Dickey’s Barbecue Pit was established in 1941 by Travis Dickey, a World War I veteran, to offer real slow-smoked barbecue. The franchise began expanding in 1994 and has since grown to over 450 locations globally.
Headquartered in Plano, Texas, Dickey’s Barbecue Pit has been enhancing its operational base to support the growing franchise network. This strategic positioning supports the brand’s widespread presence and assists in managing its expansion efficiently.
Dickey’s Barbecue Pit’s unique way of blending traditional barbecue methods, such as on-site hickory wood smoking, with a diverse menu that fits modern tastes is why most people love the brand. The franchise also offers dine-in, delivery, and takeout options to meet modern consumer demands while maintaining the authenticity of its rich, smoky flavors.
Number of locations
Here’s how many Dickey's Barbecue Pit there are in the US today.
TOTAL UNITS 485 |
FRANCHISED UNITS 475 |
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Dickey's Barbecue Pit | |
FRANCHISE FEE | $20,000 |
ROYALTY FEE | 6.00% |
INITIAL INVESTMENT | $182,000 – $466,000 |
AVERAGE REVENUE | $257,000 |
Initial investment
Here’s what you can expect to spend to start a Dickey's Barbecue Pit franchise.
Note:The table above provides a snapshot of the main costs associated with starting the most common franchise format (as disclosed in theItem 7of the Franchise Disclosure Document). For a complete overview of all the expenses involved with the various formats offered by thefranchisor, please consult the Franchise Disclosure Document.
Franchise fees & Royalties
Here are the main ongoing fees the franchisor will ask you to pay going forward to run the franchise.
Initial Franchise Fee
Dickey’s Barbecue Pit charges an initial franchise fee that varies by restaurant type: $20,000 for a Traditional Restaurant and $15,000 for a Non-Traditional Restaurant or Delivery-Carryout Restaurant. This fee is due in full when signing the Franchise Agreement. Discounts may apply under certain conditions, such as for first responders and veterans or when purchasing an existing restaurant.
Royalty Fee
Franchisees pay a Royalty Fee of 6% of Net Sales weekly. This fee supports ongoing services and brand standards maintenance provided by the franchisor.
Marketing Fund
Franchisees contribute 3% of Net Sales to the Marketing Fund each week. This fund finances national and regional advertising efforts that benefit all franchisees.
Technology Support Fee
The Technology Support fee, which covers essential cybersecurity services and technology support, ranges between $251 and $304 monthly and is adjusted based on the purchase or lease of required equipment.
Transfer
Dickey’s charges a Transfer Fee of the greater of $15,000 or actual costs incurred during the franchise transfer process, payable five days before transfer completion. This fee may be waived or reduced for transfers to entities controlled by the franchisee or under distressed circ*mstances.
Renewal
To renew a franchise agreement, Dickey’s requires a $15,000 Renewal Fee, due five days before the renewal term begins. This fee secures an additional 10-year franchise term under the Dickey’s brand.
Revenue & Profits
Here’s how much revenue and profits you can make with a Dickey's Barbecue Pit franchise.
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Dickey's Barbecue Pit | |
FRANCHISE FEE | $20,000 |
ROYALTY FEE | 6.00% |
INITIAL INVESTMENT | $182,000 – $466,000 |
AVERAGE REVENUE | $257,000 |
How to apply
Opening a Dickey's Barbecue Pit franchise involves several steps designed to ensure you are a good fit for the franchise. Here are the main steps to follow to open a Dickey's Barbecue Pit franchise.
1. Research the Franchise
- Understand the Brand: Learn about Dickey’s Barbecue Pit’s history, brand values, and market presence.
- Franchise Requirements: Familiarize yourself with the financial and operational requirements to open a franchise.
2. Obtain and Review the Franchise Disclosure Document (FDD)
- Receive FDD: Request the Franchise Disclosure Document from Dickey’s Barbecue Pit, which outlines all the essential details about the franchise.
- Detailed Review: Carefully review the FDD with an attorney or a franchise advisor to understand your obligations, fees, and the franchisor’s commitments.
- Clarify Doubts: Use the information in the FDD to ask informed questions during your discussions with the franchisor.
3. Evaluate Your Eligibility
- Financial Assessment: Review your financial situation to ensure you meet the minimum net worth and liquid capital requirements.
- Experience and Skills: Assess your experience in food service and business management, which can be crucial for successful franchise operations.
4. Submit Your Franchise Application
- Application Process: Complete and submit the franchise application form provided by Dickey’s Barbecue Pit.
- Required Documents: Gather and attach all necessary documentation, such as proof of capital, business plan, and personal identification.
5. Secure Financing
- Funding Options: Explore various financing options, including loans, investments, or franchisor financing programs.
- Cost Analysis: Calculate the total investment needed, including franchise fees, equipment costs, and initial working capital.
6. Find a Suitable Location
- Site Selection: Choose a location that aligns with Dickey’s site criteria, considering factors like foot traffic, visibility, and local competition.
- Lease Negotiations: Work with real estate professionals to negotiate lease terms that are favorable and meet Dickey’s approval.
7. Undergo Training and Development
- Initial Training: Participate in Dickey’s comprehensive training program, which covers operations, management, cooking techniques, and customer service.
- Ongoing Support: Take advantage of continuing education and support offered by Dickey’s to keep your franchise running smoothly.
Disclaimer
Disclaimer: This content has been madefor informational and educational purposes only. We do not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the information presented in the article. You should not construe any such information or other material as legal, tax, investment, financial, or other professional advice. Nothing contained inthis articleconstitutes a solicitation, recommendation, endorsem*nt, advertisem*nt, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.
All content in this article is information of a general nature and does not address the detailed circ*mstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial and/or legal advice, nor does any information in the articleconstitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.