To obtain a KFC franchise, prospective franchisees should begin by exploring the franchising opportunities offered by KFC Philippines. A significant investment is required, typically ranging from P17 to P22 million for a mall or establishment-based store, with a required store area of 160 to 250 square meters. KFC also provides comprehensive training programs for new franchisees, including classroom and on-the-job training.
Here's a more detailed breakdown:
- Research and Inquire:
Visit the KFC Philippines website to learn about their franchising program and requirements.
Contact KFC Philippines to express interest and inquire about the current franchise opportunities.
- Initial Investment:
A substantial investment is required, varying based on the type and location of the restaurant.
For mall or establishment-based stores, a minimum investment of P17 to P22 million is typically required.
- Training and Support:
KFC provides comprehensive training programs to help franchisees succeed.
This includes classroom training, online training, and hands-on training at an operational KFC restaurant.
- Qualifications and Requirements:
Potential franchisees should demonstrate a strong understanding of business operations and have the financial resources to support the franchise.
KFC also considers a franchisee's personal reputation, motivation, and brand fit.
- Financial Capability:
Demonstrate the ability to cover the initial investment, operating costs, and any additional expenses associated with the franchise.
- Brand Fit and Commitment:
Show a strong commitment to KFC's brand values and culture.
Be willing to follow KFC's established operating procedures and training programs.
- Legal and Contractual Matters:
Be prepared to sign a franchise agreement with KFC Philippines.
Understand the terms and conditions of the franchise agreement, including franchise fees, royalties, and ongoing support.
- Location and Store Type:
Consider the location of the potential franchise and the type of store that best suits the market.
KFC offers different store types, including mall-based, standalone, and kiosk models.
