Kentucky Fried Chicken, also known as KFC has tickled the taste buds of of people all over the world. With its savory chicken, prepared with the most secret ingredients, KFC has rocked the word, together with its slogan, “Finger Lickin’ Good”. Colonel Sanders, the genius behind KFC, started KFC, where he struggled until he got his fist investors. In 1952, KFC started the franchising program, where the franchised branches grew to the thousands all over the world. To this date, the mother company of KFC is YUM! brands.
About KFC Philippines
KFC started franchising in 1967, where the franchise was awarded to various persons. The sole franchise was awarded to Manuel Agustine in 1994, where it was put under the company Quick Service Restaurants (QSR) which gives QSR the right to all franchisees in the Philippines. QSR is aggressive in expanding KFC in the Philippines and are giving an attractive franchise package to those interested. Chicken lover? You might want to start a KFC business.
The mother company of KFC is YUM! Brands, and YUM! restaurants international is responsible for the franchising business internationally. The YRI franchising system is quite different, as a franchisee, you also get to experience the franchises of Pizza Hut and Taco Bell as well.
How to Franchise: The Investment, Royalty Fees and The 3 Step Process of Franchising
The minimum worth of investments needed is $1.5 million, and $700,000.00 in liquid assets. the liquid assets are either cash or investments that can be encashed within 10 days. In addition to the total investments needed, the franchisee shall pay to the franchisor 5% of the monthly gross revenues.
- Contact and Application. Interested Franchisee will fill out Franchise Information Request Form through the online Franchise Information Request Application. If selected, a Regional Franchise Recruitment Manager (RFRM) will soon contact you. You will then be asked to complete and return a comprehensive Franchisee Application.
- Evaluation. If you are selected after submission, the RFRM will then meet you to review your comprehensive application and a background investigation will be conducted. Furthermore, a meeting with appropriate YRI management team members is then set. The application and evaluation period generally takes 8-12 weeks processing time.
- Approval. Market development zone and site selection process is done in this stage. Once approved as a new franchisee, a restaurant training is then required to you and your senior staff.
For more information, you can contact the franchise manager through the following information:
KFC Customer Care
7th Flr, Ramcar Center
80-82 Roces Avenue, Diliman, Quezon City
Tel: (0920) 962-3783