There are many things you can buy with $10,000, but a fast-food restaurant usually isn’t one of those things. However, that’s all it costs to buy the rights to operate a Chick-fil-A franchise.
Sure, $10,000 is still a lot of money—but it is far less than what it costs to buy into most franchises. By comparison, you need $45,000 to open a Taco Bell, plus $750,000 in liquid assets and a net worth of $1.5 million.
It is common for franchisors to set liquid asset and net worth requirements for franchisees. But Chick-fil-A doesn’t have either requirement, plus the company pays for franchisees’ start-up costs, including real estate, restaurant construction and equipment.
“The barrier to entry for being a franchisee is never going to be money,” Chick-fil-A Amanda Hannah told Business Insider. “We seek to find the very best business partners who find great joy in making other peoples’ days. They do so with a combination of great business acumen, an entrepreneurial spirit, and a passion for serving others.”
So, what’s the catch?