KFC US LLC vs Binghamton Hots Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of KFC US LLC vs Binghamton Hots including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
KFC US LLC Franchise
Binghamton Hots Franchise
Investment $1,008,550 - $2,771,500$122,850 - $213,450
Franchise Fee $45,000$25,000
Royalty Fee 4-5%5%
Advertising Fee 5%2%
Year Founded 1930-
Year Franchised 1952-
Term Of Agreement 20 years10 years +5+5
Term Of Agreement 20 years10 years +5+5
Renewal Fee $4.9K-


Business Experience Requirements
 
KFC US LLC Franchise
Binghamton Hots Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
    		• Some familiarity with restaurant operations is helpful, but it’s not required to be part of the Binghamton HOTS casual restaurant franchise program. We do look for people who will be dedicated to their restaurant operations, and who have solid business and people management experience. The ability to build a strong operations team and potentially open and operate multiple units are also important factors we evaluate.

    Financing Options
     
    KFC US LLC Franchise
    Binghamton Hots Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesNo/-
    Start-up Costs No/YesNo/-
    Equipment No/YesNo/-
    Inventory No/YesNo/-
    Receivables No/YesNo/-
    Payroll No/YesNo/-

    Training & Support
     
    KFC US LLC Franchise
    Binghamton Hots Franchise
    Training On-The-Job Training: 6 weeks Classroom Training: 2 days Classroom (up to 16 hours) On-the-job (up to 60 hours) sessions
    Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform We will send a representative to assist you and your team on-site around the time of your Grand Opening. We will present you with a copy of our confidential operations manual to help you run your casual restaurant franchise properly on a day-to-day basis.
    Marketing National Media Social media SEO -
    Operations Franchisees required to buy multiple units/master licenses

    Absentee ownership of franchise is NOT allowed.

    		-

    Expansion Plans
     
    KFC US LLC Franchise
    Binghamton Hots Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About KFC US LLC

    His recipe is still a secret, but more than 2 billion of Colonel Harland Sanders' 'finger lickin' good' chicken dinners are served annually in more than 82 countries around the world. Nearly 50 years ago, Colonel Sanders set out to sell complete meals to time-strapped families, calling his home meal replacements 'Sunday Dinner, Seven Days a Week.' Acquired by PepsiCo in 1986, KFC is now a part of Yum! Brands Inc., which includes A&W, Long John Silver's, Taco Bell and Pizza Hut.

    The total investment necessary to begin operation of a newly constructed KFC outlet ranges from $1,442,600 to $2,771,550. This includes $45,000 to $50,000 that must be paid to KFCLLC or its affiliates.
    The total investment necessary to begin operation of a reopened or remodeled former KFC outlet, or converted KFC outlet ranges from $1,008,600 to $2,221,550. This includes $45,000 to $50,000 that must be paid to KFCLLC or its affiliates.
    KFCLLC also offers multi-unit development opportunities. The total investment necessary to begin exercising development rights is estimated to be $135,000 to $540,000 (based on the expectation that you will develop 3 to 12 outlets during the term of the development agreement), determined by multiplying the number of new outlets you agree to develop by $45,000, all of which must be paid to KFCLLC.
    The total investment necessary to begin operation of a KFC non-traditional outlet ranges from $241,100 to $996,000. This includes $12,100 to $17,100 that must be paid to the licensor or its affiliates.

    "Top   ""    "Entrepreneur

    #13 in Canada's Top franchises.
                              
    "franchiserankingscom"
    #26 on Franchise Rankings.com
    #24 in Franchise 500 for 2020.
    #25 in Franchise 500 for 2021.








    About Binghamton Hots

    Everyone, from college kids and downtown residents to families and workers from local businesses, comes in to Binghamton HOTS for food and fun, throughout the day and night.

    You can create your own local a destination that appeals to today’s consumers, including Millennials, who want creative menu options loaded with convenience.
    • You can build business with flexible service options across multiple dayparts - from lunch to dinner to late night - and even offer carry-out, delivery, and catering options, too.
    • You can be part of the immense restaurant industry, where demand for customization, convenience and flavor have quick service and fast-casual sales on a continual upward growth trend.
    Best of all, you can operate your local HOTS spot with confidence, with our full support at every stage of your restaurant’s operations.