Are you looking for renowned fast food quick service restaurant in your city? Do you own a local fast food outlet but still searching for an opportunity with famous food chain? Indeed you have arrived at the best available location, where we will be covering a popular food chain – Golden Chick Franchise.
We have brought in another interesting and popular food chain – Golden Chick Chain, which can help you to start your entrepreneurial journey with an Initial investment of $440,950 – $1,348,500(depends on model).
Yes, you correctly read it. We will cover an in-depth article on starting a Golden Chick location in your city with its capital required, cost, profit, and step-by-step guidelines to get this franchise – and answer some common questions about the chain.
We assure you that, after reading this complete article, you would be in a position to choose the BEST AVAILABLE FOOD FRANCHISE, and certainly help you take an informed decision on the Golden Chick.
- Brand: Golden Chick
- Founded: 1967
- Key People: Mark Parmerlee
- Industry: Fast-food restaurants
- No. of outlet: 200+
- Area served: US
- Franchise Fee: $30,000
- Royalty Fee: 4%
- Ad Royalty Fee: 3%
- Initial Investment: $440,950 – $1,348,500
Table of Contents
Overview of Golden Chick Franchise
Golden Chick, previously known as Golden Fried Chicken was established in 1967 in San Marcos, TX is one of the most popular, well-established, and fastest-growing fast food chains that predominately known for offering delicious chicken, fresh salads and multiple side dishes.
With over 50 years of experience in the fast food industry, affordable menus, variety of unique recipes, the chain has built a reputation of established brand that helped them acquire a significant share in this industry.
Currently, the chain boasts over 200 outlets across several cities, such as Texas, Oklahoma, Louisiana, Florida, South Carolina, and Georgia in the US.
Despite its consistent and full-fledged growth, Golden Chick remains committed to its root, and also prides itself on offering quality food and exceptional customer services.
Their outlets can be a great choice for delicious & satisfying fried chicken, whether you’re searching for a quick meal or feeding the whole family.
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Golden Chick – The Journey
Their humble beginning started with a single outlet in 1967 to quickly adapting franchising concept in 1972 by opening its first franchised location in San Antonio, Golden Chick has never looked back. At present, they successfully operates over 200+ locations countrywide.
Key Facts on Golden Chick
| Sr No. | Type | Private |
| 1 | Trade Name | Golden Chick |
| 2 | Industry | Food & Beverages |
| 3 | Founded | 1967 |
| 4 | Founders Or Parent Company | Parent – Golden Southern LLC |
| 5 | Corporate Headquarters | Richardson, TX |
| 6 | Number of locations | 200 Outlets |
| 7 | Area served | Open for US |
| 8 | Model | Franchise |
| 9 | Menu offering | Chicken sandwiches, salads, desserts, and beverages |
| 10 | Revenue | US $155.4 Million |
| 11 | Website | https://goldenchick.com/ |
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How much does a Golden Chick Franchise Cost?
The franchise fee or Total Initial setup cost for the Golden Chick chain will depend on the proposed geographical locations and chosen franchise model. Nonetheless, To start a Golden Chick franchise, one would at least require an initial investment of $440,950 – $1,348,500 and may be a dedicated floor area of min 1500 square feet to set up a brick-and-mortar retail space.
Additionally, The above-mentioned initial investment for Golden Chick business does cover the expenses or fees such as Franchise fees, Marketing Fees, Equipment, and other necessary fees.
Golden Chick Franchise Fee
The franchise fee for Golden Chick is $30,000. Furthermore, the chain also offers an 33.33% incentive or discount for veterans, that means it would just cost $10,000 as a franchise fee.
Additional Cost for Golden Chick
Typically, to run and maintain a Golden Chick location, one must adhere to their standards and are liable to pay a few additional costs such as Royalty fee, advertisement fee, maintenance fee, and a few other investments.
The on-going royalty fee for Golden chick Franchise is 4% and ad royalty fee is 3% of the monthly gross sales.
| Type of Fee | Cost & Other details |
|---|---|
| Franchise Fee | $30,000 |
| Royalty Fee | 4% |
| Ad Royalty Fee | 3% |
| Veteran Incentive | 33.33% of Franchise fee |
| FREESTANDING, GROUND-UP LOCATION | $895,890 to $1,414,500 |
| FREESTANDING CONVERSION | $438,450 to $957,500 |
| END CAP RESTAURANT | $470,450 to $946,400 |
| Agreement Period | 30 Years, Renewable |
| Golden Chicken Franchise Cost | $440,950 – $1,348,500 |
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Is Golden Chick Franchise Profitable?
It could be extremely difficult to comment on Golden chick’ outlet profitability without knowing its geographical location, city, average customer footfall, and capabilities of franchisee to operate and maintain an outlet.
However, considering the Golden Chick chain’s expertise of over 5 decades, a wide range of affordable & delicious food offerings, localized food taste, extensive training & marketing support, a proven business model, and a loyal fan base, one may anticipate earning an impressive net profit margin of 12-15%.
