How much does it cost to buy a Wingstop?
How much does it cost to buy a Wingstop? One-time costs. The average investment is around $390,000, but this can stretch to over $775,000. Franchise fee: The Wingstop franchise fee is $20,000 per store. There is also a development fee of $10,000 per store. Keep in mind, you’re required to open at least three stores.
How much does a Bojangles' franchise cost?
Starting a Bojangles franchise is an exciting possibility, but something that requires careful consideration of the upfront costs. A Bojangles franchise costs around $2 million on average, while the lowest cost is $1.5 million and the highest cost is $2.5 million.
How much does Wingstop pay in Texas?
Wingstop pays its employees an average of $11.41 an hour. Hourly pay at Wingstop ranges from an average of $8.36 to $16.10 an hour. Wingstop employees with the job title General Manager ...
How much is a Quiznos franchise?
There is an initial franchise fee of $25,000 which grants you the license to run a business under the Quiznos name.
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How much does a Wingstop owner make a year?
2021 Wingstop Median Franchise Sales: $1,485,793 Based on the median sales for Wingstop's franchise locations, at an average of a 15% profit margin, it will take around 5.5 years to recoup your investment.
How much does it cost to start a franchise with Wingstop?
To qualify as a Wingstop franchisee, we require a minimum net worth of $1,200,000, of which $600,000 must be liquid. There is also a 3 store minimum requirement for development....Investment.CategoryActual or Estimate Low*Actual or Estimate High*Initial Fees Development Fee Franchise Fee$10,000 $20,000$10,000 $20,00013 more rows
How much money can you make from a Wingstop?
Average Wingstop hourly pay ranges from approximately $9.22 per hour for Area Leader to $21.91 per hour for Full Charge Bookkeeper. The average Wingstop salary ranges from approximately $21,338 per year for Service Associate to $117,561 per year for Senior Purchasing Manager.
Who owns Wingstop franchise?
The restaurant chain was founded in 1994 in Garland, Texas, and began offering franchises in 1997. As of 2022, Wingstop now has over 1,400 restaurants. The chain is headquartered in Addison, Texas. In 2003, the chain was acquired by Gemini Investors, which sold it to Roark Capital Group in 2010.
What franchise is the most profitable?
Most Profitable FranchisesAnytime Fitness. Anytime Fitness is a popular gym brand with a low-cost investment and high revenue potential. ... McDonald's. McDonald's franchise program is one of the most established in the fast food industry. ... UPS Store. ... Jersey Mike's Subs. ... Dunkin' ... Sport Clips. ... 7-Eleven. ... Papa John's.
Do franchise owners make money?
Franchise Business Review found that the average annual pre-tax income of franchise owners in America is $80,000. Only 7% of franchise owners make more than $250,000 annually, and 51% earn less than $50,000. Legally, franchisors cannot give income amounts or forecasts of future income.
Does Rick Ross own any Wingstops?
Ross owns nearly 30 Wingstop franchises across the U.S., according to CBS46.com.
Which franchise has the best wings?
The Best Chicken and Wings Franchises to Buy in 2022Buffalo Wild Wings.Church's Chicken.East Coast Wings + Grill.El Pollo Loco.KFC.Lee's Famous Recipe Chicken.Native Grill & Wings.Pollo Campero.More items...
How much does a McDonald's franchise cost?
McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500. Existing franchise prices can cost upwards of $1 million or more.
How successful is Wingstop?
Wingstop's systemwide sales jumped 37%, to $509 million, for the quarter ended June 27. Total revenue increased 36.1% to $66.1 million. So far in July, same-store sales are up 28.7%, the company said. To grow units, even during the coronavirus crisis, the 1,436-unit chain has been “very entrepreneurial,” Morrison said.
What famous person owns Wingstop?
rapper Rick RossPopular rapper Rick Ross owns multiple Wingstop restaurants, mostly in the south of the U.S. Tennis superstar Venus Williams has opened five locations of Jamba Juice in the Washington D.C. area.
Is Wingstop a good stock to buy?
19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wingstop in the last year. There are currently 1 sell rating, 6 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WING shares.
Does Rick Ross own any Wingstops?
Ross owns nearly 30 Wingstop franchises across the U.S., according to CBS46.com.
What is the total cost to start franchise?
How much does it cost to start your own franchise? Franchise startup costs can be as low as $10,000 or as high as $5 million, with the majority falling somewhere between $100,000 and $300,000. The price all depends on the industry, location and type of franchise.
What is the average initial franchise fee?
Franchise fees are typically between $25,000 to $50,000 on average. 2) Startup Costs: These are the expenses you'll incur to get your new business open and operating. Initial investment costs vary widely from franchise to franchise.
Which franchise has the best wings?
The Best Chicken and Wings Franchises to Buy in 2022Buffalo Wild Wings.Church's Chicken.East Coast Wings + Grill.El Pollo Loco.KFC.Lee's Famous Recipe Chicken.Native Grill & Wings.Pollo Campero.More items...
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.
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 much capital do single unit operators need?
Single-unit operators must live in the market they seek to develop and have a minimum net worth of $250,000 of which $100,000 must be liquid capital.
How much does it cost to open a Wingstop franchise?
The estimated investment required to open a Wingstop Franchise is between $376,300-$724,200. There is an initial franchise fee of $30,000 which grants you the license to run a business under the Wingstop name.
Where is Wingstop located?
As a former owner-operator of multiple Wingstop locations in El Paso, Texas, and current owner of two in the Dallas/Ft. Worth, Texas, area, Reeves recently decided to forgo retirement i...
Who is Wingstop in association with?
In this new task, Performics will lead all look and social for Wingstop in association with Starcom USA, which will...
Is Wingstop in Panama?
Wingstop opens first franchise in Panama, expands in Columbia#N#Wingstop In c. has signed new deals to expand into Colombia and Panama, the company said Friday. The Dallas-based chicken wing chain has signed an agreement with Colowing S.A. de C.V to open 30 new franchised locations in the two Latin American countries over the next five years. The 914-unit c...
How many Wingstop restaurants are there?
Now Wingstop has more than 450 restaurants open or under development in 26 states and continues to add new stores at a rate of almost 30 percent annually.
What is a wingstop?
Wingstop came with the idea of serving the delicious buffalo-style chicken wings and to serve quality products with superior service at an exceptional value. A great response to the growing interest from entrepreneurs wanting to open their own Wingstop Franchises Restaurants.
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 training and simulation in which you run a store as if it were your own.
What is franchise for sale?
Franchise for sale provide information regarding the franchise which will help you to choose profitable franchise option.
How much capital do you need to be a liquid capital operator?
Operators should live in the market they seek to develop and have a minimum net worth of $250,000 of which $100,000 must be liquid capital.
