My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

3 Things To Know

What You Need to Know Before Investing in a Chick-fil-A Franchise (60-Second Video)

Three things to know about one of the world's most successful franchises.
Guest Writer
Journalist
Opinions expressed by Entrepreneur contributors are their own.

Chick-fil-A is one of the most successful and influential fast food chains in America. Thinking of opening your own? Here are three things you should know.

  1. It’s not an investment. According to its website, "The Chick-fil-A franchise opportunity requires that the individual be free of any other active business ventures and operate the restaurant on a full-time, hands-on basis."
  2. It’s not easy. Of the 20,000 applications it receives on an annual basis, Chick-fil-A only accepts about 75 to 80 new franchises each year. That means about 0.4 percent of applicants get approved. By contrast, Harvard Business School accepted 11 percent of its applicants for the Class of 2019.
  3. They maintain control. You don’t own a Chick-fil-A franchise, you operate one. And to maintain ownership of the franchise, the company chooses the location, buys the real estate, constructs the restaurant and purchases the equipment. All you have to pay is a $10,000 franchise fee.

Watch the next 3 Things to Know video


 

More from Entrepreneur

Jason's expertise and experience can help you with storytelling, motivation, and pitching your business to media.
In as little as seven months, the Entrepreneur Authors program will turn your ideas and expertise into a professionally presented book.
Are you paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.

Latest on Entrepreneur