Wingstop franchise costs
- One-time costs Initial investment: The initial investment will vary significantly based on your location and the type of restaurant you want to open. The average investment is around $390,000, but this can stretch to over $775,000. ...
- Ongoing fees As with the vast majority of franchises, franchisees will be responsible for ongoing franchise fees. These include: ...
- Wingstop franchise financing ...
Full Answer
How much does it cost to start Wingstop restaurant?
- In the United States, the total investment to start the Wingstop Restaurant is around $346,775 to $733,249. - In currency of the United Kingdom, the investment comes around £255,235 to £539,690.
Is Wingstop a real franchise?
In fact, a company called Wingstop has been serving Buffalo wings way back 1994 and franchising since 1997. Two decades later and still the company is not showing any sign of stopping. Want to join the club? Know the Wingstop franchise cost to get you started!
Can you buy beer at Wingstop?
Along with a robust menu of chicken options and sides, some Wingstop locations are licensed to sell beer and wine as well. According to Wingstop, franchises have high sales per square foot relative to the rest of the industry, with an average store doing about $1.25 million in annual sales.
How many Wingstop Restaurants are there in the world?
The specialty of the restaurant is chicken wings with various flavors served with dips, salads, and drinks. Great Wingstop restaurant franchise opportunities have already been recognized by entrepreneurs in many countries, who own 1,000 Wingstop restaurants.
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What Does a Wingstop Franchise Cost?
To buy a franchise with Wingstop, you'll need to have $204,000 - $335,000 in liquid capital. They also offer financing via 3rd party. *
When did Wingstop start?
Wingstop landed on the scene in 1994 with the idea of serving the ultimate buffalo-style chicken wings and to provide quality products with superior service at an exceptional value. An immediate hit, we began offering franchises in 1997 in response to the growing interest from entrepreneurs wanting to open their own Wingstop restaurant.
How long is Wingstop training?
As a Wingstop franchisee you and your general manager will participate in an intensive three-week orientation at the Wingstop corporate offices in Dallas. You will receive hands-on training and a simulation in which you run a store as if it were your own.
How to open a Wingstop franchise?
If opening a Wingstop franchise sounds like the right business venture for you, you can submit an application through Wingstop’s website. If you're approved, you’ll have the opportunity to attend a Wingstop Discovery Day, which will help you get a sense of whether you’d like to take the plunge to own a Wingstop franchise. Make sure you speak with as many current and former Wingstop franchisees as possible during this process, as they’ll be able to provide firsthand information about the franchising process and relationship.
How many Wingstop locations are there?
Wingstop has over 1,200 locations in the U.S. and other locations in multiple countries. Of their 1,300-plus worldwide locations, more than 980 are franchises. Founded in 1994, Wingstop first began offering franchising opportunities in 1997.
What is Wingstop territory?
Territory: Wingstop guarantees some territory protection, which shields you from other franchisees opening in your market and threatening your sales.
How many square feet does Wingstop take?
Because Wingstop does about 80% of their business via takeout, you don’t need to look for a lot of space—you can open a store with a minimum of between 1,200 and 2,000 square feet.
What are the advantages of franchising?
One of the many advantages of franchising is the support you’ll receive from the franchisor. This can be especially appealing to entrepreneurs without previous business ownership or restaurant experience. Wingstop offers support for identifying real estate, setting up operations, and managing construction.
How many units are needed for Wingstop?
When exploring Wingstop franchises, keep in mind that you can only choose a multi-store development with a minimum of three units. They also require previous multi-unit restaurant management and development experience, with a strong preference for past franchise ownership.
What is a wingstop?
Known for their variety of—you guessed it—chicken wings, Wingstop is a brand with a lot of loyalty and customer appeal. If you’re interested in opening a Wingstop franchise, there’s lots to know about its corporate structure, Wingstop franchise cost, and more.
How much is a Wingstop franchise?
Setting up your first Wingstop franchise costs between $347,600 and $759,100, not including the costs of the property and the legal fees associated with finding a place (Item 7, FDD 2021). This includes initial fees to the company, furniture and equipment, initial inventory, and opening advertising.
How to franchise a Wingstop?
Wingstop has a six-step process for franchise applicants. First, you will have to submit a request for consideration. If this is successful, you will be contacted by the company’s Franchise Development Team, who will discuss your qualifications. This leads to completing an application, which is evaluated by Wingstop, and if they think that you’re suitable then they will provide you a Franchise Disclosure Document. Applicants who get this far then attend a discovery day to learn more, at the end of which a development agreement can be issued and the process of finding a location and setting up the restaurant begins.
What are the pros and cons of a Wingstop franchise?
Wingstop is a relatively low-cost franchise to get started with. In return for the initial fees, you get all the advantages you would expect from any franchise, including training and support, a large combined national marketing budget, strong brand recognition, and a tested business model. Wingstop is a company that’s seeing good financial growth, which is a healthy sign for your restaurant’s potential. On a day-to-day level, a relatively simple menu makes the restaurants relatively easy to run.
Is Wingstop for you?
Wingstop is a growing brand with strong financials at the company level. A large marketing budget and the enthusiastically applied star power of Rick Ross keep it in the spotlight, boosting sales and expansion. If you want to be part of a brand that’s pushing hard for growth, but where the restaurant itself has simpler processes, and you’re willing to accept lower ongoing earnings in return for lower up-front fees, this could be for you.
What is included in Wingstop franchise cost?
The Wingstop franchise cost also includes expenses for the POS system, signs, and telephone.
How much does it cost to start a Wingstop?
In fact, the startup cost indicated by the company’s website includes marketing expenses. Specifically, you would pay around $5,000 to as much as $25,000 for the opening publicity.
When did Wingstop start serving wings?
In fact, a company called Wingstop has been serving Buffalo wings way back 1994 and franchising since 1997. Two decades later and still the company is not showing any sign of stopping.
How much does it cost to get a business permit for Wingstop?
Business Permit. Legally operating a business comes with a cost. A Wingstop franchise would require you to pay around $1,000 to $3,500 to obtain a permit. The exact cost would depend on your location, as each local government charge varying fees. To expedite the issuance of the permit, expect to pay $1,200 to $2,500.
How long have buffalo wings been around?
The bar staple has been around for only 45 years. Yet, it’s quickly become a favorite dish in and out of the US. Of course, business-minded people would surely ride on the fame. In fact, a company called Wingstop has been ...
How long after franchise opens can you spend?
The said total amount should be spent within 6 months after your franchise opens.
Can you be considered for Wingstop?
Finances aside, you would only be considered by Wingstop if you have experience in multi-unit restaurant management and development . You have a further edge if you were in the franchise business before connecting with the company.
