What type of industry is kfc

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About Advertise Contact. The franchise opportunities listed above are not related to or endorsed by Franchising. We are not engaged in, supporting, or endorsing any specific franchise, business opportunity, company or individual. No statement in this site is to be construed as a recommendation. We encourage prospective franchise buyers to perform extensive due diligence when considering a franchise opportunity. In addition to its restaurants, the Company operates an online ordering system and home delivery service in certain markets.

KFC additionally also franchises its restaurants. KFC operates as a unit of Yum Brands since These partners can be organised broadly into the following categories:. KFC has a number of partnerships in place around the world. As such, its key resources are its brand name and intellectual properties, its network of restaurants and franchise partners, its online ordering platforms and IT infrastructure, its supplies and supply chain, its network of partners, and its personnel.

KFC incurs costs in relation to the procurement of ingredients and equipment, the operation of restaurants and outlets — including utility and occupancy costs, the management of its partnerships, the procurement of third party services, the implementation of marketing and sponsorship campaigns, the development and maintenance of its IT and communications infrastructure, and the payment of salaries and benefits to its personnel.

In , KFC recorded general and administrative expenses in the amount of USD million, franchise and property expenses in the amount of USD million, and franchise advertising and other expenses in the amount of USD million. KFC generates revenue via the operation of restaurants and the sale of food and drinks directly to customers.

The Company generates the bulk of its revenue in the form of sales fees collected directly from customers at point of sale, including sales across its network of restaurants and its via its online ordering platforms. The Company also generates a portion of its revenue in the form of franchise and property revenues, generated under franchise agreements with third parties. Not yet a member? Sign Up. Find your dream job.

The founder of KFC is the one who is among the entrepreneurs, and who had begun late in life and had a very inspiring life. He was born on 9 September in Henryville, Indiana, U. When he was 5 years old, his father passed away. He had the responsibility of feeding his family. His mother taught him how to cook at the early age of seven. So, he did several small jobs to make a living.

However, when he was around forty he ran a restaurant in Kentucky. He had a special self-made recipe of fried chicken that was loved by people. He wanted to make it an internationally known recipe.

Finally, at the age of 62, he started his journey with very little money in his pocket. He would go door to door with his chicken recipe. He was rejected several times before he got his first franchise. So, let's have a glimpse at the history of KFC in detail. Harland Sanders had gone through a lot and finally, he revealed his secret recipe to his friend Pete Harman. Many international restaurants wanted to buy the KFC franchise. A lot of big investors started buying shares of KFC. One of the fascinating truths that rouse each individual is that he did not have any salesperson that promoted his Franchise.

He did everything alone and his franchise got famous. Diverse franchisees began contacting him out. KFC chicken had lots of outlets however didn't have signature outlets. At the point when he was 74, youthful lawyer John Y. Earthy coloured, Jr. Both comforted Colonel for a long time with the guarantee to keep up better quality control for the franchise. They likewise guarantee to never change the recipe of Colonel.