Chick-fil-A specializes in chicken sandwiches. With excellent customer satisfaction scores and rave reviews, it has gained a reputation as the best fast-food restaurant for six straight years on the American Customer Satisfaction Index.
Despite this, Chick-fil-A is not listed on the stock exchange and has no intentions to go public anytime soon; Truett Cathy, the creator of Chick-fil-A, desired total control of his business.
Chick-fil-A was created by Cathy in Hapeville, Georgia, in May 1946. The restaurant began in Cathy’s restaurant, the Dwarf Grill, now known as the Dwarf House.After learning that a pressure-fryer could swiftly cook a chicken sandwich, he registered the name Chick-fil-A Inc. in 1961.
Chick-fil-A chooses the location, buys the real estate, builds the restaurant, and buys the equipment. Given that you can’t truly own the franchise, you’re wondering why anyone would consider buying a Chick-fil-A franchise.
Cost is probably the primary reason; All you need to pay is a $10,000 franchise fee while a McDonald’s restaurant will cost an extra $1 million to open, and a Culver’s restaurant would cost over $4 million to open.
If you’re thinking of opening a Chick-fil-A restaurant merely as an investment or as a way to transfer to something else further down the line, the company isn’t interested in letting you run one of its locations.
According to the company’s website, a Chick-fil-A franchise opportunity necessitates that the individual is free of any other current business operations and operates the restaurant on a full-time, hands-on basis.