If you want to open it, you can open it as far as North Road. They are already on the market. Hee hee~~~~~ In the seven years since it started franchising business in China, KFC lowered the threshold for the first time yesterday and lowered the franchise fee to a minimum of 2 million yuan. At the same time,

Expand the geographical scope of franchise.

Second-tier cities are allowed to open franchises to KFC. Parent company China Yum Brands revealed yesterday that since KFC opened its franchise business in the Chinese market in 1999, it has only given priority to restaurants with strong growth momentum in third- and fourth-tier cities as franchise options.

Although the purchase fee varies depending on the actual situation, it has always been around RMB 8 million.

According to reports, KFC will expand its franchise store selection geographically in the future. Except for first-tier cities such as Beijing, Shanghai, Guangzhou, and Shenzhen, joint ventures such as Suzhou and Wuxi, and the entire province of Zhejiang, which has not yet opened franchise business, all other second- and third-tier cities will

Franchise franchises will be opened in all cities.

In addition to increasing the number of franchise stores, KFC will also have a wider range of choices in terms of price.

The purchase fee for KFC restaurants may be as low as RMB 2 million for some restaurants, but the franchise period is still at least 10 years.

KFC will open its store finances. In order to attract investors to join, KFC will open its store financial statements and charge franchise fees based on the operating income of existing stores.

Tang Damo, director of the Franchise Development Department of China Yum Brands Restaurant Group, said that whether the franchise fee is 8 million or 2 million yuan, it refers to the reference price for purchasing a mature and operating KFC restaurant based on some comprehensive indexes, including the restaurant

All interior decoration, supporting equipment and facilities as well as trained restaurant management personnel.

The actual transfer fee of the target restaurant is not fixed, but depends on its business conditions, location in the business district, and restaurant area.

Franchisees can judge and choose entrepreneurial opportunities that suit them based on their own financial conditions.

KFC executives did not respond to questions about the investment payback period and whether the proportion of franchise stores in the mainland market has been maintained within 5%, but made it clear that investment recovery has a very close causal relationship with the franchisee's business strategy and management level.

If management is not good, KFC will not have a buyback plan.