Have you ever considered investing in a brand that customers love, to make more for yourself? Then, you’ll want to consider Church’s Chicken restaurant for sale.
Investing in a restaurant franchise is a profitable business. By investing with them, you could skip the long process of having to start a restaurant that may not meet up with market demands. Even if you’re not interested in owning a restaurant, you could share in the vision of a world-class restaurant by investing in it.
In this article, we’ll talk about the history of Church’s Chicken, what the restaurant‘s franchise is, its cost, and its requirements. We’ll also share the benefits of investing in a restaurant franchise.
Let’s get the ball rolling!
History of Church’s Chicken
In 1952, Church’s Chicken began as a chicken-to-go joint. One of its biggest visions has always been providing hungry customers with delicious food and the best-fried chicken in the world, and it has remained true to this course in the past 69 years.
This brand, invariably, innovates new recipes to level up with the ever-changing desires of today’s markets. It has expanded its food services and an environment where customers can have a good meal and relax, across the United States.
It has a successful and reliable franchise that is always open for business worldwide, provides excellent and strategic training, useful feedback, and helps with real estate decisions.
What Is Church’s Chicken Franchise?
This restaurant started its franchise in 1967. It is a brand that offers quality products, ranging from lunch and dinner menu with spicy and flavorful chicken, at worthwhile prices and has locations across the world.
Requirements for Restaurant Franchise
There are four basic requirements that must be met before you can qualify for a restaurant franchise in a big establishment. Church’s Chicken restaurant franchise requirements include:
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Financial Resources
A person to invest in this restaurant franchise must have a minimum net worth of $1 million and liquid assets of not less than $300 thousand.
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Passion
The individual must have the ardor and willingness to be part of the proven brand.
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Growth
There must be zeal to help grow and develop the restaurant in the long run, or as the need arises.
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Experience
Restaurant operation experience is also an added advantage for restaurant franchise investors.
What Is the Cost of Church’s Chicken Franchise?
If you’ve been disinclined to invest in a restaurant franchise because of wondering how much Church’s Chicken franchise is, then, you should look out for this.
A minimum of $1,000,000 net worth and liquid assets of at least $300,000, is the average cost of a restaurant franchise like Church’s Chicken restaurants for sale.
Things to Know Before Investing in a Restaurant
To be certain that you’re making the right financial decision, there are some basic things you should know before signing any paperwork as an investor in a restaurant. Some of them include:
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Rate of Return
Besides talking about the cost of buying the franchise with the restaurant franchise owner, discuss what your rate of return will be for investing in the restaurant. It is strongly advisable not to invest if the restaurant’s rate of return will not be up to 20 percent in 10 years.
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Restaurant’s Occupancy Costs
These costs include everything to do with owning a building and renting it, as well as building insurance, real estate taxes, depreciation, amortization, and personal property taxes.
You have to carefully check out all these costs to be sure whether the restaurant is a good investment or not, as it may not be the right decision to proceed if the occupancy costs are more than 10 percent of the restaurant’s total sales.
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Cash Flow Projections
These projections are measured from tax returns and other financial records. However, if the restaurant is new, you can resort to reviewing their business plan since they have no financial history yet.
The business plan precludes the thought of not investing, because it gives you the future financial picture of the restaurant, and glean on who their active vendor partners are, what their yearly growth goals are, and what the restaurant is currently spending money on.
Although Church’s Chicken franchise owners have many years of experience and a long financial history that could be used for projection, if you notice frequent losses, reconsider investing in the restaurant.
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Investor Type
To stay on top of the game, you have to decide on the type of investor you want to be. A passive investor isn’t actively involved in the decision-making process, but gives the restaurant money, while an active investor makes crucial decisions for the restaurant and has a larger stake there.
Reasons to Invest in a Restaurant Franchise
One of the most lucrative franchises to invest in is the restaurant franchise. So, if you’re still hesitant about buying a restaurant franchise, you should look more at the many benefits that come with it.
Here are some reasons to invest:
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Availability of Growth Opportunities
Restaurant franchises are big and successful and are capable of opening more than one location. It’s a more secure investment as it’s hard to knock down since they pulled through the first few rough years of restaurant ownership.
According to All USA Franchises, four percent of small businesses in the country are franchises. These major franchises with great locations, high sales, and steady clients pull in about $200,000 to $250,000 per year.
More so, post-pandemic times are a good period to make investments, especially in the restaurant industry. Besides, research shows that in some years to come, our country will have a somewhat stable economy compared to the past few years.
Hence, investing in a restaurant franchise is a sure means to growing your income.
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In-built Demand
Investing in a big and successful restaurant franchise comes with an assurance that you will get huge return rates because people already love the food they sell.
The mere fact that there are other locations for the business goes to prove that the product they are offering is in demand. This will not be the case in most start-up businesses, as they have no proven and reliable concept.
People will always eat. Even in the heat of the pandemic, some people were still sourcing for means to place orders to be delivered to them, while still praying fervently for restaurants to be opened. This made delivery orders higher, thereby booming the restaurant franchise.
The high demands show how stable and effective a restaurant franchise is.
Conclusion
There are many reasons why investing in a restaurant franchise is a pretty good idea, provided you buy a restaurant franchise with growth history, stable and established roots, and a profitable cash flow projection.
In place of other franchises, you could invest in the restaurant franchise because they’re famous and have longevity. Now, maybe is the perfect time to consider buying a ‘Church’s Chicken restaurant for sale’.