Difficulty: Moderately Challenging
Step1
Research the financial requirements that all franchisees must adhere. There are strict rules as to what kind of experience an owner/operator must have as well, like general business experience, restaurant experience and marketing experience.
Step2
Update your resume and personal financial statements. Your resume needs to list all relevant experience. You will use your financial statements to show your liquid assets and your net worth, as these are important qualifiers to buying a Back Yard Burgers franchise.
Step3
Scout out potential locations. You need to know all the demographics in the area you want to develop.
Step4
Send an inquiry to the franchise development coordinator. They'll want to know financial details as well as your experience, so after they respond to your inquiry, send them your statements and resume.
Step5
Find lenders that offer franchise financing. If approved to start your franchise, you'll need to a lender to loan you money for startup. Back Yard Burgers may set you up with a lender if you can't find one.