Introduction:
In New Delhi: When starting a food retail franchise in India, the KFC franchise is the finest choice. The KFC franchise is a fulfilling and prosperous business with excellent profit potential. Yes, KFC is undoubtedly among the most lucrative and Business Venture fulfilling options if you’re trying to start a retail-based food service franchise in India. But let’s explore more before you begin.
Fried chicken is the main menu item of this fast-food chain. It maintained a presence in 136 countries as of December 2019 and has 22,621 locations, making it the second-largest restaurant chain in the world, just behind McDonald’s. Louisville, Kentucky, serves as the location of the company headquarters.
The inception of KFC can be credited to Colonel Harland Sanders, an entrepreneur located in Corbin, Kentucky. He kickstarter his venture by selling fried chicken from a small roadside stand during the challenging times of the Great Depression. Recognizing the potential of the franchise model, Sanders took a step forward and established the first-ever “Kentucky Fried Chicken” franchise in Utah in 1952.
With its finger-licking good tagline, the food company promoted chicken in the fast-food industry while diversifying the market by challenging hamburger eateries’ hegemony.
This brand is well-known in India, and Tier I and Tier II cities have sizable followings. Over 400 locations comprise the company’s network, and it has been operating in India for over 20 years.
Opening a franchise in India is a good option for entrepreneurs starting a food-related business. The franchise has a strong reputation and a vast customer base and offers profitable returns to investors.
Opening a franchise in India could cost between Rs 60 lakh and Rs 2 crore, depending on your chosen region and outlet type. For example, opening an outlet in a tier 1 city will cost more than one in a tier 2 or tier 3 city.
Start This High-Return Business Venture:
Start This High-Return Business Venture [Source of Image : zeenews.india.com]
Another element that affects the price is the cost of opening a standalone location instead of one in a mall or food court. Expected ranges for the cost of opening different types of stores in India:
- The investment required to open a KFC franchise in a mall or food court ranges from Rs 50 lakh to Rs 70 lakh.
- Investment for a standalone outlet ranges from Rs 70 lakh to Rs 1.5 crore.
This covers both the franchise fee and the expense of launching the restaurant. The franchise cost for a KFC restaurant in India is 30 lakhs.
Speaking about profitability, the crucial factor is the actual sales figure. Typically, the profit margin stands at 10%. According to information gathered from various online platforms, individuals have the potential to generate earnings ranging from Rs 57 lakh to Rs 73.4 lakh.
Furthermore, it’s advisable to broaden the sources of both your income and investments. This strategy serves to decrease risk exposure and construct a more robust financial portfolio. Placing all your resources into a single endeavor might expose you to larger potential deficits.
In conclusion, while the objective of attaining Rs 7 lakh per month from an initial investment of Rs 50 lakh is ambitious, it demands meticulous preparation, risk evaluation, and a practical standpoint. Traits such as ingenuity, persistence, adaptability, and the willingness to derive lessons from achievements and setbacks are pivotal contributors to achieving success in business.
