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| Serving The World A Great Taste Of Life ® |
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Domestic Franchise
Qualifications and Approval System
Preferred Criteria:
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Minimum 5 years
experience in casual dining (or fast casual) as
owner/operator
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Minimum 5
restaurants owned
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Minimum fixed
charge coverage of 1.35x on a unit level basis
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Maximum debt to
cash flow less than or equal to 8.0x
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Minimum total equity greater than or equal to 20%
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Minimum net worth
greater than or equal to $500K per acquired restaurant
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Minimum liquidity greater than or equal to $400K per restaurant to be developed
(i.e. cash reserves)
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Required Documentation and Procedures:
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Completed
franchise application
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Most recent two years' financial statements (balance sheet, income statement, and cash flow statement, including principal payments on long-term payables) for persons and legal entities *
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Credit, business
and personal references
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Balance sheet,
P&L, cash flow statement per existing unit
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Personal guaranty
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Comprehensive
detailed business plan for 1-5 years out
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Satisfactory
pro-forma P&L for first Chili's unit and
satisfactory unit level profitability for Chili's
restaurants within country/territory
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Satisfactory
visit(s) by franchise operations director or other
Brinker representative to assess existing restaurant
operations
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Presentation by
franchise partner with Q&A session at Brinker
headquarters with Brinker "Executive Committee"
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Approval sign-off by Brinker Executive Committee
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Franchise Partner Profile:
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Have a proven
track record of aggressively developing multi-unit
restaurant systems
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Have an
infrastructure dedicated to the development of our
brand
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Have local
knowledge and expertise in the areas of consumer
preferences, real estate, government regulations,
labor, and distribution issues
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Have access to
adequate capital, such that losses sustainable for 2-3
year period while continuing to develop additional
units
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Philosophically aligned
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Learn
the answers to
your questions about Brinker Franchise Qualifications by visiting our FAQs Page
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