When opening a fried chicken restaurant as a Golden Chick franchisee, there will be a number of steps you’ll take as you prepare to do business. One of the most important is setting aside some time to review our franchise disclosure document, or FDD. An FDD is a comprehensive document that all franchisors are required to have and that goes over everything you need to know about a brand, including its history and key players. It’s vital that you be as well-informed as possible before making any investment, and a careful review of an FDD will help. In fact, many potential franchisees review our FDD with their attorney. Here, we’ll take a closer look at the role an FDD plays and some of the topics it will discuss.
What to Expect from Us
As you begin the process of opening a fried chicken restaurant with Golden Chick, some of the most important information our FDD can provide you with is just what to expect from us as your franchisor. We take the franchisee/franchisor relationship very seriously, which is why our FDD spells out exactly what our responsibilities are to you. Among other things, you’ll learn what kind of training and support you can count on from us, as well as what marketing resources you can expect. Our FDD also gives you important information about supply sources and operational items, among other resources you’ll enjoy.
What’s Expected of You When Opening a Fried Chicken Restaurant
Because, in essence, you’ll be an ambassador of the Golden Chick name, and because consistency is key to the success of any franchise brand, it’s important that you adhere to certain guidelines and processes while doing business. These are laid out clearly in our FDD. While you’ll have plenty of freedom to run your restaurant the way you’d like, it’s important to adhere to our business model, utilize all our proprietary materials, and stick to the culture of our brand. This kind of consistency helps to distinguish us from our competitors and sets all our franchisees up for success, taking a lot of the guesswork out of running their businesses.
What Does an Investment in Golden Chick Look Like?
Not surprisingly, the information that likely interests most potential franchisees is the cost of investing in our brand, and our FDD clearly lays out that investment. You’ll learn what initial fees are associated with becoming a franchisee, including the franchise fee itself, and the cost of necessary supplies and materials. You’ll also learn more about any ongoing fees you’ll be responsible for, including monthly royalty and marketing fees. It’s important that you have a clear sense of what’s expected of you financially, and our FDD provides that.
Take Your Time to Review
No matter what brand you decide to invest in, it’s essential that you allow yourself plenty of time with that brand’s FDD. One of our franchising professionals will review the FDD item by item to insure your understanding and answer any questions you may have. Our goal is to provide you with vetted and validated information that can be used to help you make an educated decision about your investment with us. We’re available anytime during the process to answer any questions you might have.
If you’re thinking about opening a fried chicken restaurant we’d love to hear from you, so reach out today!