The KFC franchise fee and conditions are as follows
Franchise fee:
1. Restaurant purchase fee: more than 2 million yuan.
2. Initial franchise fee: approximately RMB 300,000.
3. Restaurant training fee: 53,000 yuan.
◆Fee to be paid during the operation period
2. Franchise continuation fee: 6% of the restaurant’s turnover.
3. Advertising and promotion expenses: no less than 5% of the restaurant’s turnover.
KFC franchise conditions:
1. Identify with KFC corporate culture and have consistent values.
2. Good business sense.
3. Understand the operating model of the catering/retail industry.
4. Have the willingness and long-term planning to develop KFC catering business.
5. Have excellent financial qualifications for the development of multiple KFC brand stores.
6. Rich personnel management experience and regional management capabilities.
7. Have good operating resources in a specific region or channel market.
Franchising without starting from scratch
The so-called "not starting from scratch" means that KFC transfers a mature and profitable restaurant to franchisees. Franchisees do not need to carry out a lot of heavy preliminary preparation work such as site selection, store opening, recruitment and training of employees, etc. These are all ready-made. Among them, location selection is often the key to success, and KFC has already done it for you.
This is the best way for KFC to carry out franchising in the Chinese market at this stage. Su Jingshi, president of Greater China of Yum China Restaurant Group, which owns well-known brands such as KFC and Pizza Hut, said, "Converting a profitable franchise to When KFC restaurants are handed over to franchisees, franchisees' business risks are greatly reduced, and they can succeed just by maintaining them."
For the above content, please refer to Baidu Encyclopedia - KFC