Slim Chicken Franchise Cost, Profit, How to Apply, Requirement, Investment, Review | SkillsAndTech

Have you ever wanted to own your own business? Be your own boss? Are you looking for a franchise in USA? Then this franchise is right for you. To know about how you can get this franchise in the following paragraph. You can know about the cost and profit you can make through this franchise. You can even learn about the requirements that are needed for this franchise.

Slim Chicken Franchise Wiki

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Our mission was (and is) simple, to make the best hand-breaded chicken tenders using only the freshest ingredients, served in a friendly atmosphere where people can relax and feel at home.

We use the best cut you can get for our tenders. From the outset, 100% all-natural premium tenders have been the building block for our entire menu. Our time-tested recipe has become a household favorite, locking in flavor with our southern-style buttermilk marinade, and lightly breaded by hand with every order.

Joining the Slim Chickens team in October of 2013. Sam Rothschild is a knowledgeable restaurant professional who has achieved superior results within company and franchise-owned locations around the world.

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A Johnson and Wales culinary graduate, he embarked on his career by owning his own restaurants in his early twenties before hitting his growth spurt into the big brand arena with Metromedia Group.

He spent 13 years with Bennigan’s as the Regional Vice President was then promoted to VP of International Operations. From there, Rothschild went on to become the Senior Vice President at Applebee’s and Dine Equity heading up the operations and franchise development teams managing over 500 corporate and 1500 franchise locations.

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He eventually, left Dine to partner with Tom and Greg to help mature and cultivate the Slim Chickens brand. Furthermore, Rothschild has had a hand in pioneering the franchise opportunity and its unique and advanced systems that continue to surpass record barriers.

Slim Chicken Franchise Benefits

Slim Chickens is more than a quick meal. Guests can always expect fresh, hand-breaded chicken tenders and wings cooked to order and served with house dipping sauces.

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With more than 130 locations and a fanatical following in the U.S. and internationally, the eternally cool brand is an emerging national franchise leading the “better chicken” segment and intends to grow nationally with a footprint of 600 restaurants over the next decade.

Slim Chicken Franchise Financial Assistance

• Accounting Systems Integration
• Financial Templates
• P&L Reviews
• Franchise Back Office Support
• Strong Vendor Partners

Slim Chicken Franchise Cost/ Investment / Price / Fee

Type of Expenditure	Amount
Initial Franchise Fee	$20,000

Royalty Fee

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Slim Chickens Royalty Fee is 5% of all Gross Sales that the restaurant makes per month/year. For paying it, the franchisee gets franchisor assistance regarding all business aspects during the whole duration of the franchise agreement.

Ad Royalty Fees

The franchises must contribute 3% of gross revenue every month for the marketing campaigns that this franchisor launch on the national and local level.

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Slim Chicken Franchise Requirements

Owner participation in business requirement

The franchise owner must be actively and personally involved in the business regularly. However, that doesn’t mean that franchisee will need to be all the time on work; the restaurant can be under the on-premises supervision of an employee who is acting as a full-time Supervisor.

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Spousal Liability Requirement

The investors and its spouse must sign a document that makes them liable for all financial obligations under the franchise agreement, even if the spouse doesn’t have any ownership interest in the franchise. 

You, as an investor, must be aware that this requirement will put your and your spouse’s marital and personal assets at risk if the franchise fails. So it is necessary to determine if this business is worth all the risk involved.

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Inventory and supplies requirements

This franchisor has Sysco as its primary approved distributor for supplies and other products; In practice, it means that you as a franchisee will be obligated to purchase necessary work material from this company or from other companies that the franchisor has approved in advance.

Also, this franchisor deals with certain brands in the beverage industry, and all Slim Chickens franchises must offer and sell soft drink products manufactured by Coca-Cola and Dr. Pepper Snapple Group. 

Slim Chicken’s Franchisee Training

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The Slim Chickens’ initial franchisee training program consisted of the so-called “Franchisee Ownership Training” and “Unit Operation Training last approximately 280 hours and is conducted in-store and classroom.

Franchisee Ownership Training Program:

• CLASSROOM= 12 hours
• IN-STORE / FIELD = 20 hours

Unit Operation Training Program:

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• CLASSROOM = 15 hours
• IN-STORE / FIELD = 231 hours

There is no fee associated with the initial training of the owner, supervisor, or manager, which means it is free of charge for investors!

