|Headquarters Regions:||Louisville, Kentucky, United States|
|Founded Date:||24 September 1952|
|Founders:||Colonel Sanders, Pete Harman|
|Number of Employees:||25000+|
|Area served:||United States of America and world|
|Products of Company:||fast food restaurant chain|
|Net Worth in 2023:||$10 billion|
If you like chicken or have not been living under the cave for all these years, then you must be familiar with the name of KFC. KFC is an American fast-food restaurant chain that is one of the most famous chicken fast-food chains in the world. The company specializes in fried chicken, and today it is the second-largest restaurant chain in the world, only after McDonald’s. This is one of the biggest companies, and it has branches in over 150 countries. It is the most famous non-veg food chain due to the variety of chickens it serves.
KFC was founded by Colonel Harland Sanders, who was born in 1890 and was raised on a farm near Kentucky. His father died while he was just five years old, which forced his mother to work at the canning plant. While he was just 13 years old, he had to work through many professions and had mixed success.
In the year 1930, he started working at the Shell Filling Station, which was on the US Route 25, and this was the first time he started serving the travelers with his recipes that he learned while he was just a child. He began serving them the fried and chicken and several other dishes. He included the dishes like country ham and steak.
Well, how well do you know about KFC? If not much, we have compiled all you need to know about KFC’s net worth in 2023, wiki and complete details. Well, if you’re all set, here is what we know about KFC to date.
In the starting Sanders used to serve his recipes from his dining room table, but later, Sanders purchased a much larger filling station, and he purchased this on the other side of the road, and this filling station expanded up to six tables. By the year 1936, he was able to attain a good amount of success, and due to this, he was also given the title of Kentucky Colonel by Governor Ruby Laffoon. Later in the year 1937, he expanded his restaurant up to 142 seats, and he even added the motel to it. He named his new venture the Sanders Court & Café.
He then devised a technique to lower the cooking time by buying the new pressure cookers that were recently launched in the market and converted them to a pressure fryer. In the year 1940, Sanders was also able to finalize his own “Original Recipe,” which included 11 herbs and spices. Kentucky also started dressing as part of his company and started growing a goatee. He even started wearing the black frock coat with a string tie.
He continued expanding, and then Pete Harman, who was Sanders’s friend, hired a painter and even coined the name “Kentucky Fried Chicken.” Harman coined the phrase “It’s finger-lickin’ good” and this even became the company’s famous slogan. Later the famous company meal, “bucket meal,” was introduced in the year 1957. The iconic feature of the company was selling their signature meal in a bucket. After this, the company expanded rapidly, and till now, the company has its franchisees in 23,000 locations and more than 150 countries.
In many countries like Asia and America, KFC is one of the major fast-food restaurants, and it was noted in the year 2014 that there were 25 KFC restaurants there. Many other restaurants have been opened in other countries.
The original name KFC was first adopted in the year 1991, and currently, the company is owned by Yum!. The company has gone through many transitions, and it also includes the PepsiCo transition, but now it is a subsidiary of the Yum! Brand. Today the company has its headquarters at 1441 Gardiner Lane in Louisville, Kentucky.
Awards & Achievements
KFC has won many awards till now, and it has achieved a lot of things till the date of its inception. The company has been awarded the awards like Trusted Brand in 2010, Putra Brand Award, Restaurant Excellence Award, Marketing Excellence Award, Franchisee of the Year, Yum! Reel Advertising Excellence Brand, Effie Award, and many other awards till now. The company has also achieved many great things till now.
Net Worth & Earnings of KFC in 2023
As of 2023, KFC is one of the most valuable brands to date, and the brand is worth $10 billion. Every year it gets an average sales of $26 billion. It is one of the top 100 valuable brands globally and has surpassed an excellent fortune for its members too. But the founder of the company was not able to earn a good amount of money as Colonel Sanders was worth only $3.5 million when he died in 1980.
He sold his KFC business in the year 1964, and he sold it merely for $2 million. Although he also sued the brand after the company decided to sell to Heublein Inc. He tried to sue the company for over $122 million but didn’t win the case and was only settled for $1 million. Today many have amassed a great fortune by opening the franchise of KFC too.
This was all about one of the most famous fast-food brands worldwide, which are known for their global presence and tasty food. The chicken served at KFC is enjoyed globally, which is why it is one of the most valuable brands in the world. Colonel Sanders is an inspiration for many today as he founded this brand at a very old age. This is inspiring for many entrepreneurs today, and the brand is loved by many.