Benefits of investing in an emerging brand include the ability to grow with a brand and greater access to the franchisor. A concept to look deep into is The Red Chickz franchise. The Califorinia-based brand specializes in authentic Nashville hot chicken. It was established in 2018 and began franchising in 2021. Since then, The Red Chickz has grown to multiple franchise locations and is looking for passionate franchise partners who value customer service. Customers enjoy the brand's fun, bold branding and great food. No only do franchisees benefit from a proven system, but they are part of the booming fast-causal restaurant industry, which is expected to reach $200 billion by 2027.
Since you will be provided with support and training, you don't need need prior business owners. In terms of support and training, you can expect an initial three-week training program that is broken down into classroom and on-the-job instruction. This program covers everything from food prep, marketing and advertising, hiring, and more. You'll also be provided with site selection and grand opening assistance. Support and training are ongoing. The all-in investment ranges between $363,500 - $821,400, which includes a one-time initial franchisee fee of $40,000. There is a 20% discount on additional units. The chicken franchise doesn't provide direct financing to franchise owners, but it may refer to financing sources on a case by case basis. The Red Chickz franchise owners will be required to spend a minimum of $10,000 on the grand opening. They will also contribute 1% of gross sales into the system marketing fund, and 1%, or $1,000, on local marketing.