Slim Chickens Franchise Cost For Sale Profit Price
Jun 16, 2020
Slim Chickens is a fast-food franchise chain specializing in fresh, handcrafted chicken breasts and wings in various flavors. The menu offers delicious favorites including chicken tenders, buffalo wings, sandwiches, wraps, salads, and sides. What distinguishes Slim Chicken from other fast food franchises is their emphasis on using only the freshest, highest-quality products and providing attentive customer care. They make an effort to create a cuisine that accommodates a variety of dietary needs and preferences as well as to give clients access to a tidy and friendly environment. Slim Chickens franchise has grown to be a well-liked option for people searching for a quick, delectable chicken supper, with locations all throughout the United States and beyond. They are now a strong competitor in the fast food sector thanks to their dedication to quality, freshness, and customer service. As per statistics, the fast-casual restaurant franchises market size is $189.7 billion in the United States in 2022 with a cumulative market growth for 2018 to 2023 anticipated at 11.5%.
How much does a Slim Chickens franchise cost
The cost of a Slim Chickens franchise can change depending on a number of elements, including location, restaurant size, and other fees. The anticipated total expenditure needed to create a Slim Chickens franchise, according to the business website, is between $1,307,000 and $4,052,000. Included in this are other costs like equipment, merchandise, real estate, and additional connected fees, in addition to the initial $15,000 franchise fee.
How much is Slim Chicken cost in the United States?
To open a Slim Chicken franchise in the United States, you need to have $1,307,000 to $4,052,000 as an initial investment and $15,000 as a franchise fee.
How much is Slim Chickens cost in the United Kingdom?
The Slim Chickens franchise cost in the UK is 1 million to 3.5 million Pounds.
Slim Chicken Franchise Price and Cost
Slim Chickens Franchise Fee
Slim Chickens Franchise Cost
$1,307,000 – $4,052,000
Term of Agreement
Is franchise term renewable?
How much do Slim Chicken franchise owners make?
The income potential of a Slim Chickens franchise owner can vary significantly depending on a variety of variables, including location, local competition, cost of living, and management effectiveness. The average yearly gross income of Slim Chickens restaurants, as reported in the company’s 2021 franchise disclosure statement, is $2.2 million, with the top 25% of franchise sites generating more than $2.7 million.
What is Slim Chicken franchise profit?
I will estimate the Slim Chickens franchise profit and years to recoup the investment (ROI).
Estimated Annual Profit (12.5%)
Estimated Annual Profit (15%)
Estimated Annual Profit (18%)
Recoup mid-point$ 2,679,500
The estimated Slim Chicken franchise profit is in the range of $483,064 to $695,612 and it will take 3.8 to 5.5 years to recoup the investment. According to industry standards, getting a return on the franchise investment will not take a very long time.
Slim Chickens Franchise Requirements
You must have a net worth of at least $1.2 million and at least $4,052,000 in cash.
Experience in hotel or business management is preferred.
A suitable location for your Slim Chickens franchise must be found and secured.
You are required to finish an initial training program and continuous training for the duration of the franchise agreement.
A $15,000 initial franchise fee and an annual 5% royalty of gross sales are required for each restaurant.
Background checks must be successful, and you must have a spotless financial and legal history.
What are Slim Chicken franchise reviews?
Undoubtedly, Slim Chickens’ popularity is growing quickly. The brand has established itself as well as the potential for fast-casual, better chicken in the UK market with six shops now in operation, a seventh set to open in February 2023, and more to follow.Slims is excited to start talking to the right partners about intriguing multi-unit opportunities since it realizes the potential for speeding up the brand’s expansion. Slim Chickens provides a unique brand in a dynamic market, appealing unit-level economics, a first-rate support network, efficient operations, and an unmatched training program.
Slim Chicken Franchise Rankings
Slim Chicken has been ranked 115 in the top 500 franchise ranking. In 2022, it was ranked 119 in top global franchises and 138 in fastest growing franchises. It has also been positioned at 8 of the top food franchises in 2022.
What is the Slim Chicken?
Known for its chicken-centric menu, Slim Chickens is a fast-casual restaurant chain. In 2003, Tom Gordon and Greg Smart established the business in Fayetteville, Arkansas.Because of its fresh, hand-fried chicken tenders, wings, and sandwiches, the original Slim Chickens rapidly gained a following among residents. The brand’s founders started to grow after immediately realizing they had a successful idea.Today, Slim Chickens has more than 100 domestic stores and foreign operations in Kuwait, the United Kingdom, and the United Arab Emirates. Additionally, a variety of sides, salads, and desserts have been added to the menu.Slim Chickens is renowned for its well-liked food and for using local, fresh products whenever possible.
Is Slim Chickens a Franchise Opportunity?
Slim Chicken does offer franchise opportunities. The fast-casual restaurant chain is known for its chicken wings and tenders. The business was founded in 2003, and franchise operations commenced in 2008. With outlets in the UK, Kuwait, and Malaysia among other nations, the restaurant now has more than 100 sites throughout the US.
Facts That Nobody Told You About Slim Chicken
Greg Smart and Tom Gordon started Slim Chickens in 2003 in Fayetteville, Arkansas.
Originally serving college students, Slim Chickens’ first location was across from the University of Arkansas campus.
