KFC FRANCHISE

Friends, KFC is a big and world famous company for its recipes. At the same time, KFC needs those franchise-taking customers who can run the business for a long time. For how to run the business for a long time, the KFC company keeps providing advice and guidance to the franchisee from time to time.

In the immediate time, every big company opens its branches to expand itself, along with giving other merchants the opportunity to open franchises to connect with them. KFC also offers an opportunity to open a franchise to share its brand name and way of doing business, which is called KFC franchise.

In other words, by this franchise, you mean that in the name of a big company, use its brand to further your business. With which you will not need to do marketing and you will also establish your business soon.

Just in return you will have to pay some part of the profit you earn to that company and also have to pay a fee while taking the franchise. Taking a KFC franchise simply means that you can sell famous KFC dishes made by you in the name of KFC. You will also be trained for this.

KFC full form

The KFC company first started making fried chicken, which was made by the owner himself. Fried chicken is the main food product made by KFC. Therefore, on the same basis its named as Kentucky Fried Chicken, which is the full name of KFC.

How to open a KFC franchise in India

If you want to open a KFC franchise in India, it can be a profitable business for you. At this time, KFC has maintained a good business in India. At present, KFC is being given the number one position in the food business in India. KFC is not a new company, it was started in 1932, while its franchise started getting started in 1952.

KFC franchise qualifications

Taking a KFC franchise is a difficult task, as certain qualifications have been set before giving it, which are divided into four parts. If you are going to apply for taking a franchise, then keep these four things in mind.

Financial Qualifications

If anybody wants to take KFC franchise in India, then their net worth should be between 9 to 10 crores rupees. Not only this, they should have up to five crore rupees in cash and should have such property also that can be converted into cash quickly whenever required. However, according to size of franchise this limit can be more or less. It is clear from these figures that requires lot lot of property only then you will be able to take the franchise of KFC.

Multi-Unit Operations Experience

If it is talked about, then KFC gives its franchisees only to those who have experience in the field of restaurants before. Or have ever worked in KFC, otherwise have experience of another company like KFC. Although you will get some preference, having this kind of experience and will be beneficial but not necessary. Not only this, it will increase your chances of getting a franchise if your profile looks good.

Personal and Financial Reputation

The relationship with the market and banks means that you are not bankrupt of your country, or have not taken any kind of loan from the bank. Along with this, your name should be recognized in the field of business, with this, no criminal case of any kind should be filed against you. For this, your credit score should be at least 700, so that if you need money in future, then you can easily get a loan. At the same time, if your record of doing business is good, then KFC will give you the benefit of this and preference will be given to you first.

Motivation and Commitment towards business

KFC is a big and world famous company for its recipes. At the same time, KFC needs those franchise-taking customers who can run the business for a long time. For how to run the business for a long time, the KFC company keeps providing advice and guidance to the franchisee from time to time.

How to apply for KFC franchise

To apply for KFC franchise, you need to visit their official website link which is http://www.kfcfranchise.com/apply.php, you will need to fill some of your information. Keep in mind that this process is the first to get your franchise, so all the information should be filled by you accurately. Because KFC also pays special attention to all the small details and even a small mistake can cause you to not get the franchise.

2. For that you will have to fill your full name and address of your permanent residence. Along with this, you fill in your email ID and your contact form i.e. you will also have to fill your mobile number. By which you can be easily contacted by KFC.

3. Along with this, you also have to ensure that at what time you will be present to talk, if you succeed in the first process then you will be contacted by KFC and the further process will be told.

4. If your application form is not successful due to some reason then you do not need to be disappointed. Because KFC is very strict in giving its franchise. But if you fail then you can apply again next time.

5. Not only this, if you want to open its franchise anywhere outside the US, you can find the contact details of KFC Franchise Distributors of all countries by visiting this link http://www.yum.com/company/franchising-real-estate/ Huh.

6. For example, if you want to open a franchise in India, you can contact Prasanna Kumar, the head of Yum Restaurants Pvt Ltd directly through Prasanna.Kumar@yum.com. Or you will have to talk to another member of Yum Restaurants Private Limited about it.

KFC franchise cost in India

The amount coming to open KFC franchise is about 2 crores according to Indian rupees. This business is often opened by people whose economic condition is very strong. Because it requires huge costs in decoration and maintenance.

Simply put, collect the amount from 2 to 5 crores and keep it in advance. Out of which about one-third of the money goes to get the food and two-thirds of the restaurant ie KFC’s franchise. Which is more than the cost of opening a McDonald’s franchise.

KFC franchise fee and percentage formula

You have to pay the entire expenses for opening a franchise and building your shop, after which the fee depends on how much or what level of franchise you take from KFC. You have to pay 5 percent of the entire earnings as royalty and 5 percent as promotional fee. Not only this, after 2 to 3 years you also have to renew the franchise.

Documents required for taking KFC franchise

Franchise disclosure document

KFC before awarding its franchise demands FDD (franchise disclosure document) . In which all the terms and conditions of the major franchise agreement, development agreement, financial agreement company are mentioned. After all the terms of these documents are agreed upon, they are signed by you and the company.

KFC franchise profit

After opening the franchise of KFC, approximately or an estimated three times the profit is received within a year. But for this, it depends more on what type of franchise you have opened. Opening KFC franchises is an easy and better option to make the business quick in the food sector and earn more money in less time.
The best part of it is that the price of all the food made by it or sold in its name is already set in the market ..

Saving money in marketing

You do not have to do marketing since KFC keeps promoting its brand by itself. Which help your restaurant automatically to appear in the eyes of the people. Where 5 percent of you are charged from the profits for marketing, but compared to the amount KFC spends in marketing, this is 5 percent less amount.

After taking the franchise, you will be trained by the KFC company so that you can run your business easily. Not only this, KFC keeps giving you some rules and advice from time to time.
Not only this, because of taking the franchise, you keep in touch with the established traders and experienced people in the business for many years and you get experience of running the business from these people.

Precautions for taking franchisees and running well

Required suitable place for KFC franchise

While taking the franchise or before making it, take a full review of the place where the franchise is to be made. Examination means that the franchise should be opened in a place where is the population of the people is more and for that you will have to visit that place, along with that you will have to see what kind of people live. Meaning where people living of higher standard i.e. rich peoples, choose the place only. Apart from this, the place near any shopping mall, talkies, company or colleges can be very beneficial for you.

Decide on the basis of money (sufficient money require)

Before invest in it you check your ability first since this business requires a lot of money. Because if you not able to earn anything up to one year then you can run the franchisee with your investment for at least one year.

Selection of people and employees

For franchisees you need to select people who have already worked in this field. You can also take experienced people from restaurants and hotels to your franchise. Once you select the people, train the people. During training, they will be told how to work.

After analyzing all these information, it is understandable that KFC offers its franchisees only to them. People who are strong both financially and mentally. Simply put, traders who keep a record of crores can take this trade i.e. franchise. You can multiply your wealth by investing money in it.

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How to open a KFC franchise