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The Surprisingly Affordable Golden Chick Franchise

Golden chick franchise
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The concept of a quick service restaurant Golden Chick franchise is an emerging fast-food restaurant that serves chicken, salads, sides, and other items in a variety of locations with distinctive and memorable building styles. Golden Chick franchisees will benefit from the company’s many years of experience in the QSR industry as well as a working system that will propel your success in the food industry.

Aside from the golden chicken meals, the company offers its guests a beautiful, friendly, and fun-filled atmosphere. Quality services, a great menu, and a pleasant atmosphere make customers want to return to Golden Chick again and again. The company not only serves delicious menus to customers, but they also educate them about different menus and provide dining options, as well as opens the door for franchise owners to serve customers tasty chicken with various flexible options such as dine-in, drive-thru, delivery, and take-out. So, if you are considering such a chicken franchise, take a look at the basic information provided below.

Golden chick franchise

What is the Golden Chick franchise?

The company began in 1967 as Golden Fried Chicken in San Marcos, Texas. In 1996, the company’s name was changed from golden fried chicken to golden chick, and the menu was expanded to include golden roasted chicken. The golden chick has a great reputation, a unique and memorable building, and an unbeatable menu after being in the industry for 50 years. This distinct business style allows them to distinguish themselves from competitors, build a customer base, and achieve high brand recognition. While serving such delicious chicken, the company believes its franchise owner will lead the community. 

The time-tested business model enables qualified owners to transition into an exciting new business career. Veterans looking for a new career opportunity, business-minded individuals, or corporate employees looking to transition from a 9 to 5 job to a business are the ideal candidates for the franchise. The company offers quality marketing and operational support to franchise owners. They also provide excellent training to their new franchise owners. The company’s loyal customer base will benefit the owners. In addition, the company offers a multi-unit franchise ownership opportunity. 

Golden Chick franchise opportunity 

The QSR concept is rapidly expanding in the market. In this regard, the chicken chick could be a good future business option. After being founded in 1967, the company began offering franchising in 1972, and the franchise unit has grown to over 200 across the United States. People prefer franchising for a variety of reasons. Golden Chick with exceptional franchisee support, the company builds a loyal following and customer base for its franchise. 

In addition, the company offers bulk-purchasing discounts as well as assistance with training, marketing, and operations. Their operational system was designed to maximise efficiency. The Golden Chick offers such an opportunity at a lower royalty than other restaurants in the same category. So, if you want to serve great food with a QSR concept in this burgeoning industry, the golden chick could be the best choice for you.

Golden Chick Franchise Information

Golden Chick Franchise Information
Industry TypeFood and Beverages
Sub CategoryFried Chicken and Sides
Year Established1967
Company NameGolden Southern Chicken Corp. 
Founder/Management HeadJim Stevens, President
Franchising Started1972
Employees at Company H.O35 
Franchise Expansion PlanUnited States
Number of UnitsMore than 250 
Number of Franchise Units205 (as of 2021)
Social Media HandlesFacebook
Twitter
Instagram
Company Office locationat 1131 Rockingham, #250Richardson, TX 75080

Golden Chick Franchise Requirements

The golden chick company believes in assisting people who want to have such a business with flexibility and the ability to show their creativity but have been rejected by competitors. There is no requirement for prior experience to own a Golden Chick franchise; the company believes that prior experience will simply help to sort things out more easily. 

The company provides adequate guidance for running a successful business. All you need is a customer-friendly business attitude, a desire to work hard for the business, and a commitment to following the golden chicks’ franchise business model.

Rather than requiring a minimum net worth, the company considers candidates’ circumstances, draws on their resources, and focuses on franchisees’ business success.

Golden chick franchise

How much does a Golden Chick franchise cost

The golden chick franchise costs at least $900,000. The initial franchise investment for the company’s franchise will range between $918,000 and $1438,000. The required minimum capital is $150,000. 

The Golden Chick franchise fee is $30,000, with an additional fee of $20,000 for each additional franchise. The franchise royalty fee is 4% of gross sales, and the ad royalty fee is 3% of gross sales. Veterans will receive a 33.33% franchise fee waiver.

