Financial Assistance: YUM offers an optional lending assistance program for qualified minorities. The YUM Minority Assistance Program covers financing for new minority franchisees purchasing an existing outlet, purchasing an existing company-owned outlet, or developing a new outlet.
It is an overview of what is contained in the full document, which is to be given to the prospective franchisee by the franchise--and receipt of which must be formally notarized between the parties. If you are interested in getting in touch with a franchise company, please search our listings via the "Industry" pages accessible from the drop-down menu above.
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Your next venture should be anything but ordinary. National Co-op advertising 4. Audit Entire cost of audit, including expenses of auditing personnel. Variations in initial investment depends on area real estate costs, the size of outlet being opened, the construction that needs to be done, and additional factors such as the amount of traffic the restaurant gets in its opening months. However, the defining fee for buying a franchise is the franchise fee. The franchise fee is basically a cover charge for entry into a franchise system, and for taking advantage of the expertise the franchisor has acquired.
The franchise fee for KFC is dependent on which type of franchise the franchisee decides to open. Get in the business of simple yet delicious Greek food! In the case of non-traditional KFC outlets, the franchise fee referred to by the franchisor as the initial license fee is dependent on term length.
All traditional KFC franchise agreements are for 20 years as of the date of this posting. The requirement is the amount of money a franchisor suggests a franchisee have in savings and able to access quickly in case of emergencies and setbacks when opening the business, including regular living expenses until the franchise unit begins turning a profit large enough for the franchisee to garner an adequate take-home wage.
Skip to content Have you ever wondered, how much it cost to buy a franchise in South Africa? The size of the restaurant, location, pre-opening expenses, inventory, selection of equipment, signage, seating and style of decor and landscaping will affect this cost.
From time to time, existing KFC franchisees may elect to sell their businesses, and it is therefore possible to become a new KFC franchisee by purchasing an existing KFC business.
Please note, however, that approval of any new franchisee into the KFC system is at the sole and unfettered discretion of the KFC franchisor. R R R4 Scroll to top.
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