Who owns KFC Vietnam?
After 17 years KFC Vietnam (KFCV), owned by closely held Asia Resource, has 140 restaurants in 18 provinces with some 4,000 employees. In Vietnam it is second only to Korea’s Lotteria fast-food chain in outlets.
How much does it cost to open a KFC franchise?
But opening a KFC restaurant requires a lot of money at the start. The company requires operators to have at least $1.5 million in total net worth and $750,000 in liquid assets. KFC also charges its operators a $45,000 franchise fee, according to Franchise Direct.
Who owns KFC Philippines?
Yum! Brands
It is now owned by Yum! Brands, which granted the mother franchise to KFC Philippines for the country. In 2019, Yum! Brands allowed KFC Philippines to start offering the business to sub-franchisees.
Is KFC a good investment?
Investing in a KFC franchise may prove to be lucrative. According to the FDD, the average net sales of a single-brand, franchise-owned KFC in 2018 was $1,159M.
How successful was KFC in Vietnam?
KFC opened its first restaurant in Ho Chi Minh City in 1997. Since then, the system has developed more than 140 restaurants present in 32 provinces and cities in Vietnam. Lotteria joined the Vietnamese market one year after KFC, and now it has more than 210 restaurants in more than 30 provinces and cities.
Why is KFC so successful in Vietnam?
Top reasons cited for favoring KFC were: delicious food (66 percent); convenient location (63 percent); suitable for family and the youth (60 percent); and variety on the menu (56 percent).
Is KFC franchise profitable?
Based on various magazines estimates KFC is able to make a good profit ranging from 7% to 8% of the total sales. Total Profit is estimated to be $70,000 to $90,000 per year/per store. Also if we consider monthly figures then a store can garner a good amount of monthly profits ranging from $5.8k to $7.5k per month.
How do I become a KFC franchise owner?
KFC requires franchisees to have $1.5 million net worth and $750,000 liquid assets to apply for a store. Collect your financial information and income tax records and meet with a business lender to prequalify for a franchise loan.
Is KFC making profit?
KOCHI: Kerala Financial Corporation (KFC), Kerala based pioneer industrial financing institution, has posted a net profit of Rs 6.58 crore for the FY 2020-21.
Where is the first KFC in the Philippines?
In June 1994, Manuel U. Agustines obtained the sole franchise over the sale and distribution of KFC products in the Philippines, under the corporate name of Quick Service Restaurants (QSR) Corporation. First outlet opened on Somerset Road in 1977.