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Wing-Stop Restaurants. background info- Wingstop was founded in 1994 in Garland, Texas. It began offering franchises in 1998.
Since then, Wingstop has grown into a chain with more than 650 restaurants either open or in development.[1] The chain has its headquarters in Dallas, Texas. Wingstop is ranked at 77 on the top 500 franchises. It was privately owned until it began franchising.
Industry- Food industry
Cost and fees and Qualifications-
Startup Costs, Ongoing Fees and Financing
Total Investment: $211,638 - $650,540
Franchise Fee: $30,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: $15,000 off first-store franchise fee
FINANCIAL REQUIREMENTS
Net Worth: $400,000
Liquid Cash Available: $200,000
Training and Support-
Training: Available at headquarters: 4 weeks. At franchisee's location: 1 week & as needed.
Ongoing Support: Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,
Product- the items that are sold are different types of chicken wings. From on the bone to boneless and also comes in chicken strips. You can download am app and order it off that or go in and order. They dont deliver so everything is based off pick up.
Location- In the U.S there is 617 franchises and international there are 28 different franchises. The majority of the Wingstops are in Texas. If i were to open up a wingstop I would be sure to open it in Texas. Probably a smaller area of Texas that wouldn't have one. Why I would do this is so i keep the business in Texas , While spreading it into smaller towns.
Since then, Wingstop has grown into a chain with more than 650 restaurants either open or in development.[1] The chain has its headquarters in Dallas, Texas. Wingstop is ranked at 77 on the top 500 franchises. It was privately owned until it began franchising.
Industry- Food industry
Cost and fees and Qualifications-
Startup Costs, Ongoing Fees and Financing
Total Investment: $211,638 - $650,540
Franchise Fee: $30,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: $15,000 off first-store franchise fee
FINANCIAL REQUIREMENTS
Net Worth: $400,000
Liquid Cash Available: $200,000
Training and Support-
Training: Available at headquarters: 4 weeks. At franchisee's location: 1 week & as needed.
Ongoing Support: Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,
Product- the items that are sold are different types of chicken wings. From on the bone to boneless and also comes in chicken strips. You can download am app and order it off that or go in and order. They dont deliver so everything is based off pick up.
Location- In the U.S there is 617 franchises and international there are 28 different franchises. The majority of the Wingstops are in Texas. If i were to open up a wingstop I would be sure to open it in Texas. Probably a smaller area of Texas that wouldn't have one. Why I would do this is so i keep the business in Texas , While spreading it into smaller towns.