Additionally, these profit margins can be elevated or boasted with a careful business planning, strategies, and efficient operations.
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Why Consider Owning a Golden Chick Franchise?
There could be several benefits in owing a specialized chicken fast-food franchise, and some of them are listed below for your reference;
- Affordable Pricing with delectable taste:
- Golden fried chicken chain is renowned for serving its mouth watering chicken strips and other range of products at a competitive pricing that helps the chain to build a loyal fan base.
- Ranking aggressively on Franchising platforms:
- The chain has been ranking aggressively on various platforms like Entreprenuer.com and Franchisetimes, it helps them to build a better brand reputation among potential franchisee and its customers.
- Moderate capital required:
- With a Franchise fee of $30,000(for next locations, it will be only $18,000), royalty fee at 4%, and ad royalty fee of 3% makes Golden Chick as one of the most valuable and viable food franchise.
- Growth Potential:
- Golden Chick chain has a track record of successful outlet operation, and as a franchise owner, you may benefit from brand’s growth potential & its customer outreach.
- End-to-end support programme:
- As a Franchisee, you may be benefited with its comprehensive training and marketing support, including assistance in site selection, Interior decor, and other necessary stuff.
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What does it require to Own a Golden Chick Location?
Below are the Golden Chick franchise requirements;
- First and most important – One should be financially well-qualified and have good credit to start a Golden Chick location, and should be ready to invest minimum $438,450 to $957,500.
- Interested applicants are advised to dedicate themselves to the Golden Chick business and follow the company standards and maintain their legacy.
- Interested applicants must undergo and complete the necessary training program offered by the Golden Chick.
- Applicant should be hard-working and dedicated to being heavily involved during the early stages of their new business.
- Interested franchisees should have passion to work in the Food and Beverages industry and should possess the leadership and financial skills to operate a Golden Chick outlet.
- Applicants are advised to secure a suitable location that meets Golden Chick’ requirements, such as high visibility and easy accessibility.
What is the Support offered by Golden Chick?
- Site Search and Analysis
- Standard Layout support from the company
- Centralized billing systems
- SMS and WhatsApp Marketing Support
- Regular Food Innovations
- Quality checks and Complete Raw Material Support
- Staff Training Support
- Marketing & Sales grow up strategies and guidelines
- All Hands Meetings to improvise the business
- Location-specific promotions during the opening and planning of the launch
How to Get a Golden Chick Franchise?
Becoming a Golden Chick outlet owner requires a minimal investment that offers an impressive gross profit margin. Additionally, the Golden Chick chain may provide several benefits, and interested candidates can take up franchise outlets in their city through their expertise and endless support systems.
One can avail this franchise using below mentioned steps;
- Visit its official website, and navigate to franchise tab.
- Please fill in the details like Name, Address(State, city, and Pin code), Email ID, and Phone number.
Steps Involved in Franchising a Golden Chick Location
- Introductory call
- Reviewing the details
- Due diligence and proforma
- Operations training specialist(OPS) Assessment
- Discovery day
- Grand opening and beyond
Final Takeaway – Summary
Undoubtedly, Golden Chick is one of the most popular and rapidly growing fast-food chain in the US, which is predominately known for offering a wide range of Chicken products, such as Sandwiches, Strips, Fries, Burgers, Desserts, and much more.
At present, the chains has 200+ franchised networks and more outlets planned to release in the next few years will create tremendous opportunities for interested candidates to grab THIS deal in this ever-growing market.
With a minimum Initial investment of $438,450 to $957,500, the Golden Chick chain may offer an outstanding profit margin to its stakeholders and one may anticipate an exceptional gross profit margin of 40-50 % and a net profit margin of 12-15%.
The Bottom line – In case you are interested in the Food industry and want to take advantage of the opportunity with minimal investment, then you can start a Golden Chick outlet in your city. With its immense legacy, expertise, and robust supply chain, one may experience stable and steady growth in their entrepreneurial journey.
So, what are you waiting for? Go and start your entrepreneurial journey with Golden Chick!!
Good Luck!! Happy Franchising!!
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Food & Beverages Franchise, Bakery Franchise, Home Improvement, Real Estate, Delivery and Logistics, and Tea & Café Franchise
FAQ
How much is a Golden Chick Franchise?
Ans: The total initial investment for Golden Chick may vary depending on the chosen model. However, A minimum investment required to setup a Golden chick may cost approximately $438,450 to $957,500.
How much do Golden Chick Franchise Owners make?
Ans: The profitability of each Golden Chick location may vary depending on the outlet’s geographical locations, average customer footfall, and the chosen franchising model.
Nevertheless, considering its experience in this industry for over 5 decade, a varieties in menu, bulk purchasing power, comprehensive support systems, and best-in-class marketing strategies, one may expect a net profit margin of 12-15% on its sales.Is Golden chick a Franchise?
Ans: Yes, Golden Chick is a franchise, and they have been operating on franchising concept since 1972. The min cost required for Golden chick is $438,450 to $957,500.
