Owning a KFC Franchise

Being part of the Yum Brands definitely offers several unique advantages, but owning a KFC franchise may not be for every entrepreneur.

First and foremost, any potential franchisee must be prepared to own more than one franchise. Therefore, if you want to open a KFC, you’re also most likely going to need to open another franchise in the same location. That’s why you see so many groups of fast food stores in the same location. A good idea would be to consider owning multiple franchises on multiple sites.

Yum Brands has a long standing reputation for having ambitious entrepreneurs as their franchise owners. If you want to own at least 3 KFC franchises, you’re going to be on their ‘good’ list. In fact, ambitious owners will receive assistance and guidance from Yum Brands building up your franchises.

Here’s where so many people will fail to qualify for owning a KFC franchise. Plan to spend $1 million to $2 million to start up your KFC and partner brand franchise. On top of that, you have to have a net worth above $1 million and liquid assets of at least $360,000. You also have to have experience in the food service industry, or at least a partner will.

Plan on spending at least a year going through the whole process from start to finish. If you qualify based on their requirements, you will meet with the Yum Brands leadership to see if the relationship would be a good one for both parties involved. Then there would be the work finding a site and all that other fun stuff.

Bottom line is owning a KFC franchise can be a very solid investment and career choice, the strict requirements and lengthy time to complete the process will most likely eliminate most entrepreneurs before they even get started.