Virginia Barbeque
Barbecue- 2023 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$82K - $222K
- Units as of 2014
-
7
Company Overview
About Virginia Barbeque
Industry | Food |
---|---|
Related Categories | Miscellaneous Quick-Service Restaurants, Miscellaneous Full-Service Restaurants |
Founded | 2000 |
Leadership | Richard Ivey, CEO |
Corporate Address |
1814 Country Rd. Beaverdam, VA 23015-9567 |
Business Overview
Franchising Since | 2004 (19 years) |
---|---|
# of employees at HQ | 4 |
Where seeking |
This company is offering new franchisees in the following US states: This company is offering new franchisees in the following international regions: |
# of Units | 7 (as of 2014) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Virginia Barbeque franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$25,000 |
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Initial Investment
|
$81,500 - $221,500 |
Net Worth Requirement
|
$100,000 |
Cash Requirement
|
$30,000 |
Veteran Incentives
|
$5,000 off franchise fee |
Royalty Fee
|
6% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Virginia Barbeque has relationships with third-party sources which offer financing to cover the following: equipment |
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 1 week |
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Classroom Training | 2 weeks |
Ongoing Support |
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
|
Marketing Support |
Co-op Advertising
National Media
Regional Advertising
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
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Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
# of employees required to run | 6 |
Are exclusive territories available?
|
Yes |
Interested in ownership opportunities like Virginia Barbeque? Request a free consultation with a Franchise Advisor now.
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