Do you know that round 178 million Individuals ate fried hen in 2020? These numbers are anticipated to rise to 184+ million by 2024. For those who’re on the lookout for a franchise that appears properly positioned to capitalize on this development, Slim Chickens is price evaluating.
How a lot does it value to open Slim Chickens? This fried hen tender chain requires a internet price requirement of $3,000,000 to $12,000,000 (a lot larger than most franchise alternatives). The capital funding to begin a Slim Chickens franchise is $1,589,900 to $4,389,000 and the franchise payment is $15,000 to $30,000.
There’s no denying this chain has seen eye-popping gross sales figures with development of 272% from 2018 – 2022. Although Slim Chickens has expertise a meteoric rise is that this development sustainable long-term? I share my evaluation under. You possibly can take our 7-minute franchise quiz to search out out if that is the most effective hen chain so that you can put money into.
Monetary Necessities and Charges
| Charges / Bills | Monetary Quantity |
| Web Price | $3,000,000 to $12,000,000 |
| Complete Funding | $1,589,900 to $4,389,000 |
| Franchise Price | $15,000 to $30,000 |
Along with these bills required by Slim Chickens, in addition they a cost a royalty payment of 5% of the product sales and an promoting payment of two% of the product sales. The time period of the settlement is 10 to fifteen years and the franchise is renewable.
The Slims Picnic Pack.
Common Gross sales / Income per 12 months
Slim Chickens has a number of the most spectacular gross sales numbers I’ve ever seen in a fast-casual franchise. Listed below are the annual gross sales numbers from 2018 – 2022 that present an common annual development price (AAGR) of roughly 30.2% per 12 months over a 5-year time interval.
- 2018: $97 million
- 2019: $121 million (24.74% year-over-year improve)
- 2020: $166 million (37.19% year-over-year improve)
- 2021: $265 million (59.64% year-over-year improve)
- 2022: $361 million (36.23% year-over-year improve)
What’s much more spectacular is that this fast-growing model went by a world well being disaster in the course of this enlargement interval. For those who consider this development trajectory will be sustained over the following 5 – 10 years, you’ve bought an idea price additional analysis.
Slim Chickens Franchise Information
| Complete Items | 200+ |
| Integrated Title | Slim Chickens |
| Franchising Since | 2011 |
| Trade | Quick Informal |
| Subsector | Fried Rooster |
Slim Chickens began in 2003 in Fayetteville, Arkansas by Thomas Gordon and Gregory Sensible, two highschool buddies who finally began the hen enterprise collectively. They customary an previous sushi place right into a restaurant that served hen tenders which grew to become a success as quickly as they opened.
A tenders meal with sauce.
The menu at Slim Chickens consists of tenders and wings, fried hen sandwiches, wraps, salads, hen and waffles, sides, and shakes. They’re additionally identified for his or her sauces that come within the following flavors:
- Ranch
- Cayenne Ranch
- Honey Mustard
- Slim Sauce
- Blue Cheese
- Gravy
- Honey Barbecue
- Garlic Parmesan
- Korean Barbecue
- BBQ
- Spicy BBQ
- Buffalo
- Candy Crimson Chili
- Sizzling
- Sriracha Garlic
- Mango Habanero
- Inferno
Slim Chickens boasts of utilizing 100% all-natural premium tenders, contemporary substances, and southern-style buttermilk marinade. All fried hen tenders are hand-breaded each order.
To franchise Slim Chickens, step one is to finish the curiosity kind right here. You’ll undergo a collection of steps that embrace pre-qualification (submitting of the inquiry kind, cellphone name interview, submitting of franchise utility), preliminary assembly (studying the Franchise Disclosure Doc, going to their Discovery Day, visiting Slim Chickens places, assembly the founders, and discussing territory of curiosity), and at last becoming a member of Slim Chickens (finishing the franchise settlement, reviewing of authorized paperwork, and scheduling the official closing of the franchise).
You Would possibly Like: How A lot Does it Actually Price (w/ Charges) to Open a KFC?
Slim Chickens is positioned in most states in america and their worldwide places are in United Kingdom and Kuwait.
At current, each founders nonetheless proceed to run Slim Chickens. Their headquarters is positioned in Fayetteville, Arkansas.
Common Income Per Unit
In line with the official Slim Chickens franchising web site, the common gross sales quantity per unit is $3.8 million yearly. That is a powerful quantity contemplating KFC averaged $1.3 million in common gross sales per unit in 2020. However the idea nonetheless has a solution to go in comparison with Chick-fil-A that introduced recorded greater than $8 million in product sales per unit final 12 months.
