Rank no. 348 – Billy Sims BBQ – US
Products & Services: Quick-service barbecue restaurant
Number of Locations: 36
Total Investment: $169.19K – 433.1K
Began Franchising: 2008
About Billy Sims BBQ
Named for a former college and professional football player, Billy Sims BBQ was started in 2004 and began franchising in 2008. The company is based in Tulsa, Oklahoma, and most of its restaurants are located in Oklahoma and surrounding states.
Arkansas, Michigan, Missouri, Midwest, Oklahoma, Texas.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $30,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Net Worth: $500,000
Liquid Cash Available: $100,000
50% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 15. Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators).
|FINANCING TYPE||IN-HOUSE||THIRD PARTY|