Raising Cane’s is a wildly successful fast-food chain that has become popular with its signature chicken fingers, fries, and Texas toast. If you want to invest in the business, becoming a Raising Cane franchisee is a great way to go.
This article will provide an overview of all the information you need to know about Raising Cane’s franchise, including the franchise fees, total investment, training requirements, restrictions, renewal policies, return on investment, and other relevant information.
Read on to find out what it takes to become a successful Raising Cane’s franchisee.
About Raising Cane History
Raising Cane’s Chicken Fingers was founded in Baton Rouge, Louisiana in 1996 by Todd Graves and his wife Craigessa. Graves came up with the idea for the restaurant after spending time working on an offshore oil rig, where he encountered chicken fingers for the first time.
After returning home, he decided to open a restaurant specializing in this new favorite dish of his.
The original restaurant was located on Highland Road, and it quickly became popular among locals due to its delicious food and friendly atmosphere.
In 1997, Raising Cane’s opened their second location near LSU campus. This location proved so successful that more locations began popping up all over south Louisiana by 2000.
Now there are over 400 locations spread across 25 states! It’s even become an international sensation, with locations in Kuwait, Saudi Arabia and the United Arab Emirates.
By 2007, Raising Cane’s was named one of Entrepreneur magazine’s “Top 50 New Franchises” and had become a major player in the fast food industry.
The company continued to expand rapidly over the next few years, opening over 200 new locations by 2012.
In 2013, their first location outside of the United States opened in Kuwait.
Today, Raising Cane’s is a household name that continues to grow every year.
Raising Cane Franchise Model
|Total Investment||$1,000,000 – $1,937,500|
The Advantages Of Being A Member Of Raising Cane’s
Earlier this week, the restaurant company unveiled a new integration of its 10-year-old management partner program, the Restaurant Partner Program.
Kumaran, also a chief operating officer, focuses on ensuring that partners have the resources they need to generate significant, long-term results.
Staff training, marketing tools, facilities, financial guidance, health concierges, work-life balance plans, and more are all part of this support.
Training Provided By Raising Cane’s
Raising Cane’s franchisees benefit from a variety of benefits. These are designed to increase the franchisee’s chances of being successful.
They offer training to assist franchisees in getting off to a strong start. The franchisee can choose the available training options in In-Person and classroom.
Raising Cane’s Comparison
|Initial Investment||$1,000,000 – $1,937,500||$503,879-$1,099,004|
|Annual Revenue||$1.5 Billion||$77 Million|
Frequently Asked Questions
How much profit does a Raising Cane's franchisee make per year?
The fast-food restaurant chain’s average unit sales are $3.6 million; annual systemwide sales have tripled to $1.5 billion in recent years.
Who is Raising Cane's intended audience?
People of 16 to 34 age are the primary target audience.
Is Raising Cane's a Franchise?
Raising Cane’s no longer offers franchises. And currently, all its locations are owned by the company.
How much does a Raising Cane's franchise cost?
Raising Cane’s does not offer franchises anymore, but when it did, the initial fee to open Raising Cane’s franchise was $45,000, with a total initial investment range of $768,100 to $1,937,500.
Who is the owner of Raising Cane's?
Raising Cane’s was founded by Todd Graves in 1996. He is currently the Chairman and CEO of the company. The chain has grown exponentially in recent years, with over 500 locations across 28 states and two countries.
Amit Gupta is the founder of DrFranchises – a digital marketing agency that helps brands rank better on Google Maps through local SEO strategies. Amit has over 11 years of experience in digital marketing, SEO, email marketing, and social media marketing. He’s also the owner of multiple franchises and has helped countless brands achieve success online. When he’s not working, Amit can be found playing with his dog.