| Harland Sanders, father of 24 KFC Corp, began his | | | | case is 20 years after which it should be renewed to |
| journey in 1930. He started his business named | | | | continue franchising. Besides these, the amount of net |
| Sanders Court & Cafe in Corbin, Kentucky, a room | | | | worth, cash liquidity and experience in restaurant |
| which was in front of a gas station. The contributions | | | | business are other essential requirements. The |
| of Harland Sanders to the local cuisine made him the | | | | requirement for net worth to hold a KFC franchise is |
| honorary Kentucky Colonel in 1936. Harland started | | | | $1,000,000 and cash liquidity is $500,000. Regarding |
| franchising in 1952 to expand his company and to | | | | business experience there are three important |
| increase the brand awareness. The first franchise was | | | | aspects, skills of marketing, experience in industry and |
| received by Pete Harman in Salt Lake City. According | | | | experience in the general business. |
| to their agreement Sanders Court & Cafe would | | | | The Financing System Of KFC |
| receive royalty of one nickel for each chicken sold by | | | | There are different types of financing available for |
| Pete Harman. | | | | KFC. In case of In-house business there will be no |
| KFC Franchise All Over The World | | | | franchise fee, startup costs, cost for equipment and |
| The delicious chicken preparation of KFC is famous all | | | | inventory. Furthermore, there will be no payroll and |
| over the world. However, the recipes of KFC remain | | | | accounts receivable. In contrast for a third party |
| secret. The number of foreign franchises steadily | | | | business all these costs should be incurred. |
| increased day by day. It was 5,316 in the year 2006 | | | | How To Run A Successful KFC Franchise? |
| and became 7,482 in 2009. In the US, there is a little | | | | The concept of a franchise model is the backbone of |
| fluctuation in the number of franchises over the years | | | | a brand named restaurant. To be a successful |
| from 2006 to 2009. On the other hand, the Canadian | | | | franchise of KFC you should be determined to owe at |
| franchisee remained at 773 since from 2006. | | | | least 5 KFC restaurants in the long term. The |
| Cost and Fees To Buy A Franchise | | | | restaurant should be located in a busy area where |
| Being a KFC franchise is an excellent choice to | | | | people have higher average earning. There must be |
| expand your restaurant business. The franchise fee | | | | multiple sources that are ready to finance your |
| for KFC is $45,000 and the amount of investment will | | | | business in the long term. Buying a KFC franchise |
| range in between $1,379,900 to $2,422,500. The owner | | | | provides you the benefit of a well established brand. It |
| of the franchise is liable to pay an ongoing royalty of | | | | also benefits you with corporate support and wide |
| 5% of the total revenue. Term of agreement in this | | | | market coverage. |