The minimum financial requirement to open a KFC restaurant in the U.S. is $1.5 million net worth and $750,000 in liquid assets. The start-up expenses include: construction costs (approx. $1,036,000), initial franchise fee ($45,000), development services fee (approx.  $17,000), real estate (approx.  $700,000), grand opening expense ($5,000), start-up inventory ($10,000), training expenses (approx.  $6,950), and miscellaneous operating costs (approx. $7,000). Joorney Business Plans has experience in creating long-term financial projections for KFC restaurants and understands the specifics pertaining to the initial investment requirements. 

The average equipment expenses for a KFC restaurant range from $329,000 to $476,000. KFC franchisees must install multiple items including restaurant equipment, furniture, decor items, counters, cash registers, the KFC merit system, small wares, and indoor and outdoor signage. Joorney Business Plans will help franchisees correctly assess and depreciate the value of the equipment in the financial projections.

KFC requires three key holders of a restaurant to attend and complete the KFC’s training program before a restaurant’s opening. Keyholders of the restaurant can include the franchisee, an above store leader, restaurant general manager, or assistant manager. Training ranges from eight to ten weeks and is conducted centrally in Louisville, KY, and in certified training stores. The franchisee is responsible for all costs incurred including travel and lodging of the management team. Joorney Business Plan Writers have experience describing and developing personnel plans and linking the proposed individuals’ training to their designated roles.

Franchisees select the site for their KFC restaurant. Although KFC must approve the proposed site, the approval does not imply that a KFC unit will be successfully operated at the proposed site or that any particular volume of sales can be expected from the proposed location, but only that the site meets the minimum standards set by KFC. The factors KFC considers in approving proposed sites include general location, traffic patterns, market size, visibility, demographics, and competitive locations. Joorney Business Plans assists clients in developing in-depth local market analyses with the expected local demographic and economic trends.