You’ll spot a sign at Cook Out franchise with words like ‘Fresh burgers, BBQ, hot dogs, shakes.’ Cook Out has been a popular fast-food spot in the southeastern United States for over 30 years. Right now, they have more than 334 locations and are still opening more.
You could also reach out to the company on social media and ask if they’re thinking about franchising later on. Sometimes, if lots of people want to franchise, the company might change their plans.
Even though we don’t have the details about how to get a Cook Out franchise yet, we can still give you some basic info about the restaurant’s business. You see, there are lots of chances to join a franchise like Cook Out in the same industry.
Financial Investment Required to Open Cookout Franchise
It is important to state that there are no detailed financial requirements for buying the Cookout franchise and interested investors are advised to contact the restaurant for details. However, if you are ready to buy this franchise, you would require a minimum cash at hand of $100,000.
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Financial Requirements and Fees
Here is a rough estimate of the financial requirements and fees needed to franchise a burger restaurant:
| Fees/Expenses | Financial Amount |
| Liquid Capital | $200,000 |
| Net Worth | $400,000 |
| Total Investment | $310,000 – $615,000 |
| Franchise Fee | $35,000 |
Steps on How to Get a Cookout Franchise
If you are cool with the finance involved in acquiring this franchise, then you would need to follow these steps;
To open a store, just go to the website and fill out the application. Make sure to add your name, address, city, and state. Don’t forget to include your phone number and email address. Lastly, pick how much money you have to invest. That’s it! Easy as pie.
Just wait for an email confirming we got your application and are checking it out. This email will say if you’re approved for the spot or not. Plus, it’ll give more details about the money stuff. After that, you’ll get a call from one of our team to chat more. Easy!
Make sure you’ve got your financial documents handy for your phone chat. That’s when you’ll figure out if you’ve got enough cash to start your store, or if you’ll need a loan. If you do need some financial support, you can even apply for an SBA-preapproved loan before the call.
Note that approval is expected to be quick once you meet the requirements. You should already have a building with all the hookups. After you are approved, the organization will start sending fixtures and merchandise to your building.
You will then be mandated to attend a workshop at the headquarters before the opening of your store.
Average Sales / Revenue per Year
Cook Out’s revenue for the year 2022 was $180 million according to Restaurant Business Online.
Some people think it’s better to have a privately owned business because you can concentrate on making your brand better in the long run instead of worrying about meeting short-term goals every three months. This means you can spend more time trying out new recipes, making operations better, and making sure your business is making enough money, rather than just trying to expand quickly.
Publicly traded companies have to share their financial details like earnings and other data with shareholders and the public every three months. But if a company is privately held, it doesn’t have to share this kind of information with the public.
Also Read: Why This Entrepreneur Went from Independent Business Owner
Cook Out Franchise Facts
| Total Units | 334 |
| Incorporated Name | Cook Out |
| Franchising Since | Does Not Allow Franchising |
| Industry | Restaurant |
| Subsector | Quick Service |