Let me ask you a serious question, how much did you pay for your car? Probably more than $10,000, right?
The reason I ask is because you can own your own Chick-Fil-A Franchise for probably less than what you paid for your car. Isn’t that just crazy?!
I just found out that it costs just $10,000 to own and operate a Chick-Fil-A franchise and my mind is blown!!
“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.”
Now for some perspective, the most popular fast food franchises, start-up costs range from $10,000 to well over $1 million.
So, getting a Chick-Fil-A on that lower end of costs is amazing.
Now, you’re probably wondering, what’s the catch, right?
Well, there is an extensive list of “catches”. Basically, it’s really, really hard to get a Chick-Fil-A Franchise.
For starters, it is extremely competitive and Chick-Fil-A only approves so many applications to be a franchise owner a year.
Competitive candidates will show evidence of personal financial integrity and stewardship, proven business leadership-and business acumen, an entrepreneurial spirit, a growth mindset, and strong character.
Candidates enter the process by submitting an initial online application. If selected to progress through additional tiers of the application process, you will be required to submit information about your previous work experience, leadership, financial health, and geographical preferences. Applications are processed and prioritized based on need in growth markets. Candidates may indicate a geographical preference on their application and preferably will have personal connections to the community they hope to serve.
Aside from that, before you can even apply, you must meet this criteria:
- You have NOT completed the official Expression of Interest
- Have a personal interest in becoming a Chick-fil-A® Franchisee
- You are able to pay Chick-fil-A® the initial $10,000 franchise fee with non-gifted, non-borrowed funds, non-retirement funds
- You are prepared to devote yourself full-time in the day-to-day, hands-on operation of a franchised Chick-fil-A restaurant
- You have at least 5+ years of work experience
- You have supervised or led at least 5 or more people in all of your work experience (direct/or in direct)
- You have NOT filed for bankruptcy or for general protection from your creditors
Once you are selected, you’ll go through a series of training to ensure your business is a succuess.
The best part? You make 5% off the profits the restaurants brings in. The average Chick-Fil-A franchise owner makes $200,000-$240,000 per year.
So, if you are looking into a franchise, Chick-Fil-A may be it. You can learn more about the Chick-Fil-A Franchise Opportunity Here.