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I want to open a KFC in the county. I wonder how much the joining fee will cost?

2 million RMB.

Since August 2111, when the first KFC franchise store in China was authorized to hand over in Liyang, Changzhou, in January 2114, over 11 such restaurants were authorized to join. Of KFC's 1,111 stores in China, 95% are directly operated and 5% are franchised stores.

firstly, the initial franchise fee of $37,611 must be paid at the beginning of a franchise store. This fee is one-time and will be adjusted according to the price index of the United States in that year. At the same time, every franchisee must pay this fee when developing a new store.

second, the transfer fee for each restaurant is RMB 8 million (as low as RMB 2 million in second-and third-tier cities). The business area of KFC restaurants ranges from 351 to 411 square meters. This 8 million yuan is the reference price for buying a KFC restaurant based on some comprehensive indexes. The actual transfer fee will depend on the sales and profit of the target restaurant.

after paying this fee, the franchisee can take over an operating KFC restaurant, including all the decorations, equipment and facilities in the restaurant, and the trained restaurant staff, including the cash flow and profits generated in the future operation. But it does not include the cost of real estate rental.

thirdly, the cost of going concern includes the franchise fee which accounts for 6% of the sales and the advertising share fee which accounts for 5% of the sales. These rates and fees are formulated on the current basis and will remain unchanged for ten years after the franchise contract is signed.

considerations for opening KFC site in the county

1. Consider the flow of people: First, the headquarters will compare the five most prosperous business districts in the county, if not, compare all the business districts. In the choice of business circle, the most important thing is the flow of people and the quality of customers. The headquarters measures the consumption power and customer quality of the business circle by investigating the number of parking spaces in this business circle.

2. Identify the right gathering point: The second step is to consider the maturity of the business circle and see if the guests have a gathering point, that is, where the business circle has a large flow of people. This is to consider whether you can stay here and how long you will stay here. If most people really pass by, even a big brand like KFC can't keep customers.

3. conform to the flow line: it is true that the business circle is prosperous, but if the flow line does not conform, the business will not be good either. This headquarters will be considered, so everyone need not worry too much. In which direction the people in the central business square go, the headquarters will pinch the table to calculate, and then choose the location of the store after establishing a complete set of data.

what are the above references? Baidu Encyclopedia-KFC