“When people start a business, they want flexibility and real ownership,” says Kenny Rose, CEO of Semfia, a company that educates people about franchised investments. “But as a Chick Wire A franchisee, you only work on traditional management work.” Overall, developing, building and buying a McDonald`s or KFC could cost a franchisee more than $2 million. Many channels won`t even watch your app, unless you have a net asset of $1 million and 500k in cash easily spent. Franchise Description: The franchisor is Chick-fil-A, Inc. Franchisees (called Operators) will operate a Chick-fil-A franchise restaurant, which is a fast food restaurant specializing in a boneless chicken sandwich breast. Chick-fil A restaurants will be located on independent sites and non-autonomous sites, including shopping malls and inline units, sites that are only crossed and non-traditional locations where Chick-fil-A has direct access to site owners or managers, and can manage a restaurant store or concession without the use of licensees or potential licensees (satellite units). Once operators have operated their Chick-fil-A Restaurant franchise for a while, Chick-fil-A may offer them the ability to also operate one or more custom mobile food trucks so they can sell a limited menu of Chick-fil A branded products in several pre-approved outlets. According to its franchise guide, the initial development fee for a Church`s Chicken franchise is $10,000 per unit and the deductible fee is $15,000 per unit. Church`s is a global brand with 1,588 sites in 23 countries and continues to grow. Estimated total investments range from $1,074,150 to $1,826,300 (depending on size) and average annual revenue per unit is $966,353.
Territory granted: The operator is granted the limited right to operate a Chick-fil A restaurant in a location designated by the franchisor. The rights granted to operators under the franchise agreement are limited to their Chick-fil-A Restaurant commercial site and to all additional commercial sites identified as part of an additional activity change to the franchise agreement.