Brands KFC serves the crispy, appetizing chicken with equally high revenues and profits. It also franchises below KFC Corp.
(KFC LLC), which is one of the greatest fast-food franchises based on the complete sales method. It is one of the topmost twenty franchises in the world.
How Much Does It Cost To Open KFC Franchise In South Africa
Here’s how much it costs to open a Chicken Licken, Nando’s or KFC outlet. It will cost you upwards of R3 million to set up a franchised chicken fast-food outlet in South Africa.
Chicken Licken is the cheapest option, while a Nando’s outlet will set you back at least R7 million.
How much does a Chicken Licken franchise cost in South Africa?
Building your nest egg. Chicken Licken® Fly-Thru™ cost: R6,8 million minimum, dependent on the landlord contributions and which store you choose to build as well as which store best suits the area. The initial franchise fee is R180,000.00.
What is KFC royalty fee?
R41763375.68
| TYPE OF FEE | AMOUNT |
|---|---|
| Royalty | 4% to 5% of gross revenue or a minimum of R20342.61, whichever is greater, per month (minimum fee subject to adjustment based upon the Consumer Price Index). |
| National Co-op (advertising) | 4.5% of gross revenue. |
How can I get KFC franchise?
To open a KFC outlet, you need to check the official website. Go to the established KFC website, click the “Contact Us” option. Choose the Franchise option and fill out the application form.
Why is KFC a good franchise?
Why this is a great opportunity: Appeals to customer nostalgia. Low saturation compared to other brands. Reduced royalty fees for new owners (2% of net sales in year 1, 3% of net sales in year 2, and 4% of net sales in year 3; then 5% net sales for the remainder of the term.)