Tag Archives: become a franchisee

Franchise Profile: Dickey’s Barbecue

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Have you been to your local Dickey’s BBQ? Headquartered in Dallas, Texas, Dickey’s Barbecue Restaurants have been serving up some of the most mouthwatering, lip smacking, great tasting barbecue since 1941. Today, Dickey’s are opening up all over North America.

Dickey’s Philosophy

It’s simple: they want to find the right Owner/Operator first. Second, they use their site selection model to find the right location. Then they assist every step of the way in building a great restaurant and setting their operators up for success.

Dickey’s has evolved over the years, changing the public’s perception of barbecue and taking the category mainstream. The Dickey’s restaurant concept is authentic, inviting and well planned. They aim for 1,800 sq. ft. end-cap or free standing locations to maximize the profitability of our stores.

Perks

Each new Dickey’s Owner/Operator will have full advantage of the decades of experience, improvements and upgrades, attention to detail and the high quality standards established and maintained by the Dickey family. The Dickey’s franchise program features:

  • Site location assistance
  • Floor plan design and layout
  • Thorough training in management, operations and marketing
  • Field support and group purchasing power
  • Protected territories
  • Comprehensive accounting procedures
  • Turn key assistance
  • The knowledge and experience to help you succeed

 

Interested in learning more? Check it out here!

 

Funding a Franchise

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If you have decided to become a franchisee, you need funding to get your doors open. Before you proceed, you should know how banks view franchises and what information you will need before approaching the bank for a loan.

 

Banks find loans for those interested in purchasing a franchise more appealing than those looking to start their own business from scratch. Statistically speaking, franchisees are more likely to succeed than the average small business owner: 99% of all franchise operations succeed within a five-year period of time where as 65% of all general businesses succeed in that same five-year time period. Banks view franchisees as having prior history because the entire franchise is already established.

 

If you are going to purchase a franchise and are in need of financial aid, the bank will need as much information as you can possibly provide. In order to grant you the most aid possible, the potential franchisee must provide information about the franchise business you are interested in purchasing, the business plan, his or her financial information, the franchise agreement, and information on the local area.

 

Funding a franchise, while considerably easier than getting a loan for an entirely new business, takes research, time, and planning. Make sure you have all of the proper information before proceeding, and take advantage of any local resources for business owners that are available while you are trying to get your new franchise up and running.

 

To find a franchise that fits your budget, visit a franchise directory such as http://franchisebuy.com.