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Back Yard Burgers history
Back Yard Burgers company history timeline
What started as a premium quality burger sold in a grocery store in Cleveland, Mississippi in 1987 quickly caught fire.
By the end of 1988, the company owned one unit and franchised 11 units; these garnered revenues and royalties of $561,000 that year.
1988: First franchise opens in Greenville, Mississippi.
Back Yard Burgers' success attracted several private investors and, in January 1990, the company relocated to Memphis where it planned to develop into a major market area.
Seeking to Build Critical Mass in Major Markets Following 1993 IPO
Back Yard Burgers prepared to take the company public in mid-1993.
1993: Initial public offering funds expansion, television advertising.
By the end of 1994, Back Yard Burgers owned and operated 26 units, while franchisees operated 39 units.
A store in Boone, North Carolina, added indoor seating in 1994, resulting in a 165 percent increase in sales.
Overall revenues of $22.7 million in 1995 garnered a net loss of $3 million.
Back Yard Burgers went public on the NASDAQ Market in 1997.
In January 1998 a new series of radio commercials featured the voice of John Hurley, who played J. Peterman on the popular television sitcom "Seinfeld." By November Back Yard Burgers had converted two-thirds of the company-owned and franchised stores.
By 1999 the company reinvigorated plans for franchise development agreements throughout the mid-south.
Franchises paid $1.7 million in royalty fees on $42.3 million in revenues with ten new units opened in 2000.
Michael’s bet came years before McDonald’s added sweet tea to its nationwide menu in 2006.
In 2007, Michael sold his company for $38 million to a group of investors led by former Shoney’s chairman C. Stephen Lynch, and the company’s headquarters was relocated to Nashville.
There were 180 Backyard Burgers at the time of Michael’s sale in 2007.
Back Yard Burgers locations shuttered across the country, and falling profits led to a literal fight breaking out in the Nashville boardroom in 2012.
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Back Yard Burgers competitors
| Company Name | Founded Date | Revenue | Employee Size | Job Openings |
|---|---|---|---|---|
| Sonic Drive-In | 1953 | $423.6M | 5,000 | 9,727 |
| Burger King | 1954 | $2.3B | 34,248 | 1,197 |
| Firehouse Subs | 1994 | $695.0M | 2,000 | 2,148 |
| Wendy's | 1969 | $2.1B | 12,500 | 12,975 |
| Sizzler Usa | - | - | - | 145 |
| Qdoba | 1995 | $437.2M | 16,000 | 1,031 |
| M&N Foods Inc | - | $260.0M | 550 | - |
| Delaware North | 1915 | $3.2B | 55,000 | 1,428 |
| PDQ | 2011 | $32.0M | 565 | 98 |
| sweetgreen | 2007 | $470.1M | 1,340 | 466 |
Back Yard Burgers history FAQs
Zippia gives an in-depth look into the details of Back Yard Burgers, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Back Yard Burgers. The employee data is based on information from people who have self-reported their past or current employments at Back Yard Burgers. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Back Yard Burgers. The data presented on this page does not represent the view of Back Yard Burgers and its employees or that of Zippia.
Back Yard Burgers may also be known as or be related to Back Yard Burger, Back Yard Burgers, Back Yard Burgers Inc, Back Yard Burgers, Inc. and Pf2by Holdings, Inc.