KFC's application to open a store in the county is likely to be successful, but it needs to meet a series of strict conditions. First of all, applicants should have a college degree or above, and have a deep understanding and recognition of KFC's corporate culture. Entrepreneurship and relevant industry experience are essential, and at the same time, it is necessary to ensure that individuals have no criminal record and bankruptcy history to ensure good business reputation. In addition, in order to ensure brand consistency, franchisees cannot have conflicts of interest with other brands under Yum! Brands such as Pizza Hut or Taco Bell.
after the application is approved, franchisees will receive comprehensive catering management training for 13 weeks to ensure that they have the professional ability to run restaurants. The franchise relationship of KFC is usually a long-term cooperation, and the initial contract period is at least 11 years. However, the joining fee is the key factor to determine the success. At present, the joining fee is between 2 million and 8 million RMB, and the specific fee will depend on the location of the store and the expected profit. This fee covers restaurant decoration, equipment, operating costs and staff transfer, but does not include the purchase of real estate, which means that franchisees need to bear part of the initial investment by themselves.
Franchisees can choose a variety of financing methods, such as bank loans or finding partners, but they must ensure that their own investment accounts for at least 71% of the total investment. Generally speaking, although the application process is strict, it is feasible to open a KFC store in the county as long as it meets the conditions and has sufficient funds.