Making Hot Chicken Franchise Profit Our Priority: The Red Chickz
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January 29, 2024
Hot chicken franchises are all the rage, but they can vary quite a bit. The Red Chickz franchise stands out as a better opportunity for new owners looking to break into this lucrative industry.
Read on to learn more about The Red Chickz brand, the hot chicken market, profitability, and why it makes sense to franchise now.
Hot Chicken Franchise Cost and Profit Analysis: The Red Chickz Investment Breakdown
Depending on your location, you can expect to pay between $363,500 to $821,400 per restaurant. That figure includes a $40,000 initial franchise fee. However, you can save 20% with additional units. The brand insists investors have adequate capital to fund the initial growth stages.
Additionally, you will pay a 6% (of total gross sales) royalty fee and a weekly $60 technology fee to take advantage of marketing on The Red Chickz website and app. You can expect other fees and expenses. Contact the franchise manager for all the details.
How does a hot chicken franchise profit?
Owners of a hot chicken franchise can expect a 12-15% profit on gross sales per year. When thinking about hot chicken franchise profitability, the statistics speak for themselves:
The takeout chicken market is expected to reach $9.85 billion by 2030, indicating that even a piece of that pie is impressive.
Only 1.95% of restaurants offer hot chicken options, making it a desired specialty.
The average American consumes roughly 98 pounds of chicken annually.
People mention “Nashville Hot” 9% more often each year.
How Does TRC Support Its Franchisees' Profitability?
The sign of a good franchise is how well the parent company supports its new owners. The Red Chickz goes that extra mile for each and every one of their franchisees. Some of the ways The Red Chickz supports new owners include:
Help Find Your Ideal Location: TRC offers you help finding your ideal location in one of many high-growth markets.
Initial Training and Start-Up Guidance, Plus Ongoing Training: The Red Chickz offers you training and guidance for as long as needed to keep you on the path toward growth and success.
Remote and Onsite Support: TRC offers new owners phone or email support anytime you need it. You can also expect regular site visits to monitor operations and provide improvement tips.
Confidential Operations Manual: You can also access the confidential operations manual detailing essential operational procedures, marketing, reporting, guest services, and more.
Access to Our Established Suppliers, Recipes, Spice Packs, Sauces, and Other Prepped Items: As a new owner, you also have access to proprietary supplies to help ensure efficiency and consistency across the board.
Technology Tools: Take advantage of TRC’s technology tools optimized for the business to make operations much more efficient.
Ongoing Marketing Support: TRC helps franchisees with expert guidance on local marketing campaigns and sample materials to get the most out of your grand opening. These marketing resources help you build visibility of The Red Chickz brand and Nashville hot food options in your area.
Everything included in the franchise package has been specifically geared toward helping new owners reach peak success as quickly and smoothly as possible.
Additional Factors to Weigh in the Profitability of a Hot Chicken Franchise
Although profit is a significant factor when comparing franchises, there are other more important things to consider. The consistency of the chicken industry and an elevated desire to eat healthier have created enormous growth potential in the hot chicken franchise market.
It’s essential to research potential hot locations and where you might open the next The Red Chickz restaurant.
Consider speaking with other The Red Chickz owners to ask them about the brand and how they like owning their franchise.
Be sure to check out all the ways that The Red Chickz supports its new owners; that is a make-or-break bonus you may not find with other hot chicken restaurant franchises.
What Sets The Red Chickz Apart in the Profitability of Hot Chicken Franchises
Founded by Shawn Lalehzarian in 2018, The Red Chickz became an overnight success. Fueled by his vast experience working with brands like Starbucks, California Pizza Kitchen, Wolfgang Puck, Ruby’s Diner, and Chili’s, Shawn took inspiration from Nashville’s flavors and culture and he turned it into a hot chicken sensation.
Not only did Shawn create a fantastic brand with mouth-watering food options, a great atmosphere, and a rock-solid business plan, but he also designed an affordable franchise model geared around his franchisees and building their own business.
The Red Chickz team used their considerable specialized skills to create a hotter-than-hot franchise opportunity for investors looking for consistent growth and profit.
Open Your Own Red Chickz Restaurant Today!
The Red Chickz has dozens of key markets still available, just waiting for you. If you are ready to take the next step in your career and invest in a highly successful brand with unlimited growth potential, contact The Red Chickz today to learn more.
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This website and the franchise sales information on this site do not constitute an offer to sell a franchise. The offer of a franchise can only be made through the delivery of a franchise disclosure document. Certain states require that we register the franchise disclosure document in those states. The communications on this website are not directed by us to the residents of any of those states. Moreover, we will not offer or sell franchises in those states until we have registered the franchise (or obtained an applicable exemption from registration) and delivered the franchise disclosure document to the prospective franchisee in compliance with applicable law.