Golden Chick Initial and On-going Franchise Cost
Golden Chick Franchise Fee$ 30,000
Golden Chick Franchise Cost$918,000 – $1,438,000
Royalty Fee4%
Advertising Fee3%
Term of Agreement20 years
Is franchise term renewable?Yes,
Renewable Franchise Fees50% of Initial Franchise fees

Golden Chick franchise Training

The golden chick company offers extensive training and support to franchise owners. The initial training will include 160 hours of on-the-job training as well as 27-28 hours of classroom instruction. Where they will teach you about store operations and guide you in finding an efficient team to manage the store’s daily operations. 

Golden Chick team will also help you with site selection and building construction. The golden chick will introduce you to suppliers who will assist you in constructing a location, securing equipment, signage, and small wares, and preparing you for a successful restaurant opening.

Golden Chick Operations & franchise support

Franchise Advisory Committee – gives franchisees a voice on important issues. National volume purchasing program to ensure great food and packaging pricing without a franchisor markup, Field support – District Directors or Franchise Manager will visit franchisees to discuss and solve problems related to costs, quality assurance, and other opportunities to ensure maximum profitability and growth. A list of approved equipment vendors with a successful track record, Marketing materials and programs that are effective, and Implementing marketing campaigns to raise awareness of each of your new locations.

Franchise operational systems that are optimised for efficiency with the right franchise operations manual. Furthermore, the franchise owners will receive excellent marketing materials. District Directors will also make visits to discuss and assist in the resolution of issues concerning costs, quality assurance, and other opportunities. Profitability and growth will be ensured as a result.

Golden chick franchise

What is Golden Chick Franchise Term of Agreement and Renewal?

The golden chick franchise has a 20-year initial term. If franchisees are performing as expected, they are eligible for renewal. Existing franchise owners can renew their franchise agreement for an additional 20 years.

Does Golden Chick Franchise provide Financial Assistance?

The company does not provide direct financing or franchise loans. The company franchisor cannot provide any lease or note obligation for franchisee guarantee. As long as the company has a relationship with an investor, it can provide third-party financing to cover start-up costs, inventory, equipment, payroll, and accounts receivable. 

SBA financing may be available to assist with the purchase of a franchise. You are advised on buying franchise insurance after owning the Golden Chick franchise.

Pros & Cons of Golden Chick Franchise

Pros of owning a Golden Chick franchise 

1. Assisting with the site selection process

2. Specific Business Prototype Model Plans

3. National volume purchasing program to ensure great pricing on food and packaging without markup from the franchisor

4. A list of approved equipment vendors with a proven track record

5. Golden Chick’s exclusive recipes, the chicken is always juicy and crispy.

6. Assistance with store openings and ongoing operational assistance

7. Tried-and-true marketing materials and programs

8. Franchise Advisory Committee – Gives franchisees a say on important issues.

9. Field support – Regional Directors will make site visits to discuss and assist in the resolution of problems relating to costs, quality assurance, and other issues in order to ensure maximum profitability for our Franchisees.

10. The use of the Golden Chick brand name and slogans such as “The Original and Still the Best.”

Cons of owning a Golden Chick franchise 

1. Not yet fully expanded

2. Have a comparable franchise option in a better investment.

3. A one-of-a-kind structure can cause problems for a franchise.

Golden chick franchise

How much do Golden Chick franchise owners make?

Its owners make an average of $75,000-100,000 per year. This figure varies based on the location and number of restaurants in a particular franchise.

Its profit largely depends on franchises expertise, franchise management, and support provided by the franchisor.

Golden Chick estimated franchise profit is not known as they have not disclosed it in Item 19 of the franchise disclosure document, and average unit volume franchise revenues are not disclosed at the latest.

You should meet the top management during your franchise discovery day and ask these questions to them. Alternatively, also ask the existing franchise for reviews of the Golden Chick franchise business.

Golden Chick franchise reviews

The Golden Chick franchising business is a popular and well-established restaurant business model. Franchises are a great way to get into the restaurant business, and they offer a great opportunity for business owners to enjoy a steady income while they learn and grow their businesses.

The Golden Chick franchise is a great option for business owners who are looking for a popular and well-established restaurant business model. Franchises are a great way to get into the restaurant business, and they offer a great opportunity for business owners to enjoy a steady income while they learn and grow their businesses.

The Golden Chick franchise is a great option for business owners who are looking for a popular and well managed and supported franchise business. You meet the Golden Chick existing franchise and ask for reviews.

