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Golden Chick

Chicken
Investment
$497,500
Initial Franchise Fee
$30,000
Units
228
Growth Rate
+9.1%

Overview

Industry
Food
Founded
1967
Franchising Since
1972
Parent Company
Golden Franchising Corp.
Leadership
Mark Parmerlee, CEO
# of Employees at HQ
35

Units and Growth Chart

About Golden Chick

Does your mouth water at the sight of warm, crunchy, golden chicken? Then opening a Golden Chick franchise might be for you!

Golden Chick first opened under the name Golden Fried Chicken in 1967 in San Marcos, Texas. In 1996, the name changed to Golden Chick and new menu items, including golden roasted chicken, were added. There are over 175 Golden Chick outlets across the U.S., with franchise opportunities available in different locations. 

Why You May Want to Start a Golden Chick Franchise

Many Golden Chick franchisees consider investing in this company to be a golden opportunity. Golden Chick franchisees come from different backgrounds: there are military veterans, owners with franchise experience, and corporate professionals, each adding unique experiences to their franchises. 

Besides the delicious Golden Chick meals that patrons may have come to love, customers tend to enjoy the friendly atmosphere at Golden Chick franchises. The quality service found at Golden Chick may be something that keeps hungry customers coming back for more.

Golden Chick educates its customers on various dining options, potentially allowing you to serve the great tasting chicken via dine-in, drive-thru, delivery, and take-out.

What Might Make a Golden Chick Franchise a Good Choice?

Through the marketing and advertising programs, Golden Chick will likely support you, and the marketing team may inform the community of the products you have to offer. Golden Chick may provide franchisees with support and training during the pre-opening and opening stages of the business. This is usually followed by continued support for your Golden Chick franchise from regional management. The Golden Chick team has decades of experience and is typically happy to help you get your franchise off the ground.

To be part of the Golden Chick team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should ensure that you do not forget about ongoing fees that will include advertising, royalty, and renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.

How To Open a Golden Chick Franchise

To get started with Golden Chick, you'll first want to evaluate the restaurant market in your current area. Most branches are currently located in southern states or the Midwest. Is your community dying for some fresh, hot chicken?

During the process, a franchise representative will likely provide you with more information about the Golden Chick brand, the opportunity, investment, and timelines as you progress in the process. The franchise representative often provides franchisees with the Franchise Disclosure Document, as well. 

This may be a great time to come prepared with questions and concerns. You'll want to ask to speak with existing Golden Chick franchisees, as well. If your net worth and available liquid capital match the brand’s requirements, you may qualify to open a Golden Chick franchise, and you can get started with an initial investment. When it comes to serving up chicken, are you ready to go for the gold? 

Investment Details

Initial Franchise Fee
$30,000
Initial Investment
$497,500 - $2,324,300
Net Worth Requirement
$1,000,000
Cash Requirement
$350,000
Royalty Fee
4%
Ad Royalty Fee
2%
Technology Fee
$4.5K
Term of Agreement
20 years
Is Franchise Term Renewable?
Yes
Financing
Third Party
Veterans Incentive
33.3% off franchise fee

Available Territories

Franchising opportunities available in the following regions

United States

States

Alabama Arkansas Arizona Florida Georgia Kansas Louisiana Missouri Mississippi New Mexico Oklahoma Texas

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training
98-168 hours
Classroom Training
27-28 hours

Ongoing Support

Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform

Marketing Support

Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
12-15
Are exclusive territories available?
Yes

Ranking History

Golden Chick performance in the Franchise rankings over recent years

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022