|
Below is an in-depth analysis and side-by-side comparison of Rib Crib Barbecue vs Virginia Barbeque including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $400,000 - $1,300,000 | $81,500 - $221,500 |
Franchise Fee | $35,000 | $15,000 |
Royalty Fee | 4% | 6% |
Advertising Fee | - | - |
Year Founded | 1992 | 2000 |
Year Franchised | 2000 | 2004 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 10 years |
Renewal Fee | $5K-10K | - |
Business Experience Requirements |
||
Experience | ||
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | Yes/No |
Start-up Costs | No/Yes | No/No |
Equipment | No/Yes | No/No |
Inventory | No/Yes | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
Marketing | Co-op advertising, Ad slicks, Regional advertising | Co-op advertising, Regional advertising |
Operations |
Number of employees needed to run franchised unit: 50 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 6
Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | No |
International Expansion | No | No |
In 1992, Bret Chandler remodeled an abandoned home in Tulsa, Oklahoma, turning it into the first Rib Crib restaurant. Though Rib Cribs are no longer located in old homes, they retain the look of a ranch house, complete with Western-themed decor. Rib Crib's menu includes ribs, chicken, ham and appetizers such as potato skins and nachos, available for dining in or catering.
Richard Ivey, the founder of Virginia Barbeque, has been a Certified Executive Chef since 2003, with over 30 years of experience in the restaurant industry. Richard's goal was to create a business that would not only create his success, but create a business that he could share to help others do the same. His desire for "success larger than life" compelled him to create the Virginia Barbeque franchise system. Richard also wanted to create a lifestyle that worked for owners, staff and customers. Operational hours are generally from 11 a.m. to 9 p.m. Our model has been specifically designed to be family friendly to our customers and the franchise owner. Virginia Barbecue offers financial opportunity, freedom, and quality of life to those who desire success while offering a superior product to consumers.