Isabel Rodriguez Business 1 Dr. Frank Alderete September 16‚ 2013 Report: Franchise What is a franchise? A franchise is a right granted to an individual or group to market a company’s goods or services within a certain territory or location. Franchises are a great avenue to business ownership for those with the entrepreneurial spirit-and they’re playing a definitive role in driving the economy upward. If you are thinking about buying into a franchise system‚ it is important that you understand
Premium Franchising Franchise Pizza Hut
The Kentucky Fried Chicken® was founded by Colonel Harland Sanders (born on September 9‚ 1890) at the age of sixty-five. KFC® is currently one of the largest businesses of the global food service industry and is widely known around the world as the face of Colonel Sanders. Every year‚ over a billion KFC® chicken dinners are served featuring the Colonel’s “finger lickin’ good” special recipe. The Colonel has spread his industry currently to more than eighty countries and territories globally
Premium KFC Pizza Hut Fast food
Background Yum Brands Incorporated is the world’s largest fast-food‚ or quick-service restaurant (QSR)‚ company in terms of restaurants‚ which numbered over 37‚000 at the end of 2010. It currently operates five restaurant chains‚ but by the end of 2011‚ that number will decrease to three: KFC‚ Pizza Hut‚ and Taco Bell. The remaining two chains‚ A&W and Long John Silver’s‚ will be sold in the 4th quarter of 2011 to companies formed by their franchise holders. As of November‚ 2011‚ Yum is in the
Premium Management Crime Medicine
will continue "rapid expansion" as it devises new ways to localize. The chiefs of Louisville-based Yum! Restaurants’ China operation offered an optimistic expansion blueprint Thursday ahead of a meeting of regional managers marking the opening of KFC’s 1‚000th outlet in China. Gearing KFC toward local stomachs while retaining its identity as a prestige foreign brand is a delicate balance. Yum!’s China operation offers such fare as an "Old Beijing Twister" - a wrap modeled after the way Peking
Premium Beijing KFC Pizza Hut
Colonel Harland different from Sanders perfected more than a half-century ago. Customers around the globe also enjoy more than 300 other products - from Kentucky Grilled Chicken dish in the United States to a salmon sandwich in Japan. KFC is part of Yum Brands‚ Inc.‚ the largest company in the field of restaurant business with more than 36‚000 branches worldwide. The company is ranked 239 in the Fortune 500 list‚ with revenues of more than 11 billion in 2008. History Of KFC From the 1950 KFC has marked
Premium KFC Pizza Hut Fried chicken
Fees (USA‚ Some financial rquirements vary from country to country) Total Investment: $1‚200‚000-$1‚800‚000 Initial Franchise Fee: $25‚000 Royalty Fee: 4%/ year Advertising Fee: N/A Term of Agreement: 20 years Renewal Fee: $4.9K Owned By: Yum! Brands Required to purchase multiple units/ master licenses KFC‚ Pizza Hut‚ Taco Bell‚ A&W Restaurants Multibranding encouraged when feasible Financing: Third Party Financing Only KFC Corporation 1441 Gardiner Lane Louisville‚ KY 40213Phone:
Premium Pizza Hut KFC Franchising
now doesn’t want the consumers to remember it as Kentucky Fried Chicken. Just KFC would do nicely. Thank you very much. More than a decade after they set foot in India‚ all the major MNC fast food chains such as McDonald’s‚ Yum! (which owns the KFC and Pizza Hut brands)‚ and Domino’s are fast changing their stripes and business models in India to the extent they wouldn’t have even imagined in their early days. Burdened with a name and an international legacy that’s enough to drive away a third
Premium KFC Pizza Hut Fast food
influence of globalization and localization when it comes to marketing brands. Modern business imperatives dictate that companies adopt a strategy of marketing both locally and globally if they have to compete or capture a significant portion of the market. The concept of global village means that the global market is shrinking and barriers that used to be impenetrable are breaking down allowing for businesses to market their brands out of their traditional market strongholds. The effects of this is
Premium Brand Culture Brand management
About KFC Colonel Harland Sanders‚ born September 9‚ 1890‚ actively began franchising his chicken business at the age of 65. Now‚ the KFC® business he started has grown to be one of the largest quick service food service systems in the world. And Colonel Sanders‚ a quick service restaurant pioneer‚ has become a symbol of entrepreneurial spirit. More than a billion of the Colonel’s "finger lickin’ good" chicken dinners are served annually. And not just in North America. The Colonel’s cooking is
Premium KFC Pizza Hut
KEY EXTERNAL FACTORS |WEIGHT |RATING |WEIGHTED SCORE | | |Opportunities | | | | |1. Population of children had increase. |0.05 |3 |0.15 | |2. Standard of socialization has increase. |0.20 |4 |0.80 | |3. Career opportunity.
Premium Fast food Hamburger Burger King