Details about the KFC Franchise Fee 2023 & the Franchising Process
KFC FRANCHISE FEE 2023 – You can check the details below as a guide in franchising KFC, one of the most popular fastfood chains worldwide.
One of the most popular fastfood chains not only in the Philippines but across the globe is KFC or the Kentucky Fried Chicken. The success story behind this popular and successful fastfood chain is not a secret to many people.
The Kentucky Fried Chicken or KFC was founded by Colonel Harland Sanders. He started selling fried chicken through his roadside restaurant in Corbin, Kentucky. The prices in the KFC menu this 2023 are low and affordable.
Now, KFC has at least 25,000 KFC outlets in 147 countries and territories across the globe. Some of these are franchise outlets.
The Kentucky Fried Chicken allows franchising but it has a quite strict qualifications. The offer is up for the following but not limited to:
- Motivation and Commitment
- Multi-Unit Operations Experience or Growth Mindset
- Personal and Financial Reputation
- Financial Capability
- Culture and Brand Fit
How much is the KFC franchise fee this year 2023? The amount starts at P19 million depending on the type of asset, the location of the store, and the area. You can franchise an in-line or mall store or a free-standing store.
The KFC franchise fee 2023 comes along with several benefits including the assistance from the food company from the site selection to the planning of the construction. It also handles the processes of the necessary requirements in putting up the store.
According to KFC, the total amount that will be spent for the construction of the food store will include the following:
- leasehold improvement
- seating
- signages
- POS system
- furniture
- fixtures
Franchisees also get an exclusive access to the trademarks and global brand assets of the Kentucky Fried Chicken. It also provides a year-round marketing support to help boost the sales of your food business. These marketing strategies include above-the-line campaigns, digital marketing, out-of-home, LSM, and merchandising.
KFC will handle the daily operation of your branch to really help it achieve its full potential. It will help in the operation, human resources hiring and training, information technology, and the procurement.