Wingstop Franchise
Friday, April 30, 2010 at 12:21AM Chicken wings restaurant and takeout
In response to the increasing popularity of buffalo-style chicken wings, Antonio Swad founded Wingstop in 1994. In 1998, the privately owned company began franchising. It has more than 19 stores in operation, with several others in development throughout the southern United States. Wingstop is based in Garland, Texas.
Start-up Costs & Franchises Fees
What is the total cost to open a Wingstop Franchises?
Total Cost: $311,500-$538,000 USD
Total Franchise Fees: $10,000 USD -$16,500
Ongoing Royalty Fees: 5%
Ongoing Advertising Fees: Not Available
Term of Agreement: 10 years
Contact Information for Wingstop
|
Wingstop Restaurants Inc. |
Phone Number: (972)686-6500 |
Wingstop In the Press
No results at this time.Historical Expansion
In what year did Wingstop begin operations? 1994
When did Wingstop begin selling franchises? 1998
Year United States Canada International Corporate 2005 225 0 0 6 2004 200 0 0 6 2003 113 0 0 2 2002 65 0 0 2 2001 31 0 0 1
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No Yes Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No Yes Payroll No Yes 3rd Party Financing Available? Financing Source(s): the SBA
Training & Support
Support
Meetings, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, Regional advertising support
Franchise Operation Restrictions
20% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 8 - 10
Absentee ownership of franchise is allowed. (95% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes