KFC Corp.
ChickenBackground
Founded: 1930 Franchising since: 1952
In 1930, Harland Sanders opened Sanders Court & Cafe in the front room of a gas station in Corbin, Kentucky. He was named an honorary Kentucky Colonel in 1936 for his contributions to local cuisine. Colonel Sanders began franchising in 1952 and awarded the first franchise to Pete Harman in Salt Lake City, Utah. Their handshake agreement stipulated that the corporation would receive a royalty of one nickel for each chicken Harman sold.
Franchise Growth
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Worldwide
In 1930, Harland Sanders opened Sanders Court & Cafe in the front room of a gas station in Corbin, Kentucky. He was named an honorary Kentucky Colonel in 1936 for his contributions to local cuisine. Colonel Sanders began franchising in 1952 and awarded the first franchise to Pete Harman in Salt Lake City, Utah. Their handshake agreement stipulated that the corporation would receive a royalty of one nickel for each chicken Harman sold.
His recipe is still a secret, but billions of Colonel Sanders' chicken dinners are served annually in more than 80 countries. KFC is now part of Yum! Brands, which also includes A&W Restaurants, Long John Silver's, Pizza Hut and Taco Bell.
|
1441 Gardiner Ln. Louisville, Kentucky 40213 |
Phone: (502)874-8201 |
Franchise Growth
| Year | U.S. Franchises | Canadian Franchises | Foreign Franchises | Company Owned |
| 2009 | 4297 | 0 | 7482 | 3801 |
| 2008 | 4,387 | 0 | 7,166 | 3,339 |
| 2007 | 4,371 | 0 | 6,700 | 3,187 |
| 2006 | 4,277 | 773 | 5,316 | 3,067 |
| 2005 | 4,277 | 773 | 5,316 | 3,067 |
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Worldwide
Costs and Fees
|
Total investment: $1.2M-1.8M Franchise fee: $45K |
Ongoing royalty fee: 5% Term of agreement: 20 years, renewable |
Type of Financing Available
| In-House | Third Party | |
| Franchise Fee | No | Yes |
| Startup Costs | No | Yes |
| Equipment | No | Yes |
| Inventory | No | Yes |
| Accounts Receivable | No | Yes |
| Payroll | No | Yes |
Qualifications
Net worth requirement: $1M
Cash liquidity requirement: $360K
Business Experience:
- Industry experience
- General business experience
- Marketing skills
Rankings
Franchise 500® rank:
#14 (2009); #7 (2008); #23 (2006); #11 (2005);
Ranked #1 in category in:
2009; 2008; 2006; 2005;
Fastest-Growing Franchises:
#48 (2008); #75 (2005);
America's Top Global Franchises:
#13 (2009); #2 (2008); #7 (2006); #5 (2005);
#14 (2009); #7 (2008); #23 (2006); #11 (2005);
Ranked #1 in category in:
2009; 2008; 2006; 2005;
Fastest-Growing Franchises:
#48 (2008); #75 (2005);
America's Top Global Franchises:
#13 (2009); #2 (2008); #7 (2006); #5 (2005);