|
Wayback Burgers Franchise ProfileRestaurant Franchises > Quick-Service Restaurants |
What is the Initial Investment for a Wayback Burgers Franchise?
To open a Wayback Burgers franchise, you should anticipate an initial investment ranging from $256,000 to $850,000. This includes a franchise fee of $35,000. It's essential to ensure you have the necessary cash on hand, as the required cash ranges from the lower to the higher end of the investment spectrum. Additionally, you must meet a net worth requirement of between $500,000 and $1,000,000 to qualify for franchise ownership.
What are the Ongoing Fees for Wayback Burgers Franchisees?
Wayback Burgers franchisees are subject to ongoing fees that include a royalty fee of 5% of gross sales and a marketing fee of 2%. These fees are critical for maintaining brand standards and supporting local and national marketing efforts. Understanding these costs is vital for budgeting and ensuring your franchise remains profitable in the long term.
What are the Revenue Potential and Breakeven Timeline for Wayback Burgers?
The average annual revenue per unit for Wayback Burgers is approximately $500,000, with a range from $400,000 to over $1 million. Franchisees can expect to reach breakeven within about 18 months and pay back their initial investment in approximately 36 months. This timeline can vary based on location, management efficiency, and market conditions, making it essential to assess your specific situation thoroughly.
How Many Units Does Wayback Burgers Currently Operate?
As of 2023, Wayback Burgers operates a total of 159 units, with 158 being franchised and only 1 corporate-owned unit. The growth trend shows an increase in franchised units from 142 in 2021 to 158 in 2023, indicating a strong demand for the brand and potential opportunities for new franchisees looking to enter the market. Understanding the expansion trajectory can help you gauge the brand's stability and growth potential.
Wayback Burgers Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
The minimum total assets (minus liabilities) you must possess.
Net Worth Required:
The estimated period to recoup your total investment.
Investment Payback:
The initial fee paid to join the franchise system.
Franchise Fee:
Ongoing percentage of revenue paid to the franchisor.
Royalty Fee:
Regular contribution toward the franchise’s advertising fund.
Marketing Fee:
The estimated timeframe to recover your initial costs.
Breakeven Time:
The total amount required to launch the franchise.
Initial Investment:
The minimum liquid capital you must have on hand.
Cash Required:
The typical yearly revenue generated per franchise location.
Average Revenue:
The middle value of yearly revenue among franchise locations.
Median Revenue:
The largest reported annual revenue among franchisees.
Highest Revenue:
The smallest reported annual revenue among franchisees.
Lowest Revenue:
A broad sector defining similar types of franchise businesses.
Industry:
A more specific division within the broader industry.
Category:
The key individuals guiding the franchise’s strategy and growth.
Leadership:
The official business address of the franchisor’s headquarters.
Corporate Address:
Available financing options to help start the franchise.
Funding Year:
The main organization that owns the franchise brand.
Parent Company:
Wayback Burgers Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
| Units | 2021 | 2022 | 2023 |
|---|---|---|---|
| Total Units | 145 | 148 | 159 |
| Net Change YoY | 3 | 11 | |
| Franchised Units | 142 | 146 | 158 |
| Net Change YoY | 4 | 12 | |
| Corporate Units | 3 | 2 | 1 |
| Net Change YoY | -1 | -1 |
Company Background
Wayback Burgers is a fast-casual restaurant chain that specializes in gourmet burgers, fresh-cut fries, and hand-spun milkshakes. Founded in 1991, Wayback Burgers has grown to over 150 locations across the United States. The brand prides itself on using high-quality ingredients and offering a customizable menu that caters to a variety of tastes, ensuring a satisfying dining experience for every guest.
Franchise Opportunity
Investing in a Wayback Burgers franchise presents an exciting opportunity for aspiring entrepreneurs. With a low initial investment ranging from $256,000 to $850,000 and a strong support system, franchisees can tap into a growing market in the fast-casual dining sector. The brand's proven business model and increasing popularity position franchisees for potential success in their local communities.
Financial Requirements
To become a Wayback Burgers franchisee, candidates must meet certain financial criteria. An initial franchise fee of $35,000 is required, along with a net worth ranging from $500,000 to $1,000,000. Franchisees should also prepare for ongoing royalty fees of 5% and a marketing fee of 2%, which contribute to the brand's collective growth and visibility.
Performance Metrics
Wayback Burgers has demonstrated strong financial performance, with average annual revenue per unit reported at approximately $500,000. Franchisees can expect to break even within 18 months and achieve a return on their investment in about 36 months. The brand's revenue range varies significantly, with some units generating as much as $1,054,017 annually.
Growth Trajectory
The growth of Wayback Burgers has been consistent, with an increase in franchised units from 142 in 2021 to 158 in 2023. This upward trend reflects the brand's expanding footprint and the increasing demand for quality fast-casual dining options. The steady addition of new locations highlights the franchise's potential for continued success and market penetration.
Operational Support
Wayback Burgers offers comprehensive support to its franchisees, including training programs, marketing resources, and operational guidance. The franchise system is designed to equip owners with the tools necessary to succeed, from site selection to day-to-day operations. This support structure helps franchisees navigate challenges and optimize their business performance, fostering a collaborative and successful franchise community.
Frequently Asked Questions
The initial investment for a Wayback Burgers franchise ranges from $256,000 to $850,000. This includes the franchise fee, equipment, and other startup costs.