Dickey's Barbecue Restaurants Inc.: Franchise Profile

Publisher Name :
Date: 16-May-2019
No. of pages: 22

Report Scope:

The scope of this franchise profile report is precise and covers the company's background along with its present performance in the market. The major sections of the profile include: overview, products offered, recent developments and strategies undertaken, challenges faced, business strategy and analysis, and financial information. The report also includes revenue forecasts, presence of franchisee stores, market forecasts and key people of the company.

The report concludes with any other important information about the company and key takeaways.

Report Includes:

- An overview of the franchise profile on Dickey's Barbecue Restaurants Inc.

- Snapshot of major company events since its inception

- Analysis of investment required for a Dickey's Barbecue Pit franchise outlet

- Examination of the market dynamics, competitive environment, business strategies and expansion plans, along with recent developments and key challenges

- Regional breakdown of Dickey's Barbecue Pit outlets in the U.S., and status of company-owned and franchised outlets by number

Summary

Dickey's Barbecue Pit was started by Travis Dickey, in Dallas, Texas. Travis Dickey was fascinated with authentic, slow-smoked barbeque. At first, the menu was limited to pit hams, beef brisket, barbecue beans, potato chips, beer, bottled milk and sodas. In 1967, brothers T.D. Dickey and Roland Dickey took over their father's business and continued serving hickory-smoked signature meats. Dickey's Barbecue Pits grew steadily under the leadership of the Dickey brothers. The company expanded throughout the Dallas/Fort Worth area and quickly became popular for their mouthwatering hickory-smoked barbecue. The company began franchise operations in 1994 due to strong demand from loyal customers for more locations. Today, the company operates more than 500 locations in 44 states in the U.S. and internationally.

The company was one of the fastest-growing restaurant chains in the U.S. between 2010 and 2015, when it grew from 115 locations to more than 500, making Dickey's the country's largest barbecue chain. The company has been adding new locations since then, including 74 in 2016, 88 in 2017 and 72 in 2018.

Dickey's Barbecue Restaurants Inc.: Franchise Profile

Table of Contents

Chapter 1 Dickey's Barbecue Restaurants Inc.
Overview
Background
Analysis of Investment Required for a Dickey's Barbecue Pit Franchise
Recent Developments
Recent Challenges
Franchise Closures and Terminations Lead to a Decline in Store Counts
Financial Analysis
Growth Forecast: Revenue and Number of Restaurants
Business Strategies
Use of Big Data to Drive Restaurant Performance
Expansion Plans
Slow-smoked Meat Is the Cornerstone of the Company's Growth
Low-Price Comfort Food Menu
Market and Competition
Marketing Expenditures
Outlets and Franchisee Information
Overview
Regional Breakdown
Food Menu
Key People
Key Takeaways
Analyst's Credentials

List of Tables
Table 1 : Dickey's Barbecue Restaurants Inc.: Timeline
Table 2 : Dickey's Barbecue Restaurants Inc.: Food Item Details
Table 3 : Estimated Initial Investment for Dickey's Barbecue Pit Franchisee
Table 4 : Growth in Number of Restaurants for Dickey's Barbeque Restaurants, Inc., Through 2024
Table 5 : Dickey's Barbecue Pit System-wide Outlet Summary, 2016-2018
Table 6 : Number of Dickey's Barbecue Pit Outlets in the U.S., by State, 2018
Table 7 : Status of Franchised Outlets in the U.S., by State, 2016-2018
Table 8 : Status of Company-owned Outlets, by State, 2016-2018
Table 9 : Projected Openings, May 31, 2018

List of Figures
Figure 1 : Dickey's Total Unit Count, 2010-2018
Figure 2 : Dickey's Barbecue Restaurants Inc.: Annual Revenue, 2016-2018
Figure 3 : Market Forecast for Dickey Barbeque Restaurants, Inc., 2018-2024
Figure 4 : Advertising and Marketing Expenditures, 2016-2018
Figure 5 : Share of Marketing Fund Expenditure, by Dickey's Barbecue Pit
Figure 6 : Dickey's Barbecue Pit System-wide Outlet Summary, 2016-2018
Figure 7 : Number of Outlets, by U.S. Region, 2018
Figure 8 : Share of Outlets, by U.S. Region, 2018
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