Benefits of a Slim Chickens Franchise
Along with quickly rising gross sales, listed here are a number of the benefits of franchising at Slim Chickens franchise:
Enlargement
Slim Chickens is on a mission to develop their franchises. They’ve at the moment signed 50 new growth initiatives not simply in america but additionally in different international locations similar to Turkey and United Kingdom. The model celebrated its presence within the Istanbul Airport and the College of Arkansas Fort Smith.
Future Projections? Slim Chickens goals to signal one other 60 growth offers, focusing on areas like Ohio, Pennsylvania, New York, Virginia, West Virginia, Canada, Germany, Turkey, and Malaysia. For those who’re all in favour of bringing Slim Chickens internationally, now could be the time to inquire since they’re desperate to franchise overseas.
Cheesecake in a mason jar from Slim Chickens.
High quality Elements
Slim Chickens is all about high quality substances. They use 100% all-natural premium hen tenders which can be made to order. They use contemporary buttermilk and every hen tender is hand breaded. Slim Chickens makes certain that their meals says every little thing about them so clients can proceed to return again for extra.
Menu
The menu at Slim Chickens has numerous selection so clients don’t get bored. Not solely do they serve hen tenders however in addition they have waffles, wraps, sandwiches and salads. Their foremost menu attraction other than the tenders is the number of sauces that they’ve which may compete with different foremost hen franchises similar to Buffalo Wild Wings and Rooster Man.
Challenges of a Slim Chickens Franchise
Earlier than franchising a enterprise, you’ll need to know what the challenges to face are. Listed below are a few of them:
Controversies
Slim Chickens has confronted a number of controversies by the years. One was a hygiene situation whereby a girl ordered a hen tender meal and a cockroach was seen caught to the facet of the hen tender. One other one was a toddler labor legislation violation in Streetsboro. As well as, Penn State referred to as out the hen chain as racist because of the manner they held their press convention at their campus.
We might have simply talked about a number of of their controversies however this is sufficient to taint their fame.
Competitors
There are lots of fried hen eating places within the trade with their foremost star or spotlight of the menu being their broad number of sauces. Slim Chickens might must be extra aggressive in preventing towards the likes of Buffalo Wild Wings or Dave’s Sizzling Rooster to be within the lead.
Your Slim Chickens location could possibly be below development quickly.
Costly
Slim Chickens is an costly franchise with a required funding at $1,589,900 to $4,389,000. Buffalo Wild Wings will be franchised at $ 2,466,500 to $ 4,604,800 however in addition they provide alcoholic drinks and is taken into account a sports activities bar slightly than a fast-casual restaurant. Dave’s Sizzling Rooster’s funding is just $626,300 to $1,413,500 and KFC’s is $1,000,000 – $2,000,000.
As an added problem, Slim Chickens doesn’t present inner or exterior funding assist for potential franchise operators. The very fact is you’ll want important sources to open this hen chain.
Regional Advertising and marketing and promoting: Slim Chickens eating places might want to put money into advertising and promoting to draw clients at an area degree. In contrast to different franchises like McDonald’s or KFC, clients know and just like the model already. Slim Chickens has sturdy model consciousness within the South and elements of Center America.
However on the East and West Coast it might face difficulties gaining market share from powerful rivals like Chik-Fil-A. The franchisee might want to develop a advertising plan that targets the precise viewers in every new promote it enters.
Is the Slim Chickens Franchise Proper For You?
If you wish to franchise a fried hen tender enterprise and your price range isn’t that tight then Slim Chickens could possibly be the one for you. Nonetheless, if you’d like a low value franchise you then would possibly need to take a look at different different franchises or take our franchise quiz to discover different choices.
What’s another Slim Chickens franchise?
You may additionally need to take a look at Dave’s Sizzling Rooster. This fried hen tender chain is pretty new because it simply began providing franchises in 2019. Their specialties are hen tenders with spice ranges from no spice to reaper. The chain at the moment has over 70 places in america.
To franchise Dave’s Sizzling Rooster, anticipate the funding to be round $626,300 to $1,413,500 and the franchise payment is $40,000. Be taught extra about franchising this chain right here.
Whether or not or not you assume Slim Chickens is price a $1.5 million in funding, I hope this information provides you further info on whether or not or not you’d wish to conduct further analysis on the idea.
