Raising Cane’s franchise might be the answer you seek. This franchise opportunity specializes in quality chicken finger meals. Plus, its community of great people makes investing a worthwhile franchise venture.
Raising Cane Franchise Wiki
Raising Cane’s Chicken Fingers is a fast-food restaurant chain specializing in chicken fingers, that was founded in Baton Rouge, Louisiana in 1996. The company has 432 restaurants & 27 states in the United States, plus an additional 21 restaurants in the Middle East. The chain first began expanding internationally in 2015, opening its first international restaurant in Kuwait. Currently, in total, six restaurants have opened in Kuwait, eleven in Saudi Arabia, two in Bahrain, and one each in Lebanon and the United Arab Emirates. This totals 21 international restaurants for the chain.
Raising Cane Franchise Benefits
Raising Cane’s franchise offers several benefits to its franchisees. These are meant to increase the chances of success. Benefits come by way of training and financing. Other forms of benefits include marketing, grand opening, field, and field support among others. Training is provided to franchisees to enable them to take off smoothly.
There’s hands-on training in addition to class training which can be offered wherever the franchisee feels decides.
Most times, financing covers several areas such as the franchise fee, veteran discounts among others. Although Raising Cane’s offers financing to its franchisees, it doesn’t specify what type of financing they get. You’ll have to find this by discussing it with its customer care after you’ve been contacted for further discussions.
Raising Cane Franchise Cost, Investment, Fee
Raising Cane’s has the franchise fee of up to $45,000, with total initial investment range of $768,100 to $1,937,500.
Initial Investment: $768,100 – $1,937,500
Net-worth Requirement: $90,000 to $250,000
Initial Franchise Fee: $45,000
Ad Royalty Fee: 5%
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Raising Cane Franchise Requirements
This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.
Raising Cane Franchise Franchise Agreement
Raising Cane’s franchise agreement allows franchisees to operate its franchise for an initial term limit of 20 years.
However, after this period elapses, you have the option to renew. Certain conditions may be attached to renewal terms for franchisees. The renewal term is for 10 years.
Raising Cane Franchise Profit, ROI
The fast-food restaurant chain’s average sales per unit is $3.6 million with an annual systemwide sales that tripled to $1.5 billion in just the recent years. It is important to understand that your profitability as a franchisee of Raising Cane’s is influenced by a number of factors. Commercial lease costs in your location, local product demand, labor costs, and how well you manage your operations are all factors to consider.
Some locations have more expensive lease rates than others. As a result, franchisees in areas with lower lease rates tend to spend less on a lease, making them more profitable than those in areas with higher lease rates.
Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors.
Raising Cane Franchise Average Sales / Revenue Per Year
One of the most frequently asked topics by potential franchisees is the revenue or amount of income that can be earned, which is understandable given that everyone wants to make a return on their time and money investments.
Raising Cane’s USA’s annual revenue exceeds $500 million and the company employs over 1,000 people. In recent years, the fast-casual chain’s systemwide annual sales have more than tripled to $1.5 billion with an average sales per unit of $3.6 million. This is a massive number of chicken wings being sold.
Keep in mind that revenue is not the same as profit. There are many fixed expenses that go into the operation of a restaurant. What exactly are these expenses? Among other things, they include commercial lease rates, local demand for your goods, food and labor costs. Lease rates, for example, will influence your entire profit. On top of that, larger investments should result in higher earnings too.
How To Apply For Raising Cane Franchise
You can Apply for this franchise at their official website. There you will get a form that you have to fill then company officials will contact you.
Is It Profitable To Start Franchises?
Yes, It is very much profitable to start
Is the Raising Cane’s Franchise Right For You?
For anyone interested in starting a Raising Cane’s franchise, knowing what it takes to get started is never a bad idea even though they are not selling new licenses as of this moment. If Raising Cane’s permits new franchisees to join the industry, it could be a fantastic opportunity since they have the potential to be a big success in the United States and around the world.
It’s important to choose a license with a company that will work with you to achieve success. Doing your homework could mean the difference between your franchise’s success and failure.
The Raising cane’s franchise is a rapidly growing franchise opportunity with ambitious global expansion plans. Does it hold significant potentials for investors? The answer is yes!
Although the food franchise is temporarily holding off on local franchising, you are assured that this won’t last long.
A hint is provided in its advice for prospective franchisees to contact it for suitable franchise locations. So, you can go right ahead if you think it fits your investment needs. Also, ensure you meet its franchising criteria too! This is very crucial to the process of owning this franchise opportunity.