Profitable Food Business: The KFC franchise is undoubtedly a lucrative and rewarding business with several financial opportunities. However, a person should consider whether or not this franchise firm is a good choice for their talents, interests, prior experiences, and expertise.
Also, to start this business you must have sufficient funds.
Capital Investment for a KFC Franchise in India
The expected start-up costs range between 96 lakhs to 2 crores. In addition, a franchise fee of 36 lakhs is necessary to become a KFC franchise owner in India. In addition, a 5% royalty fee on gross monthly earnings is required to be paid to the corporation. KFC's profit, according to various periodicals and internet sites, ranges between 7% and 8% of total sales. The annual earnings from each store are anticipated to be between 57 and 73.4 lakhs.
Those looking to start a KFC franchise in the country should visit the company's official website. To fill out the application form, go to the KFC website, then click on the 'contact us' option, and then pick the franchise option.
To open a KFC franchise in India, an investment of 1 crore to 2 crores is required, as well as a 1000 to 1500 square feet facility. In addition, a 20 lakh investment is required to launch a franchise of this business. This sum will allow the franchisee to obtain marketing services from the franchisor.
As a result, you will additionally need a 1000 square foot room for this. The KFC Corporation has a non-compliance agreement with franchisees that allows them to use the latter's trade name, trademarks, logos, service marks, and commercial symbols such as KFC and Kentucky Fried Chicken in their separate franchise stores.
How to Apply for KFC Franchise in India Online?
To open a KFC franchise, visit their official website at kfc.com/about/franchising.
Step 1: Go to the official KFC website and look for the "Join Us" option at the bottom of the page. Click on it kfc.com/franchising/join-us.
Step 2: Select the Franchise option.
Step 3: Fill out the application form and continue by completing and submitting additional required fields such as name, contact number, and other required details.
List of other details to be filled in the franchise form:
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Space available
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The amount that you can invest in
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Name of the owner/s of the property
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Contact details of the owner
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Address of potential KFC store
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Photographs of the location
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Details of parking space
Why choose a KFC Franchise Business?
There are several reasons why you might consider joining the KFC franchise company. Some of them are as follows:
The KFC franchise is in great demand since it is one of the most loved US-originated brands as well as a globally recognized quick-service restaurant chain.
KFC serves the original fried chicken recipe and is the most popular chicken restaurant chain in the world.
Extra crispy chicken, KFC hot grilled chicken, chicken popcorn, extra crispy chicken strips, and many other trademark registration food products are available.
KFC has established a strong franchise-led store network internationally and is as well-known in India.
India has 335 KFC stores in over 100 cities, making it extremely profitable for both franchisees and franchisors.
KFC Franchise Cost in India
KFC is more expensive than other fast food outlets and requires a significant investment. KFC franchisees in India require a significant investment.
To invest in a KFC franchise, a person must have a large financial capacity. A KFC franchise in the nation will cost roughly one crore. Other than investment and money for the business, one must be aware of the following aspects to match the growth of the franchise:
One of the most important things in starting a firm from the beginning is having solid managerial expertise.
One should be an individual who places a great value on client satisfaction.
Good entrepreneurial abilities and a strong desire to manage a firm are required.
One must be responsible enough to meet the brand's high expectations from customers.
KFC Franchise Company: Training Overview
According to the KFC terms and conditions, franchisees, whether an entity or a Control Person, must attend the initial training session on "How to operate an Outlet" supplied by KFCLLC and must finish the training course to the satisfaction of the franchisor.
The key operator position should be filled by franchisees who have completed the KFC Franchise company's Key Operator Restaurant Training program.
Other franchisee personnel must attend the training program and complete it to the satisfaction of the KFC Franchise Company under the guidance and direction of the franchisor.
All training programs are planned as needed and will take place in KFCLLC's approved national, regional, or divisional offices or other locations as determined by the franchisor of KFC franchise prices.
The KFC Franchise company's training offerings include computer-based training programs via its Learning Zone platform, written notes, on-the-job training at various KFC Outlets, and classroom teaching.
The worker who completes KFC's Key Operator Restaurant Training program will instruct other employees at their location.
Furthermore, the franchisor may require franchisees and their workers to attend and complete the extra and continuing training or refresher course, meetings, programs, and seminars that KFC Company reasonably demands at various times and locations.
Terms of Agreement and Renewal of KFC Franchise
The first franchise term lasts twenty years. If the franchise meets the company's standards, it may extend its franchise under terms and circumstances different from the previous contract.
