BARSTOW – Starboard Realty Advisors announced, July 20, the sale of Kentucky Fried Chicken (KFC), located on 1440 E. Main Street, in Barstow for $2.85 Million. The new construction property opened for business February 2022 and is located near Dutch Bros Coffee, Taco Bell, McDonald’s, Burger King and the I-15, a major corridor between Los Angeles and Las Vegas.
Starboard Realty Advisors headquartered in Irvine, California, acquires, manages, develops and operates multi-family, multi-tenant retail shopping centers and single tenant triple net properties. Colliers International represented the Buyer in the sale of the Barstow KFC.
According to the company website, KFC is the “world’s most popular chicken restaurant chain with 24,000 restaurants worldwide, 99% locations franchised and $4.6 billion in U.S. sales.” Parent company Yum Brands Inc.,’s family of brands includes not only KFC, but Pizza Hut, Taco Bell and the Habit Burger.
An investment in a KFC franchise ranges from $1,442,600 – $2,771,550 with $750,000 required for liquid capital and a $1,500,000 net worth. Some of the required qualifications for a franchisee is proven track record in operating and owning a multi-unit restaurant or hospitality business, strong credit report and history and time commitment for the required training programs.
“KFC US LLC is committed to increasing the number of minority- and women-owned franchises. With the support of our parent company Yum! Brands, we offer a variety of programs for professional development, financing, etc.” as stated on the website.
It estimated that owners take home roughly $120,000 a year, based on average food franchise owner salaries.
Although KFC is currently facing a supply chain shortage in the UK, the restaurant recently added a new item to their menu – chicken nuggets, to cater to a younger demographic.
For more information on the sale of the Barstow KFC visit https://www.prnewswire.com/news-releases/starboard-realty-advisors-completes-sale-of-1-25-acre-retail-property-in-barstow-california-301589646.html