Is Owning a Chick-fil-A Harder Than Getting Into Harvard?
The answer to this question is a resounding yes. 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 rate of about 4.5%.
So why is it so hard to get a Chick-fil-A franchise? It all comes down to the company’s stringent selection process. First, the company requires potential franchisees to have a net worth of at least $250,000 and liquid assets of at least $75,000. This is to ensure that franchisees have the financial resources to open and operate a successful Chick-fil-A.
In addition, the company also looks for potential franchisees who have the right experience and qualifications. For example, Chick-fil-A looks for people who have experience in business, management, and customer service. They also prefer applicants who have a college degree or equivalent work experience.
Finally, Chick-fil-A looks for franchisees who share their values and beliefs. This includes having a commitment to customer service, a commitment to the community, and a commitment to the Chick-fil-A brand.
So if you’re thinking about applying for a Chick-fil-A franchise, you should know that it’s not an easy process. You’ll need to have the right qualifications, experience, and financial resources to be considered. And even if you meet all of the requirements, there’s still no guarantee that you’ll be approved.
But if you do get approved, you’ll be joining a successful and growing company. Chick-fil-A is one of the most popular fast-food chains in the United States, and it continues to expand every year. So if you’re up for the challenge, you could be part of a great success story.
Aug 12, 2019