Dickey's Barbecue Pit
Food & Beverage QSRCompany Information
Address
18583 N. Dallas Parkway, Suite 120 DALLAS, TEXAS 75287
Website
Tel
Email
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Franchimp Summary Rating
Higher than 60% of peers
Lower than 22% of peers
Franchise Summary
Description
Dickey's Barbecue Restaurants, Inc. sells franchises to operate, under the name and mark "Dickey's Barbecue Pit", restaurants specializing in freshly prepared barbecue style meats and other food products. We also offer a Development Agreement under which you must develop a specified number of restaurants within a defined geographic area according to a development schedule.
Company Background
Dickey's Barbecue Pit is a family-owned and operated business that sells franchises to operate fast casual restaurants specializing in freshly prepared barbecue style meats and other food products. The company was founded by Travis Dickey, who opened his first restaurant in 1941 after being inspired by the popularity of barbecues at county fairs. In 1948, Travis decided to franchise his concept, which would provide people with an opportunity to own their own successful business while preserving the Dickey family legacy. In 1967, Dickey sold his controlling interest to a group of investors led by John T. Murchison Jr., but he remained involved as chairman until 1971 when he retired from active management of the company. Since then it has been privately held and
Franchise Opportunity
Dickey's Barbecue Pit is a fast casual restaurant that specializes in freshly prepared barbecue style meats and other food products. The problem with most fast casual restaurants is that the food can be hit or miss. You might get something great, but you might also end up with something that's not so great. At Dickey's Barbecue Pit, we make sure that every dish we serve is fresh and delicious. We use only the highest quality ingredients and prepare everything ourselves in-house. Whether you're looking for brisket, ribs, chicken, or sausage, we've got you covered.
Corporate Structure
Dickey’s Barbecue Restaurant, Inc. was formed on March 7, 1994, as a Texas corporation. Their principal place of business is 18583 N. Dallas Parkway, Suite 120, Dallas, Texas 75287.
Investment and Franchisee Fees
The total investment necessary to begin operation of a Dickey’s Barbecue Pit franchised business ranges from $122,179 to $421,244. This includes $17,194 to $41,229 that must be paid to the franchisor or affiliate. If you enter into a Development Agreement for two or more restaurants, you must pay the franchisor a non-refundable development fee of $20,000 for the first restaurant plus a $15,000 deposit for each additional restaurant you agree to develop. The amount due at signing depends on the number of restaurants you agree to develop. The minimum development fee for a Development Agreement is $35,000.
Royalties and Marketing Fees
Royalties : 5.0% - 9.0% of revenue
Earnings Transparency
This Franchise discloses much less information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Franchisee Attrition
This franchise's rate of attrition in 2022
of 4.61%
was
Slightly Higher
than the 4% in the QSR industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Employee Contact Database
| # | Name | Position | Phone Number | Email Address |
|---|
Distribution of Dickey's Barbecue Pit Franchisees
Dickey's Barbecue Pit Franchise System Development in 2023
FAQ
How much investment do I need to start my own Dickey's Barbecue Pit business?
Franchisees typically require at least $82,466 to $645,150 investment to get their Dickey's Barbecue Pit business started
What are the initial franchise fees for Dickey's Barbecue Pit?
Franchisees typically need to pay at least $25,800 in fees directly to Dickey's Barbecue Pit in order to earn the right to launch their business
How much money can I make with a Dickey's Barbecue Pit franchise? What are
the average revenues for a typical Dickey's Barbecue Pit business?
We haven’t done the math on how much revenue a typical
Dickey's Barbecue Pit brings in each year. We estimate that other
franchisees in the Food & Beverage industry generate
$1,201,697 revenue, so we would expect
Dickey's Barbecue Pit to generate a similar amount
How long do I need to commit to running a Dickey's Barbecue Pit unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
The Franchisor's investment costs ranges from
$213,540 to $475,750
which is
Much Lower
than the $0 to $0 average in the QSR industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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