
Golden Chick
Chicken- 2021 Franchise 500 Rank
-
#302 Ranked #335 last year
- Initial investment
-
$441K - $1.3M
- Units as of 2020
-
184 8.2% over 3 years
Company Overview
In 1996, the name was changed from Golden Fried Chicken to Golden Chick. The conversion included an image update and the addition of new menu items, such as Golden Roasted Chicken and a variety of new side items to go along with all the existing menu item favorites. Free-standing and co-branded units offer dine-in, takeout, drive-thru, catering and optional delivery service.
About Golden Chick
Franchising Overview
- Franchising Since
- 1972 (49 years)
- # of employees at HQ
- 35
- Where seeking
-
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees worldwide.
- # of Units
- 184 (as of 2020)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Golden Chick franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $30,000
- Initial Investment
- $440,950 - $1,348,500
- Net Worth Requirement
- $1,500,000 - $2,500,000
- Cash Requirement
- $350,000 - $500,000
- Veteran Incentives
- 33.33% off franchise fee
- Royalty Fee
- 4%
- Ad Royalty Fee
- 1%
- Term of Agreement
- 20 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Golden Chick has relationships with third-party sources which offer financing to cover the following: franchise fee, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 160 hours
- Classroom Training
- 27-28 hours
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- # of employees required to run
- 12
- Are exclusive territories available?
- Yes
Franchise 500 Ranking History
Compare where Golden Chick landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Golden Chick ranked on other franchise lists? Find out below.
Franchise 500 Ranking
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