Back Yard Burgers Inc.
At a Glance
Products & Services: Hamburgers & chicken sandwiches
Number of Locations:
Total Investment: $1000K - 2M
Founded: 1986
Began Franchising: 1988
Public Owned
About Back Yard Burgers Inc.
In 1986, supermarket owner Lattimore Michael was bored with his business. After reading an article about restaurants with a double drive-thru, he knew what he wanted to do–start the same kind of restaurant. In 1987, the first Back Yard Burgers opened in Cleveland, Mississippi. There are now locations throughout the South and Midwest.Back Yard Burgers cooks 1/3-pound specialty hamburgers and ¼-pound chicken sandwiches with toppings ranging from hot pepper sauce to grilled pineapples. In 1999, Back Yard Burgers was named the exclusive food concessions operator for the Memphis Zoo. Visitors can order hamburgers and other favorites at two cafes and from carts throughout the zoo.
The company went public in 1993 under the symbol BYBI on the NASDAQ market.
Startup Costs, Ongoing Fees and Financing
Total Investment: $1,000,000 - $2,000,000
Franchise Fee: $25,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $25,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $750,000
Liquid Cash Available: $500,000
Operations
60% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 35. Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators).How This Franchise Supports Franchisees
Training: Available at headquarters: 6 weeks. At franchisee's location: 2 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Other marketing support: LMS consultant
Franchise Ranking History
Franchise 500®: #228 (2008),
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