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Slim Chickens Franchise Cost is Over $1 million



Are you interested in the food franchise industry and want to run your own business?

Slim Chickens, offers franchises that sell chicken tenders, wings, chicken & waffles, sandwiches, and more.

Slim Chickens franchise is a fast-casual restaurant located across the United States.

The franchise food industry is high in competition being rated a 3/4, 4 being very competitive but there isn’t a high amount of risk being rated a 2/4, 4 being high risk. If this interests you, keep reading about what Slim Chickens has to offer.

You can learn more here: https://www.vettedbiz.com/slim-chickens-franchise/

A franchise specialist can help you: https://share.hsforms.com/1ZtNM19w4R8WIXyNa_97N7w4e0xw

00:00 Introduction
00:16 Slim Chickens products
00:24 Slim Chickens founder and CEO
00:33 Franchise fee & Royalty fee
00:53 Average gross sales
01:34 Slim Chickens outlets
01:44 Investment capital & Profits
02:22 Get good advice
02:32 Compare with other franchises in Vetted Biz
02:44 Subscribe!

#SlimChickenFranchise #SlimChickenFranchiseCost #SlimChickenFranchiseCostIsOver1million

Slim Chickens was founded by Greg Smart and Tom Gordon who started the restaurant in a garage test kitchen in 2002. The founders thought there was a need for great quality chicken in northwest Arkansas. They opened the first location in 2003 in Fayetteville, Arkansas and it grew from there.

The CEO of Slim Chickens is Thomas D. Gordon who also was the founder of this franchise. He has served as CEO since December 2002. The CFO of the company is Seth A. Jensen who has served in this role since June 2011.

Slim Chickens has dealt with two litigations that are both closed. One of the litigation was recently on September 29, 2020, called the “In the Matter of Slim Chickens’ Development Company”. This was with the Securities Division of the Department of Financial Institutions where it was alleged Slim Chickens sold two franchises without it being registered in the state of Washington. By terms of the Consent Order, Slim Chickens agreed to stop selling and offering franchises in the state of Washington and they paid the State of Washington an investigative cost of $1,000.

The second litigation was called “Hodson vs. Slim Chickens‘ Development Company” which happened in 2012. The plaintiff Hodson was an owner of Slim Chickens‘ prior affiliate which operated the franchise. Hodson sued them for breach of contract, fraud, misrepresentation, and more. They ended up settling where Slim Chickens agreed to purchase Hodson’s minority ownership which cost $420,000.

The Slim Chickens’ initial investment costs between $1.07 million to $3.37 million. This is quite expensive to open up a franchise but many costs take a large chunk out of the investment. The most expensive cost is construction/building the restaurant. This can cost between $350,000 to $1.2 million. Slim Chickens expects most franchisee owners to lease the restaurant because purchasing one is much more expensive.

Also, there is another option of building your restaurant. This can be costly depending on building it from scratch but in an already existing restaurant, it’s much more affordable.

Another high cost which you may not know about is soft costs. Soft costs between $137,00 to $278,000 which includes mandatory site work. This involves permits, occupancy certificates, architect fees, reports, legal services, tap fee which is the amount paid for the public sewer treatment, etc. There are some flexible costs such as deciding whether to build, buy or lease your restaurant but there are other costs that cannot budge such as the soft costs. This is something to consider when deciding to purchase a franchise on how much power you have in deciding on what to buy.

You can learn more here: https://www.vettedbiz.com/slim-chickens-franchise/

A franchise specialist can help you: https://share.hsforms.com/1ZtNM19w4R8WIXyNa_97N7w4e0xw

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