How To Start KFC Franchise In South Africa
What is KFC?
KFC is an American fast food restaurant chain headquartered in Louisville, Kentucky, that specializes in fried chicken.
How To Start KFC Franchise In South Africa
1. Ensure you have adequate capitalization.
In order to open a KFC franchise, you must have a net worth of more than $1,500,000.
2. Appreciate the investment required for a restaurant franchise.
You will need to consider building and real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc.
3. Evaluate your prior experience and strengths.
You should thoroughly evaluate your prior business experience before applying to become a KFC franchise owner.
4. Assess market availability.
You will want to look at the market availability for KFC franchises and see if there are available markets in your location of interest before proceeding with the franchising application.
5. Submit your application.
Your application will be reviewed by the KFC franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner.
6. Receive approval & opening your KFC franchise.
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.
Frequently Asked Questions (FAQs).
How much does it cost to open a KFC in South Africa?
Prospective franchisees need to show that they have the required funds to fund up to 5 or more KFC stores. One store costs in the region of R6 million.
How much does it cost to buy a KFC franchise in South Africa?
The company requires operators to have at least R1.5 million in total net worth and R750,000 in liquid assets. KFC also charges its operators a R45,000 franchise fee, according to Franchise Direct.
How much does a KFC franchise make in South Africa?
How Much Profit Does the KFC Franchise Make Per Year? As an individual unit, KFC makes about R942,000 R1,000,000 per year. Although Yum! Brands keeps their franchise owner’s salaries private, it can be estimated that owners take home roughly R120,000 a year, based on average food franchise owner salaries.
How much does KFC make a year in South Africa?
So who makes the most money? Right at the top of the earnings chart sits KFC with R8.71 billion in revenue for 2017. That represents a 9.4% yearly growth for SA’s biggest chicken outlet.
How much does KFC Make a month in South Africa?
How much does a General Worker make at KFC in South Africa? Average KFC General Worker monthly pay in South Africa is approximately R 5 112, which is 21% below the national average.
How much is debonairs franchise in South Africa?
95 million (excluding VAT). According to Debonair’s South Africa’s franchising documentation, new franchise owners can expect to pay around R2 million. According to its website, once applicants have been granted and guaranteed a franchise, Debonairs will assist you with a business banker for your application.
Who owns Kentucky Fried Chicken in South Africa?
KFC first entered the South African market in 1971. The company was forced to divest its 60 company owned outlets and trademarks to a South African holding company called Devco in 1987 after the US Congress passed a law forbidding American companies from owning South African assets.
How long does it take to build a KFC in South Africa?
This restaurant opened its doors for trading, just 38 days after the first modules arrived on-site, with the total project taking just six weeks from order. We’re proud to have shown KFC – first hand – the advantages of off-site construction, designing and building KFC’s first modularized restaurant.
How much is a Pick n Pay franchise in South Africa?
Business Insider SA has published a report on South Africa’s supermarket franchise market. Click here to read it. Opening a Pick n Pay store costs in the region of R10 million, and a KwikSpar Spar between R6 million and R7 million, according to Business Insider SA editor Helena Wasserman.
Who owns the most KFC franchises in South Africa?
Bert Gunning, South Africa’s most awarded franchisor – 41 KFC’s.