KFC requires franchisees to have $1.5 million net worth and $750,000 liquid assets to apply for a store. Collect your financial information and income tax records and meet with a business lender to prequalify for a franchise loan.
How much does it cost to open a KFC franchise?
But opening a KFC restaurant requires a lot of money at the start. The company requires operators to have at least $1.5 million in total net worth and $750,000 in liquid assets. KFC also charges its operators a $45,000 franchise fee, according to Franchise Direct.
How can I get KFC franchise?
To open a KFC outlet, you need to check the official website. Go to the established KFC website, click the “Contact Us” option. Choose the Franchise option and fill out the application form.
How much does a KFC franchise owner make?
How Much Profit Does the KFC Franchise Make Per Year? As an individual unit, KFC makes about $942,000 – $1,000,000 per year. Although Yum! Brands keeps their franchise owner’s salaries private, it can be estimated that owners take home roughly $120,000 a year, based on average food franchise owner salaries.
Is KFC franchise profitable?
Based on various magazines estimates KFC is able to make a good profit ranging from 7% to 8% of the total sales. Total Profit is estimated to be $70,000 to $90,000 per year/per store. Also if we consider monthly figures then a store can garner a good amount of monthly profits ranging from $5.8k to $7.5k per month.
What is KFC royalty fee?
|Type of Fee||Amount|
|Royalty||4% to 5% of gross revenue or a minimum of $1,350, whichever is greater, per month (minimum fee subject to adjustment based upon the Consumer Price Index).|
|National Co-op (advertising)||4.5% of gross revenue.|