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. When you're ready to throw your hat into the ring, the process begins with simply entering your email address on the Chick-fil-A franchise-information page.
Part of the reason for this thoroughness is that the company isn't looking for an absentee store manager. As the company's corporate materials indicate, they expect franchise operators to give an enormous amount of personal attention to their franchises.
On the other hand, you may have read that Chick-fil-A insists that you have prior food-service experience, have managed a restaurant, or even have worked at a Chick-fil-A in particular. None of those things are true, according to the company, and in fact, some franchise operators have little or no experience with operating a fast-food restaurant. Chick-fil-A touts Jim Toth, a franchise operator in Temecula, California, who is a retired Marine with no prior food-service experience. Even so, more than half the candidates who are eventually offered franchises have some prior job experience with Chick-fil-A, the company says.
Becoming a Chick-fil-A® Franchisee offers the opportunity to build a business, shape a culture and invest in a better future.We are seeking franchise candidates in the U.S., Puerto Rico and Canada. Read on below for more information about U.S. opportunities or click to be redirected to the Puerto Rican and Canadian applications. Please note you cannot apply for a franchise opportunity in the U.S., Puerto Rico and Canada simultaneously.
One of the best ways to start a new business is by capitalizing on a franchise opportunity. Not only do franchise opportunities come with premade marketing collateral and high brand awareness, but you get extensive business support from the franchiser.
When was the last time you made a fast food stop or purchased a cup of coffee before work? If the brand is recognizable and has multiple locations throughout your city or town, like McDonald's or Dunkin', it's quite possible your favorite food joint is a franchise.
In fact, the US Census reports that 11.4% of all businesses in the US are franchises. While restaurants make up the bulk of franchise opportunities, gas and convenience stores, car dealerships, fitness, real estate, and hospitality sectors also make up a sizable chunk.
Determining the profitability of a franchise isn't an exact science, but there are a few factors to consider, including the unit growth, new franchisee success rate, and the franchiser's financial statements.
7Eleven, for example, flies accepted franchisees to their support center in Dallas for training. They also have a resource center with seminars and events. Not all franchisers, especially small ones, will have extensive resources like 7Eleven, but make sure they offer basic training.
Popeyes is consistently one of the top franchises to own in Entrepreneur's Franchise 500 Rankings. It's a well-known fast-food brand with a global presence, strong advertising strategies, and well-developed core philosophies.
Great Clips has been in business for 30 years and provides its franchise owners with up-to-date technology and training. It has invested heavily in market research to provide customers with the best service and experience.
This quick-service restaurant brand has been around for 50 years and has developed financial stability and brand recognition. It has a proven operating system and gives you access to restaurant resources and a community of more than 350 franchisees who know the business.
Ace Hardware exudes a local feel, which starkly contrasts the big-box home improvement stores like Home Depot and Lowe's. This franchise prides itself on stellar customer service and store-brand products.
The initial investment in a franchise can be pricey, and range anywhere from a few thousand dollars to over a million. If you're looking to purchase a franchise at a lower price point, there are options for you in a variety of industries.
JAN-PRO is a commercial cleaning franchise whose clientele is other businesses. They offer three options for franchising: international master franchise, executive business, and home-based opportunities.
If you're looking to start a low-investment, exercise business, a Jazzercise franchise might be a good fit for you. It offers various price points to begin a franchise and you can find the one that aligns with your budget.
This bakery is unique because, despite being a franchise, it has a "Mom and Pop shop" feel. There are locations across the United States, and its cakes have been featured in popular media outlets like Food and Wine Magazine, Food Network "Unwrapped", and Franchise Times.
Soccer Shots is a children's soccer program with a focus on character development. It has a low overhead cost, supports its franchisees, and has well-established relationships with national brands like Adidas and the U.S. Soccer Foundation.
That does come at a premium cost, such as franchise fees and ongoing royalties paid out to the franchisers. However, you will see a high return-on-investment once new customers begin walking in almost immediately after opening the location.
In addition to dictating how your business runs, franchises also lack autonomy when it comes to finances. Your franchisor will most likely control all aspects of the franchise's financial dealings. Be prepared to routinely submit financial statements such as your balance sheet and income statements.
In addition to startup costs, franchise owners should budget funds for reinvestment in the business and other fees stipulated by the franchisor. These additional costs can come in the form of training fees, royalty fees or other services like advertising.
First up, make sure that you have a good enough credit score to qualify for loans. Having a savings account is also essential. Keep in mind that some franchisers could require you to pay for the up-front fee without a loan. For that reason, you should consider franchises that accommodate your unique financial situation.
Small business loans are an excellent option for covering your franchise fee and up-front investments. Depending on your financials and your lender, you can qualify for hundreds of thousands of dollars, which will more than cover you during the setup phase.
If you are basing your decision on which franchise to open mainly on costs, it is important to have an idea of which ones have the cheapest point of entry. Keep in mind that, even after you open your business, you may have to pay an advertising fee, royalty fee or other recurring costs. Here are some of the cheapest franchises to start:
Help-U-Sell has been helping homeowners list, market and sell their homes for over four decades. The brand is well known in the real estate world, and you can start your own franchise location for between $29,650 and $67,650.
Opening a commercial cleaning company tends to involve an especially large number of equipment purchases. When you open a Stratus Building Solutions franchise, you eliminate most of this burden, and you can open your location fairly inexpensively. Expect to spend between $3,450 and $50,350 to open a Stratus Building Solutions location.
Like Stratus Building Solutions, Anago Cleaning Systems offers cleaning services. However, Anago focuses more on regularly scheduled office cleanings, whereas Stratus tends to perform one-off commercial cleaning jobs. Both franchises allow affordable entry into the cleaning industry.
However, when you also consider the potential for long-term profits, it becomes more complicated. Is it better to make a small upfront investment to launch a franchise location with modest profits, or should you invest more to make a bigger profit over the long term?
The most profitable franchise to open may be Jazzercise. The boutique fitness sector to which Jazzercise belongs remains the fastest-growing sector of the modern fitness industry, which is worth $26 billion.
In addition to its many storefronts, a franchise likely has a corporate office. This office houses employees who oversee marketing, management and training for all franchise locations, so when you need help on any of these fronts, you have built-in assistance.
The cost of new inventory and supplies is often lower for a franchise. A franchisor may have larger collective buying power than an individual business, which can result in cost savings when buying large quantities of equipment or other materials. The money saved by using that purchasing power is often passed on to franchisees.
Whether you are just starting to look into franchise ownership or are ready to figure out financing options, our courses will give you the information you need to be ready to become a franchise owner.
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Chick-fil-A is a privately owned and family-operated quick-service restaurant specializing in boneless chicken-based dishes. The Chick-fil-A franchise has gained a cult-like following that has propelled the brand from the American South, its base, to a nationwide chain of approximately 2,500 locations and estimated annual systemwide sales over $10 billion. With its emphasis on family, and its early reputation for outspoken Christian values, Chick-fil-A has invited some controversy while still attracting broad American appeal. More about the cost of owning a Chick-fil-A franchise below. 781b155fdc