KFC

KFC

Chicken
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2021 Franchise 500 Rank
#25 Ranked #24 last year
See the Full List
Initial investment
$1.4M - $2.8M
Units as of 2021
25,680 19.8% over 3 years

Company Overview

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 125 countries. KFC is now part of Yum! Brands, which also includes Pizza Hut and Taco Bell.

About KFC

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

Franchising Overview

Franchising Since
1952 (69 years)
# of employees at HQ
341
# 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

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
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty 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
Are exclusive territories available?
No

Franchise 500 Ranking History

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

Additional Rankings

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

Ranked #25

Franchise 500 Ranking

Ranked #2

Fastest-Growing Franchises

Ranked #2

Top Global Franchises

Ranked #3 in Chicken

Top Food Franchises

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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