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How much does it cost to open a KFC franchise store?

First of all, you should have funds

and the manufacturer will let you make the corresponding daily "customer volume" according to your city. The manufacturer will also send people to your store for bai inspection. Your store location is very important. If the manufacturer thinks that your location will affect your passenger flow, he will not approve you to join them!

KFC joining application form

How much does KFC joining fee need? KFC KFC joining fee and joining conditions:

initial joining fee:

about RMB 311,111

2. Training fee:

RMB 53,111

3. Restaurant purchase fee: RMB 2 million

4. Franchise continuation fee, advertising and promotion fee (charged according to a certain proportion of restaurant turnover)

At present, in China, KFC's joining is limited to small and medium-sized cities, and Beijing, Shanghai, Suzhou, Wuxi and Zhejiang provinces are not allowed to join, so Hangzhou is not included in its joining license. The joining mode of KFC is "joining from scratch", that is, the new franchisees will be authorized to operate a KFC restaurant that is already in operation, and they will not be able to open a new KFC restaurant independently. In other words, KFC's joining method has the nature of "restaurant transfer". However, the requirements for this "transfer" are very strict. Franchisees can't choose KFC restaurants freely and ask for transfer, but choose restaurants with restrictions in the information and regions provided by Yum! Brands.

in addition, franchisees must meet the following requirements: college degree or above; Identify with KFC corporate culture; Have the spirit of entrepreneurship; Have relevant experience; No criminal or bankruptcy record; There is no conflict of interest with other brands operated by Yum! (such as Pizza Hut and Taco Bell). After the qualification approval, the franchisees will also receive 13 weeks of catering management training.

joining KFC will be a long-term cooperative relationship, and the first term of the franchise agreement is at least 11 years. At the same time, joining KFC requires strong financial strength. At present, KFC's joining fee ranges from 2 million to more than 8 million, depending on factors such as store area and profitability. This fund includes expenses such as restaurant decoration, equipment, profit and employee transfer, but does not include the purchase of real estate. Franchisees can arrange their own financing methods, such as bank loans and finding partners. However, the proportion of self-owned funds invested by franchisees in this project cannot be less than 71%.

KFC will start cooperation with franchisees only after the organization, financial situation and project plan of the franchisees who apply for joining are fully recognized. The application procedure for joining KFC is as follows: download the application form and send it to Yum! by E-mail or fax; Two interviews; Three-day restaurant internship; The third interview; Confirm the qualification to join, select restaurants and sign a letter of intent; Conduct catering training for 13 weeks; Take over the store and formally operate. The whole process of application, examination and training takes about 6 months.

Reference: KFC official website.