KFC

KFC

Chicken
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2022 Franchise 500 Rank
#26 Ranked #25 last year
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Initial investment
$1.4M - $2.8M
Units as of 2021
25,680 19.8% over 3 years

Here’s what you need to know if you’re interested in opening a KFC franchise.

In 1930, Colonel Harland Sanders opened his first restaurant and started what would later become KFC. The second location opened in 1952, and KFC has been franchising since then. Founded in Louisville, Kentucky, the company now has over 24,000 units all over the world.

For anyone unfamiliar with the company, KFC is known for its bucket of fried chicken. This is commonly served with a couple of sides to make a full meal for an individual or family. While this comfort food is the restaurant's core, new things are also added to the menu bringing a nice balance of familiarity and adventure.

Why You May Want to Start a KFC Franchise

KFC has been ranked in Entrepreneur's Franchise 500 many times in its existence. They have also been ranked in Entrepreneur's Fastest-Growing Franchises and is a consistent high-ranker in Entrepreneur’s Top Global Franchises. These rankings are based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability. 

The company wants people who are motivated and committed. KFC franchisees can expect hands-on involvement with the day-to-day tasks in this business. There is also a high focus on improving, simplifying, and innovating to satisfy customers. This could be a good option if you are ready to go all-in for a company that values improvement.

What Might Make a KFC Franchise a Good Choice? 

KFC is passionate about changing lives. They actively work to showcase diversity and inclusion and help the communities around them fight hunger. The company is also conscious about the planet and animal welfare, working to improve both of these areas and reducing their environmental footprint.

While franchisees are expected to take a hands-on approach, they are also seen as a valuable asset to the company and part of a community. KFC strives to create an inclusive atmosphere that can feel like home–they believe that comfort should extend past the dinner table.

To be part of the KFC franchise team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements. 

How To Open a KFC Franchise 

KFC provides many opportunities and resources to its franchisees. In addition to regular restaurants, there are also non-traditional options that may expand the opportunities of franchisees and the company. These are smaller options with roughly 900 square feet of workable space for locations such as airports, truck stops, and universities.

The company offers multiple weeks of on-the-job training, in addition to classroom training and ongoing support. Some of this support includes marketing support that complements the award-winning marketing KFC already has.

Opening a KFC franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.

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Company Overview

About KFC

Industry
Food
Related Categories
Chicken
Founded
1930
Parent Company
Yum! Brands Inc.
Leadership
Kevin Hochman, President

Franchising Overview

Franchising Since
1952 (70 years)
# of employees at HQ
341
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
25,680 (as of 2021)

Franchisor Information

Corporate Address
1441 Gardiner Ln.
Louisville, KY 40213

Information for Franchisees

Here’s what you need to know if you’re interested in opening a KFC 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
$45,000
Initial Investment
$1,442,600 - $2,771,550
Net Worth Requirement
$1,500,000
Cash Requirement
$750,000
Royalty Fee
4-5%
Ad Royalty Fee
5%
Term of Agreement
20 years
Is franchise term renewable?
Yes
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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
KFC has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, 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
9 weeks
Classroom Training
1.5 days
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
National Media
Social Media
SEO

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
Are exclusive territories available?
No
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Franchise 500 Ranking History

Compare where KFC landed on this year’s Franchise 500 Ranking versus previous years.

Stock History for KFC

Ticker Symbol for KFC: YUM

Additional Rankings

Curious to know where KFC ranked on other franchise lists? Find out below.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021