At Wayback Burgers we want you to have a smooth process when becoming a franchisees. We are here to guide you step by step through the franchise process to achieve your entrepreneurial goals. Starting from the first time you went to our website to the day you sign your franchise agreement our team will be by your side. Once your franchise agreement is signed you then have access to a full training and support team as you step into your new role as franchisee. We can’t wait to learn more about you!
Initial Phone Conversation –
On this call we will have our initial introduction and to learn more about each other. For example, we may talk about things like what are you looking for in a franchise? What are your goals? Why are you considering Wayback Burgers? And make the initial assessment if you’d like to continue in the Discovery process.
Attend Discovery Day
This day is a 2hr comprehensive presentation of the franchise opportunity. You will learn more about the mission of Wayback Burgers and what we stand for. You will hear from different department leaders on our menu, construction, and real estate assistance, training and support, and marketing. This is one of the most important steps in the franchise process.
Complete Financial Qualification Form
Minimum cash requirement is $200,000. This is important to make sure you are prepared to go through each phase of opening and running your new restaurant and to secure financing later on. The average total project cost for a 1600-1800 sqft restaurant is $500,000-$600,000.
Receive the FDD (Franchise Disclosure Document) through DocuSign and acknowledge receipt of the document
There is a 14-day holding period, standard for the franchising industry.
Fill out Discovery Day Questionnaire
This questionnaire helps us determine the your fit for becoming a Wayback Burgers franchisee and cover some of the basic requirement questions to qualify as a franchisee.
Executive Review Board Approval
Our executive team will review your application and determine if you are the right person to become a Wayback Burgers franchisee based not only on financial requirements being met but more importantly how your values align with Wayback Burgers.
Submit & Verify Proof of Funding
We will ask you to share documents showing that you have access to the minimum liquidity. If everything looks good, we will then do our due diligence with an asset verification, credit check, and background check. There are a few ways you can receive funding. Read more about the options here: “Franchise Opportunities Funding”.
Talk with current franchisees about their experience
This is the best way for you to find out what it’s like to be in the franchisees shoes. In the 2023 Franchise Business Review Survey 94% of new franchises see strong long term growth opportunity for their restaurant.
FDD Review. Consult your attorney with any questions about the FDD
It’s recommended that you have your own set of eyes review the FDD to be sure you understand what’s in it.
Submit a Corporate Name
You are almost to the finish line. This name is what you will have your documents under and can be the name of your choice. Please note your corporate name cannot contain the word Wayback in it.
Receive reviewable copy of the Franchise Agreement through DocuSign and acknowledge receipt to start the 7-day waiting period
After the 7-day waiting period has commenced, you will receive the executable Franchise Agreement where you pay the Initial Franchise Fee.
Welcome to the Wayback Family!
We are EXCITED you are here! The franchise process to becoming a Wayback Burgers franchisee is complete. We will reach out to schedule an introductory call to welcome you and get started with our real estate team. You will also have a quick interview with the Director of Franchise Development Marketing for us to announce our new partnership.