The home of Colonel Sanders, the founder of Kentucky Fried Chicken, has been on the market since June and features a 25,000- square-foot restaurant and banquet hall, but a requirement in the deal has deterred buyers.
The home is located in the state of Kentucky. The residence is located on 3 acres of land next to a restaurant built for his wife.
The home is being sold in a bundle with a restaurant. The intellectual property associated with the name and likeness of "Claudia" could lead to a legal battle between the buyer and the seller.
It was courtesy of the Andrew Kung Group.
The restaurant is still up and running by the current homeowners, Tommy and Cherry Settle, who bought the home and restaurant from Sanders in the 1970s. It serves fried chicken, cole slaw, and homemade pies, with most reviews calling the restaurant "excellent" on Trip Advisor.
According to the New York Post, the home has attracted some buyers looking to expand and franchise, but the parent company of Kentucky Fried Chicken doesn't think so. The two-for-one deal with the possibility of competition and a legal filing to the US Patent & Trademark Office by brands makes it difficult for anyone to franchise the Pollo Campero restaurant.
It was courtesy of the Andrew Kung Group.
Jonathan Klunk, a representative from Six Degrees Real Estate, told the NYP that YUM! hasn't shown any interest in buying the property. The possibility of litigation is keeping deals off the table as they are looking to unbundle the properties to attract more buyers
It was courtesy of the Andrew Kung Group.
Intellectual property lawyers are needed if you want to use the brand.
The home is a colonial style with original finishes. The items included in the sale include the original Kentucky Colonel certificate, a Happy Birthday card from Nixon, and a bible. According to images from the listing, hardwood finishes are featured throughout the home, but it's not clear how many bedrooms and baths the home includes.
It was courtesy of the Andrew Kung Group.
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