However, new franchisees will need to finance all travel and living expenses of participants; the initial training usually lasts up to 6 weeks, and it takes part in the franchisor headquarters in Fayetteville, Arkansas.

We must mention that this franchisor also provides an opening training team that visits new Restaurants for a minimum of 14 business days during the pre-and post-opening period. 

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The opening training team consists of experienced business people who help new owners with all tasks that starting a restaurant business demands.

Slim Chicken Franchise Profit

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.

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Average Gross Revenue Per Year

On average Slim Chickens franchises make $2,366,491 in gross sales per year; the median gross sales these restaurants deliver is $1,787,386 per restaurant per location.

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It is good to know that in 2021, the highest-earning franchised restaurant location made $5,764,715, and the lowest-earning restaurant made $1,145,623 in gross sales for that year.

From this data, we can conclude that these franchises are one of the highest earning in the food industry if we look only at the numbers that are related to gross sales level!

Slim Chicken’s Franchise Profit Margin 

Slims Chickens franchise owners can expect their franchised restaurant to deliver 7% of the profit margin from all gross sales generated from selling food and beverage products.

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These restaurants sell chicken tenders, chicken wings, salads, sandwiches, wraps, and a wide variety of hot and cold beverages. All these products deliver a good margin, but that doesn’t mean that owner can expect to make a huge profit on them!

The franchisor’s royalties will take 8% of the gross sales level, which will be reflected in the franchise owner’s profit. Our estimation of about 7% of profit margin is pretty accurate if we consider that monthly operating costs are really high.

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Potential franchisees must be aware that this restaurant operates in huge real estate, plus there are payroll and food supply-related expenses which all add operating costs of this franchised business.

How to Apply For Slim Chicken Franchise 

To get the franchise first you have to fill the form. Then the company officials will contact you for further details. After that you you can open this franchise.

Apply Here

Slim Chicken Franchise Contact details

Website

Slim Chickens – Tenders, Wings and More

Slim Chicken Franchise FAQ

Is it Profitable to Own Slim Chicken’s Franchise?

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Yes, it is profitable to own the Slim Chicken franchise. However, these restaurants have a substantial initial cost which means that it will pass a few years until investors return their investment and start to make a profit.

The expected ROI (Return Of Investment) time is ten years for this investment, and investors must be aware of this. However, the ROI time is pretty similar if we compare it with other high-cost franchises, so this can’t be considered a disadvantage of this system.

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The owner can expect to make sufficient gross sales per month, from which it will cover the operating cost and associated loan expenses and make a good salary per month.

Is a Franchise?

Yes, a franchise.

How Much Is Slim Chicken’s Franchise Agreement Duration

The Slim Chicken franchise has an initial term of 10 years; after that time passes franchisee is obligated to pay a renewal fee to continue using this brand trademark in the restaurant.

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Renewal Fee that this franchisor charge is currently 25% off the cost of the Initial Fee; $7,500

How to Terminate Franchise Agreement 

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If the restaurant has negative EBITDA, it is possible to terminate the franchise agreement without any penalties. In other cisrcustames, the franchisee must pay specific compensation to terminate this contract.

How Much is Slim Chicken’s Franchise Owner Salary

The Slim Chickens franchise owner who is operating a location that makes average gross sales(approximately $2.4M) that this franchising system has can expect to make $168,000 of salary per year.

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However, that doesn’t mean that investors who launch this restaurant business can expect to make this amount of salary immediately after opening!

Usually, it is necessary to pass 2+ years to establish and promote a business in a particular area to make a high sales level!

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In the first year after opening, it is expected that the Slim Chickens franchise owner will make approximately $50,000 salary, since these restaurants, on average, make roughly $700,000 in the first year of business.

 How much does a Slim Chickens Franchise owner make?

To calculate how much income a franchise owner can do at Slim Chickens Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low.

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As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.

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Conclusion

We have summarized all the essential facts about Slim Chickens’ initial starting cost and profit potential that a franchisee can expect once a business opens its door. 

Is this a good business opportunity? It depends on every investor individually; we only suggest that every potential franchisee must do their due diligence properly. The best practice is to contact existing franchisees and ask them a few questions!

Disclaimer: The information given in this article like investment may vary from place to place, so we are not sure about the investment part and other parts also.

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