How much does it cost to join KFC? KFC is part of Yum Brands, one of the world's largest catering groups. This big brand is no stranger to men, women and children. Since opening its first restaurant in mainland China on Qianmen Street in Beijing in 1987, after decades of development, KFC has opened more than 3,000 chain restaurants in more than 500 cities in mainland China, making it the largest and fastest-growing fast food chain in China. One of the enterprises. It has truly opened a popular restaurant and is loved by everyone, especially children. Of course, this is also one of the brands that many entrepreneurs want to join. So how much does it cost to join KFC? The chain editor will reveal it to you below.
KFC: initial investment of 8 million yuan.
KFC’s franchise business in mainland China currently only adopts one method-restaurant transfer. It means selecting some suitable KFC restaurants and selecting qualified franchisees for resale. With authorization, franchisees can purchase one or two to three restaurants in the same area at the same time, and can open new KFC restaurants in the same area in the future. Yes, joining KFC costs at least 8 million.
The transfer fee for each restaurant is more than RMB 8 million. The business area of ??KFC restaurants ranges from 350 to 400 square meters. The 8 million yuan is the reference price for purchasing a KFC restaurant based on some comprehensive indexes. The actual transfer fee will depend on the sales and profit status of the target restaurant. After the franchisee pays this fee, he can take over an operating KFC restaurant, including all decorations, equipment and facilities in the restaurant, and trained restaurant staff, as well as the future cash flow and profits generated during the operation.
KFC franchise fee; initial investment to join: initial franchise fee. Basic store management training fee. Restaurant purchase costs exceeding RMB 2 million. Fees are payable during ongoing operations. Franchise continuation fee: 6% of the restaurant’s turnover. Advertising and promotion expenses: not less than 5% of the restaurant’s turnover.
How much does it cost to join KFC? I believe everyone has a preliminary understanding. Franchisees can arrange a certain proportion of loans by themselves, but the proportion of their own funds invested in the project cannot be less than 50 . If you want to join the catering giant KFC, please contact us now.