As a stay-at-home parent contemplating a return to the workforce, the prospect of launching a franchise business can be an overwhelming choice with many considerations and questions. Investing in a Chick-fil-a franchise is a high-potential opportunity that affords the foundation for a lucrative business investment. The International Franchise Professionals Group is committed to working with franchisees to ensure that every potential investor has a full understanding of the Chick-fil-a franchising process and comprehends the important pre-launch considerations.
Whether you are looking for a new challenge or you are a budding entrepreneur eager to build a business from the ground up, the exciting venture of owning a Chick-fil-a is sure to provide years of rewarding experience.
Below are some questions any prospective Chick-fil-a franchisee should ask and are important to fully evaluate the opportunity:
1.What is the Chick-fil-A capital investment?
Established in 1946, Chick-fil-A is the nation’s largest chicken restaurant chain and a leader in the fast-food industry. The total cost to open a Chick-fil-A restaurant varies depending on the location. Usually the cost is between $500,000 and $1 million. This includes a franchise fee of $10,000 to $45,000 plus startup costs.
2. Are there any restrictions with Chick-fil-A franchise ownership?
All Chick-fil-A franchises must be owned and operated by an individual or married couples. Franchisees must maintain a net worth of at least $1 million and have liquid assets of at least $200,000. Additionally, the franchisee must be willing to live within the franchise market area. Prospective franchisees must also demonstrate solid business acumen and management experience and have the ability to understand and follow the Chick-fil-A business model.
3. Are there any other qualifications needed for franchising?
Franchisees are expected to demonstrate that they have the leadership skills necessary to sustain business in the long-term. As the owner of a business, franchisees must have the tenacity to handle the day-to-day operations of a restaurant and uphold the Chick-fil-A standards.
4. Can I qualify for financing?
Chick-fil-A does not directly provide financing at the present time. There are however, commercial lenders willing to provide financing to those who qualify. Potential lenders, such as US Bank, should be contacted.
5. What training is provided to franchise operators?
All prospective Chick-fil-A franchisees must complete a 14-week course, covering everything from labor management and operational policies to customer service and local market strategy. This training is mandatory no matter how many restaurants the franchisee or husband and wife team owns.
6. What is the Chick-fil-A Real Estate process like?
Chick-fil-A does not directly own the restaurant sites. As part of their relationship with prospective franchisees, they will work together to identify suitable sites within the chosen market. Once the site is identified, Chick-fil-A will provide a detailed investment matrix to assist with long-term financial planning.
7. What is the average Chick-fil-A franchisee’s return on investment?
Generally, most franchisees report a return on investment of between 25 to 35 percent.
Making the decision to invest in a Chick-fil-A franchise business requires careful consideration of the pros and cons of this business opportunity. Chick-fil-A is a premier franchise that offers great potential for those willing to commit to the brand.
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