Ruby Tuesday Restaurant
Step 1: Complete a Franchise Application and Financial Statement
The application provides us some of the details of your liquid assets and net worth per store for the required multi-restaurant franchise locations.
Step 2: Personal Meeting in a Ruby Tuesday Restaurant
After we have reviewed your application, our Regional Vice President of Franchise Development (RVP) will meet with you to introduce the Ruby Tuesday brand while learning more about your needs and desires through a series of questions. At your initial meeting, you will be given a copy of our Uniform Franchise Offering. (UFOC)
Step 3: Complete Due Diligence
After the initial meeting, both parties will dig into the details of the possibilities. The RVP will provide detailed information on Ruby Tuesday (past, present and future) along with our expectations for development of the marketplace. The RVP will also set up time for the operator to be interviewed by our operations department and schedule time to answer any questions on the UFOC. You will:
1. Submit detailed financial statements and/or afford Ruby Tuesday the opportunity to review financials with your agents.
2. Identify and secure the services of an operator for the successful development of the marketplace.
3. Speak with existing franchisees to learn more about our brand and the possibilities.
4. Create a business plan (including a market development plan) for development of our brand in identified territory.
Step 4: Partnership Day
You will be introduced to our unique and powerful culture and learn more about our franchise program and the support you will receive. You will meet our Founder/CEO, the President of Franchise and other members of the Ruby Tuesday executive team who will discuss your market development plan questions you have regarding the Ruby Tuesday brand, the UFOC and any other matters.
Step 5: Executive Committee Approval and Document Preparation
The Executive Committee will review all submitted information and determine whether to proceed with a franchise relationship with you and your associates. If favorable, a timeline and terms will be agreed upon and franchise documents prepared for your review.
Step 6: Celebration Day
A date will be set for the official signing of your Development and Operating Agreements.
