08 Sep, 2017

Chicken Franchises

There is absolutely no doubt that chicken is very delicious. More so if it is fried chick the resistance level certainly reduces to zero. This is because it is crispy, tasty and easily found on the market. What this means is that entering into the fried chicken franchises business would not be a bad idea at all. This is a world that has become fast paced so that many people do not have the time to wait for dinner. They want food instantly especially their fried chicken. In order to be very successful in the chicken franchises business, there are some vital things to be taken note of. The three most important elements to be always aware of in this business would include capital, commitment and capability. There are other qualities required of your personality like having a passion for this work. One needs to have enough start up funds to purchase the franchise in the first place. Aside this you need to get a team in place coupled with the right leadership qualities to manage affairs of the franchise business. Under normal circumstances, the liquid capital needed should be like $60,000. There would then be a royal payment of 4% on the gross profit that would be given to the parent firm. This is also known as the continuing franchise fee. All of these should be a major part of your budget every year. You would come across a number of the fried chicken franchises. One of the most populous anywhere in the world is that of the KFC, Kentucky Fried Chicken Corporation. They are based in Louisville, Kentucky and are known to be the biggest and famous of all chick restaurant chains ever. The benefits you stand to gain after acquiring any of the franchises would include a goof return on investment, reliable supply chain, quality on-board and training, sold business support, access to financing, development expertise, economic stability, multi-unit growth and a franchise value system. You also stand to get a competitive advantage, customer attraction and brand recognition. Indeed ready food is in high demand on the market especially when it is well prepared. However there are a number of risks associated with this kind of franchise business also. That is why the benefits are so plentiful. Therefore ensure that you do a good research of the ones available before choosing.