The company prohibits most of its franchisees from opening multiple restaurants, which can limit franchisees’ potential profits. To apply, candidates have to submit a form through the company’s website expressing their interest. You are expected to work in the business rather than on the business. The good news is that if you are selected for a franchise, your personal financial stake in the franchise is low. Your chances are virtually zero to ever get one. Chick-fil-A does not, and only allows for a single unit per franchisee.
Info on the Costs and Requirements
Inthe privately-owned Atlanta-based company, which was founded by S. Truett Cathy ingenerated more than 10 billion dollars. Beyond its impressive revenue, the restaurant chain is wildly popular with consumers. With such profitability and favorability, the demand to become a franchise operator is understandably high. Each year the conservative conglomerate, which has more than 2, stores in 47 states and Washington D. When the chicken empire opened up its first international location in Toronto in opeming and announced plans to open 15 more locations, restauraant than 3, people reportedly expressed interest in becoming operators.
Applying to Open a Franchise
But the odds of becoming a Chick-fil-A franchise operator are stacked against you. About 60, people apply for a franchise each year, and only about 80 are selected, according to a company spokesperson, giving applicants about a 0. If you’re eager to take the helm of one of the Chick-fil-A stores that open each year, you can expect an arduous vetting process. It begins when you officially apply to become a candidate. To decide if being a franchisee is right for you, Chick-fil-A offers informational sessions around the country that you can attend to learn more and get your questions answered, but they’re not mandatory, and you can apply without attending.
More from Entrepreneur
You own nothing and build no equity. Your store will be closed on Sunday to give employees a day off to rest or worship, although you might have some discretion to allow work on Sundays when rrstaurant comes to charitable activities. Where does the company rank in terms of value of investment, though? Login with Facebook Login with Google. In fairness to Chick-fil-A there are two ways to look at this and both are valid. My Account.
Comments
Post a Comment