KFC’s bargaining with billions of customers; can you become the next best franchiser?

KFC-the ever-best choice for anyone who has money and love to start a profitable franchise business. The name KFC itself creates a gratitude for their business and saves big time and the cost in spending for branding, building awareness and building a unique business theme. However, the success of any franchiser is pre-confirmed bearing that each 14,000 franchisers from eighty countries do approximately get more than twelve million visitors every day.

One big flexibility in becoming a KFC supplier is that this firm also allows a bit of localization for its franchisers though the firm says that it practices fully standardization. For an example, KFC franchisers in Asian countries do localize their menus though they strictly maintain standardization in other policies..it allows them to be the successful players in their local markets with globalized business standard.

A common question asked by many stakeholders of this concern is that how much capital is needed to gain this golden duck. The minimum rate of franchising fee required to gain the franchise is 25,000 dollars. However, it is not just enough to start a KFC franchise..it needs further initial capital that ranges from 1.1 million to 1.7 million dollars. Here is a snapshot of assets that cost such a huge amount of capital.

·         Construction equipment

·         Utility deposits and business license that costs around 7000 dollars

·         Supplier negotiations costs

One major challenge of being a KFC franchiser is maintaining good supplier standards. All KFC franchisers are expected to purchase from authorized suppliers who maintain a good standard of animal rights.

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