News

Wayback Burgers going public

Wayback Burgers is going public and has tapped the Oxford Center for Entrepreneurs to manage and lead its projected 2016 initial public offering.

September 29, 2015

Wayback Burgers is going public and has tapped the Oxford Center for Entrepreneurs to manage and lead the projected 2016 initial public offering, according to a company press release.

Wayback Burgers opened in 1991, and focuses on developing in non-traditional units located in Major League stadiums, Walmart’s and naval bases. Due to strong and growing demand for the brand domestically and around the world, Wayback Burgers retained the Oxford Center for Entrepreneurs earlier this year to complete a strategic alternatives growth study, according to the release. Given Wayback Burgers' 125 locations to be open by the end of 2015, and 350 stores already in development worldwide, the Oxford Center for Entrepreneurs recommended an initial public offering as the best strategic move to accelerate franchisee growth.

"We are pleased to announce our relationship with the Oxford Center for Entrepreneurs," said John Carter, founder and CEO of Wayback Burgers. "With strong and steady debt-free growth, locations in 22 states, new locations opening at a rate of two per month, in addition to an international development schedule in 32 countries, now is the right time for Wayback Burgers to explore all growth opportunities. The Oxford Center for Entrepreneurs' knowledge, passion and creativity in the entrepreneurial experience have already been an invaluable asset to Wayback Burgers."