This might seem obvious, given that its drive-thrus have grown so long that some cities are considering declaring them a public nuisance, but the average Chick-fil-A makes a lot of money. In 2021, in fact, a typical stand-alone Chick-fil-A outside of the mall generated more than $8.1 million in revenues.
How much do Chick-fil-A owners make?
In return for 60-hour work-weeks, an operator might take home 5-7% of revenue (around $150-$250k per year). But from an investment perspective, certain things about being a Chick-fil-A franchisee aren’t so enticing: They don’t own the restaurant or equipment (everything belongs to corporate).
Why is it only cost $10 K to own a Chick-fil-A franchise?
The biggest reason it only costs $10,000 for a Chick-fil-A location is that you don’t actually own it. Just because you paid Chick-fil-A corporate $10,000, got accepted, and went through the extensive training program doesn’t mean you own the location.
How much money is Chick-fil-A worth?
Chick-fil-A
| A Chick-fil-A store in Morristown, Tennessee |
| Key people |
Dan Cathy (Chairman) Andrew T. Cathy (CEO) Bubba Cathy (Executive Vice President and President of Dwarf House) Trudy Cathy White (Ambassador) |
| Products |
Sandwiches, chicken dishes |
| Revenue |
US$11.3 billion (2019) |
| Owner |
Cathy family |
How much money does 1 Chick-fil-A make a year? – Related Questions
Is Chick-fil-A richer than McDonald’s?
Chick-fil-A Makes More Per Restaurant Than McDonald’s, Starbucks and Subway Combined … and It’s Closed on Sundays. Why a restaurant that’s closed on Sundays makes more per restaurant than any other fast food restaurant in the country. McDonald’s — 14,036 units, $37,480,670,000 in sales, or $2,670,320 in sales per unit
How much money do you need to open a Chick-fil-A?
There are no startup costs, costs for purchasing a building, for constructing a building or for buying equipment – Chick-Fil-A covers it all.
How much is the Chick-fil-A CEO worth?
Truett’s sons, Dan Cathy and Don “Bubba” Cathy, run the company as CEO and executive vice president, respectively — they each have a reported net worth of $7.1 billion, according to the Forbes 400.
How much is the Chick-fil-A industry worth?
Atlanta-based quick service restaurant chain Chick-fil-A reported record revenues in 2021 amounting to 5.8 billion U.S. dollars worldwide, an increase of 1.5 billion U.S. dollars from the previous year.
Who is the richest Chick-fil-A owner?
Daniel Truett Cathy (born March 1, 1953) is an American businessman. He is the Chairman of the Board and VP of fast-food chain Chick-fil-A, which was founded and expanded by his father, S. Truett Cathy. He has a net worth of $7.1 billion as of November 2020.
Is the owner of Chick-fil-A billionaire?
The privately held Atlanta company is valued at $4.5 billion, according to research firm PrivCo. Don “Bubba” Cathy and Dan Cathy — he of anti-gay-marriage fame — each own a third. According to PrivCo, that means the Cathys, sons of Chick-fil-A founder Samuel Truett Cathy, are worth $1.5 billion apiece.
Who is the youngest owner of Chick-fil-A?
When Ashley Lamothe first started her job at Chic-Fil-A at age 15, she had no idea the journey would lead to her becoming the company’s youngest owner at age 26 when opening in 2011, according to Black Business.
Who buys the most Chick-fil-A?
They likely live in the suburbs, with a high income and a full-time job. Although the average customer is white, a Chick-fil-A customer is more likely to be black than the typical quick-service customer overall. The average Chick-fil-A customer spends $15.91 per trip to the chicken chain, buying five items per trip.
Who owns the most Chick-fil-A’s?
Brothers Dan and Bubba Cathy own and run fast-food chain Chick-fil-A, founded by their father S. Truett Cathy (d. 2014) in 1967 in Atlanta. Dan is chairman and CEO of the chain, which has 2,500 outlets–nearly all franchises–in the U.S.; younger brother Bubba is executive vice president.
What 3 states have no Chick-fil-A?
7. Only three states don’t have a Chick-fil-A restaurant. Chick-fil-A has made its way into nearly every U.S. state. There are locations in 47 states, plus Washington D.C. The only states it has yet to set up in are Alaska, Hawaii and Vermont.
What kind of people own Chick-fil-A?
Andrew Cathy, Truett’s grandson, serves as CEO. Just as Truett built Chick-fil-A alongside his wife and children, several more second and third generation Cathy family members are carrying on that tradition, while others pursue talents in other fields.
Who is Chick-fil-A’s biggest competitor?
Chick-fil-A competitors include McDonald’s, KFC, Wendy’s, Taco Bell and Fogo de Chao. Chick-fil-A ranks 1st in CEO Score on Comparably vs its competitors.
Is Chick-fil-A harder to get into than Harvard?
In fact, it’s about 30 times more likely that you’ll get into Harvard than to be approved for your own Chick-fil-A franchise. Just last year, Chick-fil-A accepted only 0.15% of all applicants who wanted to become operators, approving around 100 new franchisees. Compare that to Harvard’s acceptance race of about 4.5%.
What religion is owned by Chick-fil-A?
Chick-fil-A’s business model is largely rooted in its owner’s religious beliefs. S. Truett Cathy, a devout Baptist, opened the first Chick-fil-A in Atlanta in 1967, and the chain has remained in his family’s hands ever since.
Is Chick-fil-A or McDonald’s more popular?
McDonald’s is still the most popular fast food brand in America today—with $46 billion in systemwide sales last year. This graphic uses data from a report on America’s top 50 fast food chains by Quick Service Restaurant (QSR) Magazine.
What’s the #1 fast food chain in the world?
McDonald’s is the world’s largest fast-food restaurant chain and one of the best-known brand names. The company has more than 39,000 locations in about 100 countries.
What is the #1 fast food in the world?
Top 10 Largest Fast Food Chains in the World by Revenue
| Rank |
Fast Food Chain |
Number of Stores |
| 1 |
Starbucks |
28,218 |
| 2 |
McDonald’s |
37,855 |
| 3 |
Subway |
43,600 |
| 4 |
Yum China |
8,484 |