Uncover the surprisingly low cost of opening a Chick-fil-A and explore how this franchise model contrasts with industry norms, potentially leading to highly profitable ventures.
Why does it only cost $10,000 to open a Chick-fil-A?
The reason for this? Unlike other franchise models, Chick-fil-A — not the franchisee — covers nearly the entire cost of opening each new restaurant (which, according to its financial disclosures, runs from $343k to $2m). The franchisee only pays the $10k franchise fee.
What is the total cost to own a Chick-fil-A franchise?
Chick Fil A Franchise Cost (For 2022) The total investment necessary to begin the operation of a franchised Chick-fil-A restaurant business is from $219,055 to $2,912,697. However, the Chick Fil A franchise is only responsible for $10,000.
How much does a Chick-fil-A owner make the first year?
With a Chick Fil A franchise owner’s salary range typically falling between $150,000 and $250,000 annually, the investment in this popular fast-food chain can prove to be highly profitable.
What are the chances of becoming a Chick-fil-A franchise owner?
A very selective process According to an article from The Washington Post, Chick-fil-A only accepts 100 to 115 franchisees from the 40,000 who apply every year. That means only 0.25 percent of applicants are chosen (your kids’ chances of getting into Harvard are better!).
Is owning a Chick-fil-A easy?
For one, the franchise selection process is extremely tough. Less than 1% of people who apply to become a Chick-fil-A franchisee actually succeed. So, if you want a chance at being one of the few selected, you need to be prepared.
How much money does Chick-fil-A take from owners?
The initial franchise fee for a Chick-Fil-A franchise is $10,000. In addition to the initial franchise fee, you must pay to the franchisor a royalty fee of 15.0% of revenues.