Chicken Licken Franchise For Sale In South Africa
What is Chicken Licken Franchise?
Chicken Licken franchise is a world-known chain of fast-food restaurants. The menu includes fried chicken dishes, burgers, salads, desserts, and beverages. The company was established in 1981, and in the same year their first franchise was offered for sale.
Chicken Licken Franchise For Sale In South Africa
Chicken Licken Franchise For Sale South Africa. – A fast food chicken franchise opportunity that is perfect for the South African market.
Frequently Asked Questions
Which franchise is most profitable in South Africa?
Coming in at number one, KFC is the most popular franchise in South Africa. The brand has been established globally and loved by millions of South Africans
What type of a business is Chicken Licken?
Chicken Licken is a South African fast-food fried chicken restaurant chain. The company had a 5% share of South Africa’s fast food market in 2010, tying with McDonald’s.
Is Chicken Licken a South African franchise?
Chicken Licken is a South African fast-food fried chicken restaurant chain. Chicken Licken was founded in South Africa by George Sombonos, the son of a Greek immigrant restaurant owner.
What is meant by the term franchise?
A franchise (or franchising) is a method of distributing products or services involving a franchisor, who establishes the brand’s trademark or trade name and a business system, and a franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor’s name and system.
Which franchise is most profitable in South Africa?
Coming in at number one, KFC is the most popular franchise in South Africa. The brand has been established globally and loved by millions of South Africans.
How much is Sasol garage franchise?
Franchise fee is R2. 5M. Working Capital is R1. 5M Fuel Guarantee is R 850 000.00 ( Garage Sure or Refine – subscription ) Total Amount Required – R4M.
How do franchise work?
In franchising, a franchise owner partners with a corporate brand to open a business under the brand’s umbrella. The franchisee owns and operates that location using the franchisor’s brand name, logo, products, services and other assets.
What is the main purpose of franchising?
The primary reason most entrepreneurs turn to franchising is that it allows them to expand without the risk of debt or the cost of equity. First, since the franchisee provides all the capital required to open and operate a unit, it allows companies to grow using the resources of others.
What is different between KFC and chicken liken?
Chicken Licken, a fast food franchise that specifies in the exact same food as KFC does (Fried-Chicken) is known well locally but not know at all internationally. The reason for this is because Chicken Licken was started up locally but has not yet expanded internationally.
What is the target market of Chicken Licken?
Chicken Licken, which serves predominantly the emerging market, and has seen its share of stomach slide in recent years, is understood to be a likely target. The recession means families eat out at expensive restaurants less and a growing number buy fast food to take home as a treat.
Who is the current owner of Chicken Licken?
George Sombonos started Chicken Licken restaurants in Johannesburg with one store and four Henny Penny pressure fryers. Thirty years and 250 stores on, Chicken Licken trails only KFC in South Africa and is the number one non-American owned fried chicken QSR in the world.
Is franchising a good investment in South Africa?
Although franchising is not new to South Africa, locally, it is still a relatively young concept, creating growth opportunities with returns above the global average. The current and consistent value of the rand makes investment in South African franchises attractive for international investors.
What happens if a franchise fails?
Often the best answer to a franchise that is not succeeding is for the franchisee to sell the business to a third party who becomes the new franchisee for that territory. This allows the failing franchisee to terminate its obligations under the franchise agreement and under any lease.