Rib Crib Barbecue
At a Glance
Products & Services: Casual full-service barbecue restaurant
Number of Locations:
Total Investment: $400K - 1.3M
Founded: 1992
Began Franchising: 2000
Private Owned
About Rib Crib Barbecue
In 1992, Bret Chandler remodeled an abandoned home in Tulsa, Oklahoma, turning it into the first Rib Crib restaurant. Though Rib Cribs are no longer located in old homes, they retain the look of a ranch house, complete with Western-themed décor. Rib Crib's menu includes ribs, chicken, ham and appetizers such as potato skins and nachos, available for dining in or catering.Startup Costs, Ongoing Fees and Financing
Total Investment: $400,000 - $1,300,000
Franchise Fee: $35,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $35,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $1,000,000
Liquid Cash Available: $250,000
Operations
Number of employees needed to run franchised unit: 50. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: 8-12 weeks. In-store training : 8-10 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, Regional advertising,
Other marketing support: Graphic design
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