What are the steps involved in becoming a licensee?
Step 1. Request an application here online by contacting us at
infoLFC@yahoo.com. Please include information about how you found out
about LFC, what kind of experience you have, and which area(s) you are
interested in developing a store. The LFC License Application is simply a
standard financial statement which we use to verify your financial standing
and run a routine credit check (a minimum net worth of $150,000 is required;
you do not need to have this amount of money in the bank, your assets minus
your liabilities must be at least this amount). Once your application is
approved, we will mail you part one of the LFC Operations Manual which
contains key information about selecting a good location and setting up a store
for efficient operations.
Step 2. Scout out a location and negotiate a favorable lease. Keep in mind
the old adage, LOCATION, LOCATION, LOCATION. Take your time and do your
homework. Consider all aspects including demographics, traffic flow, parking,
etc. Once you have found suitable locations, we will look at these and provide
you with additional input in order to help you in the decision making process.
Once you make your final decision, it is up to you to negotiate for the best
terms keeping in mind that all terms of a lease are negotiable.
Step 3. After signing the lease, you have 3 days to purchase your LFC License
in order to secure your one mile radius exclusive area. A late payment fee of
10% (APR) will be charged if license is not purchased on time.
Step 4. Upon purchasing a license, you will be provided with part 2 of the LFC
Operations Manual which contains detailed instructions on how to prepare LFC
products as well as popular side dishes such as Gumbo, Fish, and Shrimp.
Step 5. You build out your store by creating the design plans, hiring a
contractor, and following the checklists in the Operations Manual.
Step 6. You obtain hands-on training at a company store. Here you will learn
how to properly produce LFC chicken and side dishes. This usually takes 2
days, more or less as your needs require. Once you are operating, additional
training and consulting is available for a fee ($200/day plus travel expenses).
Step 7. You prepare for your Grand Opening and begin operations of your
store.
infoLFC@yahoo.com. Please include information about how you found out
about LFC, what kind of experience you have, and which area(s) you are
interested in developing a store. The LFC License Application is simply a
standard financial statement which we use to verify your financial standing
and run a routine credit check (a minimum net worth of $150,000 is required;
you do not need to have this amount of money in the bank, your assets minus
your liabilities must be at least this amount). Once your application is
approved, we will mail you part one of the LFC Operations Manual which
contains key information about selecting a good location and setting up a store
for efficient operations.
Step 2. Scout out a location and negotiate a favorable lease. Keep in mind
the old adage, LOCATION, LOCATION, LOCATION. Take your time and do your
homework. Consider all aspects including demographics, traffic flow, parking,
etc. Once you have found suitable locations, we will look at these and provide
you with additional input in order to help you in the decision making process.
Once you make your final decision, it is up to you to negotiate for the best
terms keeping in mind that all terms of a lease are negotiable.
Step 3. After signing the lease, you have 3 days to purchase your LFC License
in order to secure your one mile radius exclusive area. A late payment fee of
10% (APR) will be charged if license is not purchased on time.
Step 4. Upon purchasing a license, you will be provided with part 2 of the LFC
Operations Manual which contains detailed instructions on how to prepare LFC
products as well as popular side dishes such as Gumbo, Fish, and Shrimp.
Step 5. You build out your store by creating the design plans, hiring a
contractor, and following the checklists in the Operations Manual.
Step 6. You obtain hands-on training at a company store. Here you will learn
how to properly produce LFC chicken and side dishes. This usually takes 2
days, more or less as your needs require. Once you are operating, additional
training and consulting is available for a fee ($200/day plus travel expenses).
Step 7. You prepare for your Grand Opening and begin operations of your
store.
Note on Location: You know your community best so you probably know where to look. In terms
of the size of a space to look for, most LFC stores run between 900 and 1500 square feet
depending on whether it has table seating or is strictly take-out. Leases generally run between
$2.00 and $3.50 per square foot. Free-standing buildings (especially drive-thu) do the best, yet
end-caps also do well, so this is what you want to look for. Ideally, you may find an existing
restaurant which has some equipment already in place (walk-in cooler, fryers, hood, etc.). A rough
estimate for starting from scratch with an empty building and hiring a contractor to build it out, then
adding equipment, signs and menu boards, etc., is $150,000 plus the $18,000 for the license, but
there are many variables that can make it more or less than this. Constructing a new store from the
ground up from a vacant lot will cost upwards of $250,000. If you are interested in a turn-key
business, contact us and we will let you know if any of the LFC stores are for sale.
of the size of a space to look for, most LFC stores run between 900 and 1500 square feet
depending on whether it has table seating or is strictly take-out. Leases generally run between
$2.00 and $3.50 per square foot. Free-standing buildings (especially drive-thu) do the best, yet
end-caps also do well, so this is what you want to look for. Ideally, you may find an existing
restaurant which has some equipment already in place (walk-in cooler, fryers, hood, etc.). A rough
estimate for starting from scratch with an empty building and hiring a contractor to build it out, then
adding equipment, signs and menu boards, etc., is $150,000 plus the $18,000 for the license, but
there are many variables that can make it more or less than this. Constructing a new store from the
ground up from a vacant lot will cost upwards of $250,000. If you are interested in a turn-key
business, contact us and we will let you know if any of the LFC stores are for sale.