There are already more than 100 Slim Chickens sites in the US, the UK, and Kuwait, and there are plans to open shop in more nations.
A range of chicken dishes, including tenders, wings, sandwiches, wraps, and salads, are available on the restaurant’s menu.
Slim Chickens is renowned for its kind service and “Southern hospitality”.
Chicken at the restaurant is made to order with organic, fresh ingredients.
There are several sauces available at Slim Chickens, including their famous Slim Sauce, a tasty, mildly spicy dip.
An initial training program at one of Slim Chicken’s authorized training facilities is what you can anticipate as a franchise owner. Including marketing and advertising, marketing and advertising, and grand opening training, you will learn everything you need to know about operating the firm efficiently. Support and instruction are ongoing.
Slim Chicken Operations to Franchise
If you only sign a franchise agreement, the period of time between the signing of the agreement and the opening of the restaurant should be no more than 12 months and no more than 9 months if you only sign a franchise agreement. The projected period between the first payment of any franchise consideration and the opening of the restaurant should still be around 9 months, and it shouldn’t be more than 12 months if you sign a development agreement. The ability to get a deed or lease, finance or building permissions, zoning and municipal rules, weather, shortages, and delayed installation of equipment, fixtures, and signs are some of the elements that affect this period.
How is Slim Chicken Territory Granted to Franchise
You are granted permission under the terms of the franchise agreement to run one restaurant in the approved location listed there. Without our express prior written consent, any use of the Marks or any component of the Slim Chickens System in the operation of a business at any other location or through any other channel of distribution will constitute a willful violation of our rights in the Marks and the Slim Chickens System.Your franchise agreement gives you the following rights: (i) the ability to run your restaurant using the Marks and Slim Chickens system; and (ii) the ability to offer catering in the designated area that is listed there.
What is the Franchise Term of Agreement and Renewal?
The first term that Slim Chicken provides its franchisors is between 10 and 15 years, and it is renewable. Franchise fees are charged at a renewal rate of 25%.
Does Slim Chicken provide Financial Assistance to Franchises?
Slim Chickens has connections with outside sources that provide funding for the following things: startup expenditures, inventory, equipment, accounts receivable, and payroll.
Pros & Cons of Owning a Slim Chickens Franchise
Pros of owning a Slim Chicken Franchise
In the quick casual food sector, Slim Chickens is a well-known and renowned brand that can help draw customers and boost revenue.
You can utilize a tried-and-true business strategy as a franchisee that has worked in other markets.
Franchisees of Slim Chickens receive thorough training and continuing assistance, as well as access to a knowledgeable network of other franchisees for operational and marketing needs.
Slim Chickens has the potential to benefit from the expanding fast-casual dining market.
Cons of Owning a Slim Chicken Franchise
A sizable initial investment is necessary to launch any business, and Slim Chickens is no exception. Depending on the location and size of the restaurant, the total cost of opening a Slim Chickens franchise might range from $1.1 million to $2.3 million.
Franchisees must pay recurring fees to Slim Chickens in addition to their initial investment, such as royalties, marketing costs, and other costs.
In the highly competitive fast casual dining market, Slim Chickens will compete against established businesses and growing startups.
Like any restaurant, Slim Chickens franchisees can face high labor costs, particularly in areas with high minimum wage rates.
Is the Slim Chicken Franchise Profit Worth the Cost?
In contrast to many other franchises, a relationship with Slim Chickens offers the chance to select ideal sites for multi-unit development and the assurance of teaming up with an enthusiastic and motivated HQ leadership team with the capacity to provide an unmatched franchisee support system. Hence it is definitely worth the franchise cost.
Slim Chickens Franchise Success and Failure Rate
The below table will highlight the Slim Chicken franchise success and failure rate for the last 3 years. This will supplement your decision-making process.
The Franchise Deck rating for the Slim Chicken franchise is 3.9/5.0.
Conclusion: Will You Buy Slim Chickens franchise for sale?
In general, business owners seeking to enter the fast-casual restaurant sector may discover that investing in a Slim Chickens franchise is a great decision because it offers its franchisees comprehensive training and support to assure their success. The business has a well-established brand, emphasizes sustainability and premium products, and uses a tried-and-true business model.But as with any franchise opportunity, it’s important to carefully consider the risks and potential disadvantages, including the initial fees and ongoing costs, the level of competition, the operational challenges, the limitations on the range of available geographies, and the brand’s reputation.Entrepreneurs who want to open a franchise in the category fast-casual restaurant franchise opportunities categories can look at
Yes, owning a Slim Chicken franchise is profitable. These restaurants, however, have a high startup cost, so it will take some time before investors see a return on their investment and begin to produce a profit.
Can you make money owning a Slim Chicken?
Surely, you can make money owning a Slim Chicken Franchise.
Is Slim Chicken a franchise?
Yes, Slim Chicken is a franchise opportunity for you as the company started franchising in the year 2011.
How much is a Slim Chicken franchise?
To open a Slim Chicken franchise in the United Kingdom and the United States, you need to have $1,307,000 to $4,052,000 as an initial investment and $15,000 as a franchise fee.
How do Slim Chicken franchises make money?
Slim Chicken franchisees generate revenue by offering customers fresh, handcrafted chicken breasts and wings in various flavors.