Question: How much money do you need to start a fast food franchise?

What is the cheapest fast food franchise to open?

Chick-fil-A is among the most successful fast-food chains in the U.S., and it’s also one of the cheapest to open. The company grew by $700 million to achieve $5.8 billion in sales in 2014, making it larger than every pizza brand in the country, according toQSR magazine.

Is owning a fast food franchise profitable?

The same Franchise Business report suggests the top brands can earn in the neighborhood of $200,000 to $250,000, but the profit, after all expenses, for an average fast food franchise is around $82,000 annually.

Why is it only cost $10 K to own a Chick-fil-A franchise?

You don’t own a Chick-fil-A location.

The biggest reason it only costs $10,000 for a Chick-fil-A location is that you don’t actually own it. Just because you paid Chick-fil-A corporate $10,000, got accepted, and went through the extensive training program doesn’t mean you own the location.

What is the cheapest franchise to buy?

12 best low-cost franchises for aspiring business owners

  1. Cruise Planners. Franchise fee: $10,995. …
  2. Fit4Mom. Franchise fee: $5,495 to $10,495. …
  3. Chem-Dry. Franchise fee: $23,500. …
  4. Jazzercise. Franchise fee: $1,250. …
  5. Stratus Building Solutions. …
  6. SuperGlass Windshield Repair. …
  7. Mosquito Squad. …
  8. Pillar to Post Home Inspectors.
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How much to franchise a Chick-fil-A?

Opening a Chick-fil-A franchise costs between $342,990 and $1,982,225, including a $10,000 franchise fee, but unlike most other franchisors, Chick-fil-A covers all opening expenses, meaning franchisees are on the hook only for that $10,000.

Who is number 1 fast-food chain?

Ranking The Top 50 Fast-Food Chains in America

rank company total change in units from 2017
1 McDonald’s -122
2 Starbucks* 895
3 Subway* -1,110
4 Taco Bell 142

How much do Chick-fil-A franchise owners make?

According to the franchise information group, Franchise City, a Chick-fil-A operator today can expect to earn an average of around $200,000 a year.

How hard is it to open a Chick-fil-A?

Operators pay an initial $10,000 fee to be “granted the rights necessary to operate a franchised Chick-fil-A,” according to the company website. That’s compared to other fast-food chains where franchisees can invest hundreds of thousands, even millions, of dollars to open a restaurant, industry experts said.

Is it really only 10k to open a Chick-fil-A?

While operating a Chick-fil-A restaurant requires a relatively modest $10,000 initial financial commitment ($15,000 CAD in Canada), it requires a holistic commitment to own and operate the business in a hands-on manner. We are in the restaurant industry – the quick-service restaurant industry, at that.

How much does a Chick-fil-A manager make a year?

Average Chick-fil-A General Manager yearly pay in the United States is approximately $54,176, which meets the national average.