Chick-Fil-A Franchise Possession FAQs

Are you interested by proudly owning your individual Chick-fil-A franchise? In that case, you’re doubtless questioning in regards to the possession course of and what’s concerned.

On this weblog publish, we’ll reply a number of the mostly requested questions on Chick-fil-A franchising. We’ll additionally present a couple of ideas that will help you decide if proudly owning a Chick-fil-A is the correct alternative for you.

So, whether or not you’re simply beginning to discover franchise alternatives otherwise you’re able to take the subsequent step, hold studying for useful details about Chick-fil-A possession.

What’s a Chick-fil-A Franchise?

A Chick-fil-A franchise is a restaurant chain specializing in hen sandwiches and different associated menu objects. Their brand is a Chick-fil-A cow standing in entrance of the restaurant with the phrases “Eat Mor Chikin” written on it.

Their headquarters is positioned in School Park, Georgia. The primary Chick-fil-A restaurant opened in 1967 in Atlanta, Georgia, and so they now have over 2,800 eating places, principally within the US.

• READ MORE: Buy Your First Franchise: Secrets Revealed

Chick-fil-A Franchise Historical past

The corporate was based in 1946 by S. Truett Cathy. The franchise mannequin is predicated on a easy method: produce a high quality product at an affordable value and supply glorious customer support.

This has helped Chick-fil-A to develop into some of the profitable restaurant chains within the nation. Along with its menu objects, the corporate can be recognized for its Christian values and conservative stance on social points. This has sometimes led to controversy, however it has additionally endeared the corporate to a loyal buyer base.

• READ MORE: Chick-Fil-A Success Shows Brand’s Ability to Triumph Over PR Problems

Is a Chick-fil-A Franchise Proper for You?

Now that you understand a bit bit extra about Chick-fil-A and what they provide, it’s time to determine if proudly owning one in all their franchises is best for you. Right here are some things to contemplate:

Professionals:

• Chick-fil-A is a well-established model with a loyal buyer base.
• They’ve a confirmed enterprise mannequin that’s profitable in each good and unhealthy financial occasions.
• Their eating places are typically positioned in high-traffic areas.
• Chick-Fil-A provides complete coaching and assist for franchisees.
• They provide a singular product that’s not simply replicated by their opponents.

Cons:

• You don’t truly personal or obtain any fairness if you personal a restaurant. Chick-Fil-A owns it and also you’re thought-about an “Operator.” This implies you possibly can’t promote your Chick-Fil-A location or go it on to anybody.
• Chick-Fil-A insists that the Franchise house owners of their quick meals eating places work at their location full-time working the day-to-day operations. This isn’t a passive funding, not like many different franchises.
• A franchise proprietor can not open a number of places, which might restrict your earnings.

How A lot Do Chick-fil-A Franchises Value?

To get began with your individual Chick-Fil-A franchise, you’ll have to pay an preliminary funding of solely $10,000. Whereas the restaurant can value wherever between $342,990 and $1,982,225 to start out, a franchisee is just liable for the preliminary franchise payment. Chick-Fil-A covers the remaining.

• READ MORE: Buy Your First Franchise: Secrets Revealed

The best way to Develop into a Chick-fil-A Franchisee

For those who’re excited about turning into a franchisee listed here are the steps:

1. Attend an informational session

You’ll first have to attend an informational session to be taught extra in regards to the franchising course of. Throughout this session, you’ll have the chance to ask any questions you could have about proudly owning a Chick-fil-A franchise.

2. Submit an software

After attending an informational session, you’ll be capable to submit a web based software. As soon as your software is reviewed, you’ll be contacted to schedule an interview. To organize in your interview, it’s a good suggestion to evaluation the corporate’s historical past and values.

3. Interview with Chick-fil-A

Throughout your interview, you’ll meet with a franchising consultant from the Chick-Fil-A company who will ask you questions on your background, expertise, and why you wish to personal a Chick-fil-A franchise. They may also assess whether or not you’re a superb match for the corporate. That is additionally a superb time so that you can ask any questions you could have in regards to the franchising course of.

4. Be authorized by the Franchise Board

For those who’re authorized by the Franchise Board, you’ll be capable to signal a franchise settlement and start the method of opening your individual restaurant. For those who’ve gotten this far, congratulations! Not many individuals are given the chance to develop into a franchisee of a Chick-Fil-A quick meals restaurant.

5. Full coaching

After you’ve signed your franchise settlement, you’ll want to finish a multi-week coaching program at Chick-fil-A’s Restaurant Assist Middle in Atlanta, Georgia. This program will train you every thing you should learn about working a Chick-fil-A restaurant.

• READ MORE: 10 Chicken Wing Franchises for Food Entrepreneurs

6. Open your restaurant

When you’ve accomplished coaching, you’ll be able to open your individual restaurant. You’ll be supported all through the method by Chick-fil-A’s skilled crew of franchise consultants. They’ll show you how to with every thing from web site choice to grand opening.

How Worthwhile Is a Chick-fil-A Franchise?

Chick-fil-A is likely one of the most worthwhile quick meals chains in the USA, bringing in over $11 billion in annual gross sales.

That’s behind solely McDonald’s which has over $40 billion in annual gross sales. On common, house owners make $220,000 per yr. Chick-fil-A eating places additionally common $5.3 million in annual gross sales.

Vital Info for Potential Chick-fil-A Franchisees

For those who’re seeking to open a Chick-fil-A franchise, there are a couple of extra issues it is best to know, akin to:

• The chain is closed on Sundays, in addition to on Thanksgiving and Christmas. That is because of the firm’s non secular roots. The founder, S. Truett Cathy, was a religious Southern Baptist.
• Chick-fil-A not solely has places in 47 states throughout the USA and Washington D.C., but additionally in Puerto Rico, Canada, South Africa, and the UK.
• Along with the preliminary franchise payment of $10,000, Chick-fil-A operators pay a 15% royalty payment plus an extra 50% of pretax revenue.
• What’s extra, is that they require that their franchisees not have some other energetic enterprise ventures. So if you happen to’re a serial entrepreneur, being a Chick-Fil-A operator isn’t for you.
• There are over 20,000 purposes yearly, however solely 75 to 80 get accepted to open new franchises every year (about 0.4% on the excessive finish). So it’s clear that competitors for these spots is fierce.
• The choice course of can take wherever from 12 to 24 months. So if you happen to’re occupied with opening a Chick-fil-A franchise, be ready for a protracted and troublesome course of.

Picture: Depositphotos

This text, “Chick-Fil-A Franchise Ownership FAQs” was first printed on Small Business Trends