Wayback Burgers
Bottom line
- Total investment $256K – $850K including a $35K franchise fee.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated STRONG with a risk score of 54/100. SBA loan default rate of 0.0% across 91 loans (below the industry average).
- System contracting at -11.7% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Wayback Burgers unit return on the cash you put in?
Unlevered ROIC · per unit
18%
Below typical band (30–60%)
Overview
About
Franchisees operate fast-casual burger restaurants featuring made-to-order Angus beef burgers, hand-cut fries, and milkshakes. Day-to-day operations include food prep/assembly, counter service or drive-through transactions, inventory management, staff scheduling, and local marketing to drive traffic and sales.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 26 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Wayback Burgers presents meaningful caution-level risk due to declining unit count, undisclosed financials, unprotected territories, and corporate financial uncertainty masking franchisee profitability and viability.
Score breakdown · what drove the 54 / 100 rating
- 01MEDUnit count declined 3.7% YoY (180 units), indicating system contraction and potential franchisee struggles
- 02MINORNo average revenue or net income disclosure (Item 19) prevents ROI validation and raises transparency concerns
- 03MINORWide investment range ($256K–$850K) suggests inconsistent startup costs and undefined unit economics
- 04MINORUnprotected territory creates direct competition risk from other Wayback franchisees in same market
- 05MINORMinimum $400/week royalty (5% or higher) represents fixed overhead regardless of sales performance
- 06MINOR20-year term is unusually long for QSR franchise with shrinking unit base
- 07HIGHNo going concern status may indicate financial instability at corporate level or inability to support franchisees
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
99 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Wayback Burgers · FDD (2025) PDF