise of KFC ?
Opening a KFC franchise means a becoming a part of well established business. It is very popular food chain all over the world.
Kentucky Fried Chicken is popular in the world as the biggest QSR chain. Quick service restaurant means a specific type of restaurant that serves fast food cuisine and has minimal table service.
This chain works in about 123 countries. It specializes in serving fast food and different chicken dishes. We all have a great business opportunity.
Today, the KFC turnover is about 400 crore rupees. The market share in India is around 25 percent and the KFC is valued at around Rs 1,500 crore rupees in India.
All of this information suggests owning a KFC franchise is a good idea as entrepreneurship.
KFC is one of the topmost twenty franchises in the world. KFC has a strong and reputable brand and unimaginable value to new franchisees. By the way, Kentucky Fried Chicken is a full form of KFC.
Franchisee means you can run your business using the name of other brands. You will not need to do so much marketing.
Expense on marketing and advertising will be less and you will set up your business quickly.
You are going to launch a business with a name that is well known to customers. How to buy a KFC franchise?
Here you will learn investment information, franchise cost, and profit, franchise requirements.
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Opening a KFC franchise?
You will need sufficient capital to start this business. To open a KFC franchise, you must have a net worth of more than 10 cr.
You will have to appreciate the investment required for a restaurant franchise. Consider building and real estate costs, costs of licenses and permits, uniforms, insurance, etc.
The area required by a franchisee to establish a KFC outlet store is approximately 1,000 to 1,500 square feet. Because the staff members and customers can freely walk through the premises.
What are your prior experience and strengths in this kind of franchise business?
You will need to evaluate your prior business experience before applying to become a KFC franchise owner.
You need to look at the market availability for KFC franchises. check if there are available markets in your location before proceeding with the KFC franchising application.
Now you will have to submit your application. This will be reviewed by the KFC franchise team. KFC franchise team will email a confirmation receipt of your online application.
Receive approval & opening your KFC franchise.
You will receive franchise approval when they check your finances and background. They will approve only to that candidate who can fulfill all the requirements of the KFC franchise.
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How much does it cost to own a kfc franchise?
franchise cost is up to 20-30 lacs rupees. And this depends on area and location-wise. with total initial investment range of $1,442,550 to $2,771,500 in American countries. In Indian currency, the investment comes from around Rs 60 lakhs to Rs 1.2 crores.
Initial investments: 1-2 cr
Net-worth Requirement: More than 10 cr.
Liquid Cash Requirement: 5cr.
KFC franchisee fees and percentage.
You have will to pay the full amount of money to open the franchisee and to build your shop in your location. You will have to give 5% of the full earning royalties, and 5% as promotional fees. after 2 to 3 years, you will have to renew the KFC franchise.
Document needed to Opening a KFC franchise business.
KFC demands FDD. It means a Franchise Disclosure Document. After FDD they will give you the franchise.
In this FDD, the prominent franchisee agreement, development agreement, all the terms and conditions of the financial agreements are mentioned.
These documents are needed to be signed by you and the company after agreeing on all the terms.
You will have to give proof of your property following with your citizenship documents.
If you are an Indian, a PAN card, and voter ID must need. If you have a rental property, then a rent agreement is needed to fulfill all documentation processes.
KFC India Contact Details (For opening a franchise business in India)
To get the KFC franchise business opportunity, you can simply apply for franchises on the official website of the KFC.
then they will shortlist you and the KFC team will contact you regarding open franchise business in your area.
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You can contact on the following address
Business Development Yum! Restaurants (India) Pvt. Ltd.
Global Business Park Tower D,
12 Floor Gurgaon – 122002, India.
Email Contact: email@example.com.
Website : http://www.online.kfc.co.in
Benefits of owning of KFC Franchise in India
There are multiple benefits, as being a proprietor of a KFC franchise. KFC chicken is a great brand image that supports a lot in making the sales of the market.
They carry out a delivery which performs day-to-day processes simpler and easier.
KFC platform takes online orders. This system is built on cash-on-cash returns.
Franchises allow the freedom of small business control.
You don’t need an MBA degree or great business knowledge to manage a KFC franchise. Franchisors normally give the training and practice you need to manage their business guide.
Further, the KFC franchise has more growth progress than start-up firms.
You can secure your investment by taking a franchise in KFC.
KFC has an approved and established brand name and image, certified management and business practices, access to national promotion or advertising, and continuous maintenance of their restaurant chain.
This business franchise won’t let you down. I have mentioned some of the many programs below. They give more focus to this.
- Brand Recognition
- Customer Attraction
- Competitive Advantage
- Franchise Value System
- Multi-Unit Growth
- Economic Stability
- Brands that Give Back to the Community
- Development Expertise
- Access to Financing
- Solid Business Support
- Quality Onboarding & Training
- Reliable Supply Chain
- Return on Investment
You need exceptional management skills and experience in this franchise business.
We have to succeed in our KFC franchise. That’s why you will need to maintain the right professions and good administration control in our business.
Hence, make sure you have the right set of experiences about business, that should match a franchisor’s checklist before choosing to buy the KFC franchise in India.
Training & Support Offered to Opening a KFC franchise
KFC offers initial training programs and ongoing support options. They help franchisees run their businesses. After completing all documentation and legal activities. It is time to get trained by franchisors.
KFC offers On-The-Job Training of about 6 weeks.
Apart from that, they also give you a Classroom Training of about 1.5 days
- Ongoing Support includes of following things.
- Purchasing Co-ops
- Meetings & Conventions
- Toll-Free Line
- Grand Opening
- Online Support
- Security & Safety Procedures
- Field Operations
- Site Selection
- Proprietary Software
- Franchisee Intranet Platform
- In the Marketing Support following three things will help you to boost your business sales.
- National Media
- Social Media
Additional details about running this KFC franchise business operations.
Is absentee ownership allowed?
No. the Owner of the KFC franchisee needs to be involved in day-to-day operations.
Can this franchise be run from home/mobile unit?
No. You can’t run this from a mobile or home location.
Can this franchise be run part-time?
No. you can’t run this franchise part-time. Because you have invested a lot of money into this.