The below video will guide you on 

How Golden Chick unveils a new prototype to allow mass expansion and lower franchisee costs

Golden Chick Fitness Franchise Rankings

1. Ranked #128 in the franchise 500 in 2022

2. Ranked #149 in the top franchise for veterans in 2021

3. Ranked sixth among top food franchises in 2022

Franchise Deck Analysis and Overview

With over 50 years of business experience and over 25 years of business experience, the company has established itself as a well-established brand with a loyal customer base and is listed in the top 500 franchises. The company invented the chicken tender. The company’s efficient store design ensures exceptional productivity. With professional experts on hand, the company provides excellent support for its franchise. 

Dedicated committees and suppliers are also available to help build a new business. The company is doing an excellent job of supporting its franchisees by charging a lower franchise fee. The company also believes in the slogan “The Original and Still the Best.” However, despite being founded in 1967, the company is lagging in some areas. So, if you want to invest in a chicken restaurant business but have no prior business experience and want to ensure your success, the golden chicken franchise may be ideal for you.

Competition Analysis of Chicken Salad Chick Franchise
BrandCost to FranchiseFranchisee FeesRoyalty + Ad feesExpected ProfitRecoup of CapitalFD Rating
Chicken Salad Chick Franchise$742,300-$980,300$ 50,0005%+3%$166,6634.5 to 5.8 years3.3/5.0
Golden Chicken Franchise$918,000 – $1,438,000$ 30,0004%+3%Not disclosed In FDDNot disclosed In FDD3.7/5.0
Raising Cane’s Franchise$768,100 – $1,937,500$45,0005%+4%$628,8353.5 to 5years3.7/5.0
Pluckers Franchise $70,000 – $225,000$ 25,0002-3% +  1-2%Not disclosed In FDDNot disclosed In FDD3.0/5.0
Chicken Guy Franchise $622,500 – $1,288,000$ 20,0006%+4%Not disclosed In FDDNot disclosed In FDD3.3/5.0
Halal Guy Franchise $370,150 – $1,317,550$ 60,0006%+2%$60,000 to $80,0005 to 9 Years3.2/5.0

The Franchise Deck rating for the Golden chick franchise is 3.7/5.0.

Conclusion 

The golden chick franchise is simply a more affordable alternative to major competitors such as KFC, Chick-fil-a, and others. The company ensures the success of its franchises by providing extensive training and support. With the growing demand in the QSR industry, the company anticipates a significant increase in the near future. So, all I can say is that the golden chick is a great future opportunity for people who want to start a chicken business but have a limited budget and no prior business experience.

Entrepreneurs who want to open a franchise in chicken and related franchise opportunities can look at 

  1. Pluckers Franchise 
  2. Raising Cane’s Franchise
  3. Chicken Salad Chick Franchise
  4. Dave’s Hot Chicken Franchise 
  5. Chicken Guy franchise 
  6. Halal Guy Franchise

Synopsis of this article All About Golden chick franchise.

Frequently Asked Questions (FAQs)

  1. Is the Golden Chick franchise profitable?

Yes, the Golden Chick franchise can be profitable. The Golden Chick franchise is a popular chicken restaurant chain. The Golden Chick is most well-known for its chicken wrap sandwiches. The franchisor is profitable, with an estimated net worth of $120 million. The Golden Chick franchise was founded in 1984 by brothers Rick and Randy Thornton.

  1. Can you make money owning a Golden Chick?

Yes, you can make money by owning a Golden Chick. There is no doubt that starting and owning a Golden Chick can be a lucrative business. In fact, according to a study by Forbes, Golden Chick is one of the most profitable quick-service chicken restaurants in the United States.

The secret to the restaurant’s success? It focuses on providing quality food at an affordable price. Plus, its location – in busy shopping areas and near major attractions – helps draw in customers.

Owning a Golden Chick isn’t for everyone, of course. You need to be able to work hard and be able to handle the responsibility of running a business.

  1. Is a Golden Chick a franchise?

Yes, the golden chick is an active franchise. A golden chick is a franchised fast food restaurant. The first golden chick restaurant was founded in 1984 in Columbus, Ohio. Today, there are over 1,000 golden chick restaurants across the United States and Canada.

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