Waffle House is a very successful company. We are debt free and are growing rapidly. We are growing at a rate of 6% this year. We are seeking quality people who are looking for a career with a successful company with desire for growth and development. We are not looking for people to just stay at the unit level. We need to find great people with the capacity to do more.
There are 5 major levels of management:
Unit Manager - $54,500 average income - 1 unit
District Manager - $73,500 average income - 3 units
Division Manager - $90,000 average income - 9 units
Area Vice President – 25 - 40 units
Senior Vice President - 80-120 units
All Waffle House managers are home grown. We only promote from within. If you cannot run one unit, then you probably cannot run three.
There are great benefits for working at Waffle House. Managers receive 3 weeks of paid vacation per year, health, dental, and life insurance, and participation in the stock program. Our stock program is by far our best benefit. Our stock has an average return rate of 10%. It is privately held, therefore does not fluctuate with the stock market. After 1 year of employment you are eligible to invest up to 10% of your salary into the stock program. However effective Day 1 of your employment with Waffle House the company grants you a stock option of approximately $13,000. Every year you will receive another lump sum option into your account. However, you have to stay with the company in order to reap the benefits due to the fact that the stocks vest in 5-9 years. It is normal to hire an individual as a manager, work for the company for 20 years, and retire a millionaire due to stock. It all depends on how serious you are about your career.
All managers are subjected to an intense 12-week paid training program. During that time, they are taught every aspect of operating a Waffle House, from waiting tables, to cooking, to analyzing the P&L statement. All managers are responsible for staffing, inventory control, sales, profits and more. You would need to run the unit with an ownership mentality. The challenge is coming in and building a team that you are proud of.