Lee's Famous Recipe is a restaurant chain specializing in fried chicken made with a secret blend of herbs and spices. The franchise serves classic fried chicken along with side dishes and desserts in a casual, family-friendly atmosphere.
Key Insights
- Lee's Famous Recipe began with a dedication to homestyle quality and flavor, evolving into a recognized name in the fast-casual dining sector known for its signature chicken preparations and diverse menu offerings. The business has steadily grown its presence through a commitment to consistent product and customer experience.
- The franchise operates on a proven model focused on efficient kitchen operations and streamlined customer service, catering to a demand for convenient, familiar, and satisfying meal options. Site selection and operational training are core components of the business's support system for its franchisees.
- Operating within the competitive quick-service restaurant industry, Lee's Famous Recipe benefits from consumer preferences for fried chicken and comfort food. The business taps into established market trends for affordable, family-friendly dining solutions.
Franchise Fee and Costs to Open
Exploring the financial picture of Lee's Famous Recipe gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $1,340,600 - $2,353,900, along with a franchise fee of $35,000 - $35,000.
Financial Performance and Revenue
Yearly gross sales of $1,685,674 and estimated earnings of $202,281 - $252,852 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 8.6-10.6 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Lee's Famous Recipe Chicken provides new franchisees with comprehensive training. This initial program offers a blend of classroom instruction and hands-on experience. Typically spanning two to three weeks, the training takes place at Lee's Famous Recipe Chicken headquarters. The franchisor also offers ongoing support and resources to assist franchisees as they establish and grow their businesses.
Legal Considerations
Legal considerations for a Lee's Famous Recipe franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Operating a Lee's Famous Recipe franchise presents several considerations. Local market saturation from established chains and independent eateries requires strategic differentiation. The operational demands of maintaining food quality, service speed, and inventory management demand consistent attention. Furthermore, dependence on specific suppliers for signature ingredients necessitates robust relationship management and contingency planning.
Franchise Datasheet
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