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Walk-On’s Bistreaux & Bar Franchise Costs $1.3M – $5M (+ 2024 Profits)

Walk-On’s Sports Bistreaux was founded in 2003 by Brandon Landry and Jack Warner, two former LSU basketball walk-ons who shared a vision of creating a restaurant that combined their love for sports and quality food. Headquartered in Atlanta, Georgia, Walk-On’s has grown into a renowned sports bar and restaurant chain known for its Louisiana-inspired menu and vibrant atmosphere. The brand started franchising in 2014, expanding its footprint across the United States.

Walk-On’s offers a unique dining experience with its from-scratch dishes, including fresh seafood, burgers, salads, and Cajun/Creole specialties. The restaurant prides itself on providing a welcoming environment that feels like home, with an emphasis on community involvement and support.

Walk-On’s differentiates itself from the competition through its commitment to culinary excellence, a fun and engaging atmosphere, and strong ties to local communities, often sponsoring youth sports and hosting fundraising events for schools. Co-owned by NFL star Drew Brees, Walk-On’s has established itself as a go-to spot for sports fans and families alike, combining wall-to-wall TVs, extensive beer taps, and craft cocktails with a menu that caters to a variety of tastes.

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Initial investment

Note: The table above provides a snapshot of the main costs associated with starting the most common franchise format (as disclosed in the Item 7 of the Franchise Disclosure Document). For a complete overview of all the expenses involved with the various formats offered by the franchisor, please consult the Franchise Disclosure Document.

Franchise fees & Royalties

Initial Franchise Fee

The initial franchise fee for a Walk-On’s Restaurant is $60,000. This fee is non-refundable and is due in full upon signing the Franchise Agreement.

Royalty Fee

The royalty fee is 5% of Gross Sales. This fee is payable weekly.

Marketing/Advertising Fee

The advertising fee includes a system advertising contribution of 2% of Gross Sales, payable weekly. There is also a local advertising requirement of 2% of Gross Sales.

Lease or Rent Fee

Lease or rent fees vary significantly based on location, terms of the lease, and other factors. Typical expenses for leased real property are part of the estimated initial investment, ranging from $110,000 to $130,000.

Transfer Fees

The transfer fee is one-half of the then-current initial franchise fee, currently $30,000.

Renewal Fees

The renewal fee is 25% of the then-current initial franchise fee, payable upon renewal of the franchise agreement.

Management Fees

In the event of the franchisee’s death or disability, the management fee is the greater of twice the salary paid to the individual(s) assigned to operate the restaurant or 10% of the restaurant’s weekly Gross Revenue.

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How to open

1. Initial Inquiry

  • Visit the Walk-On’s Bistreaux & Bar franchise information page.
  • Fill out the initial inquiry form to express interest in becoming a franchisee.
  • A representative from the franchise development team will contact you to discuss your interest and provide additional information.

2. Review Franchise Disclosure Document (FDD)

  • Upon expressing interest, you will receive the Franchise Disclosure Document (FDD).
  • Review the FDD thoroughly to understand the financial requirements, obligations, and details about the franchise opportunity.
  • The FDD includes information on initial fees, ongoing royalties, marketing fees, and other financial commitments.

3. Financial Requirements

  • Ensure you meet the financial requirements to open a franchise. This typically includes:
    • A minimum net worth of $1.5 million.
    • Liquid assets of at least $500,000.
  • Be prepared to invest approximately $1.2 million to $3.1 million for initial setup and development.

4. Site Selection and Approval

  • Work with the Walk-On’s real estate team to identify and secure a suitable location.
  • The location should meet specific criteria regarding size, visibility, and accessibility.
  • The proposed site must be approved by Walk-On’s corporate team.

5. Franchise Agreement

  • After site approval, sign the franchise agreement.
  • This legally binding document outlines the terms and conditions of your franchise ownership.
  • Pay the initial franchise fee upon signing the agreement.

6. Training and Support

  • Attend the comprehensive training program provided by Walk-On’s.
  • Training covers all aspects of operating a Walk-On’s franchise, including management, operations, and marketing.
  • Continuous support is provided, including marketing assistance, operational support, and regular field visits.

Disclaimer

Disclaimer: This content has been made for informational and educational purposes only. We do not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the information presented in the article. You should not construe any such information or other material as legal, tax, investment, financial, or other professional advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.

All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial and/or legal advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.

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