Kentucky Fried Chicken is Born After closing the restaurant in 1952, Sanders devoted himself to franchising his chicken business. He traveled across the country, cooking batches of chicken from restaurant to restaurant, striking deals that paid him a nickel for every chicken the restaurant sold. His first franchise sale went to Pete Harman of Salt Lake City. In 1964, with more than 600 franchised outlets, he sold his interest in the company for $2 million to a group of investors.