is wendy's franchise

by Anabel Gutkowski Published 1 year ago Updated 1 year ago

When you become a Wendy's franchisee, you own more than a great restaurant – you Own Your Opportunity, with a path to prosper and the prospect to lead. With approximately 7,000 restaurants worldwide, we're actively looking for new and diverse franchisees to join our Wendy's family.

Can I buy a Wendy’s franchise in another area?

Wendy’s does not currently provide exclusive areas to franchisees. The franchise agreement is issued for the specific restaurant location only. The franchisee does not have a right of first refusal to acquire potential new sites being developed in the area although Wendy’s evaluates each new location as it relates to nearby existing restaurants.

How many Wendy's locations are there in the world?

The Wendy's franchise is one of the most recognizable franchises in the world with over 6,800 locations.

Why join the Wendy’s company?

It’s an exciting time to join and grow with The Wendy’s Company. Dave Thomas opened the first Wendy’s ® restaurant in 1969 and we continue to follow his sound principles to ensure we build upon our position as a quality leader in the Quick Service Restaurant (QSR) industry.

When did Wendy’s open its first restaurant?

Dave Thomas opened the first Wendy’s ® restaurant in 1969 and we continue to follow his sound principles to ensure we build upon our position as a quality leader in the Quick Service Restaurant (QSR) industry. Learn more about Wendy’s North America franchising requirements.

How much does a Wendy's franchise cost?

What does the initial franchisee fee cover? Does it include start-up supplies and training? The standard franchise fee is $50,000 for a franchise agreement with a term of 20 years.

Is Wendys a franchise?

Territory Granted: Franchisees will operate their Wendy's Restaurant at a specific location approved by the franchisor and identified in the Franchise Agreement. Franchisees have no exclusive rights or territory associated with the operation of their Wendy's restaurant.

What percentage of Wendy's are franchises?

Quick service restaurant (QSR) chain Wendy's accounted for a total of 6,949 restaurants worldwide in 2021. The vast majority of these, 6,541, were franchised. Only 408 units remain company-operated.

How much does a Wendy's owner make a year?

about $300,000 per yearWendy's franchise owner's salary & compensation is about $300,000 per year. The national brand recognition Wendy's has to offer and franchisees being able to recoup their initial investment within a couple of years make it a great opportunity.

How much is franchise for McDonald's?

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 much is a Starbucks franchise?

What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.

What is the most profitable franchise?

Top 14 Most Profitable FranchisesMcDonald's. Units in operation: 39,360. ... Dunkin Donuts. Units in operation: 12,800. ... Taco Bell. Units in operation 12,800. ... Subway Franchise. Offers Financing: Yes. ... Anytime Fitness Franchise. Units in operation: 4,904. ... Sonic. Royalty: 2.5% - 5.0% ... Planet Fitness. Royalty 7.0% ... Orangetheory Fitness.More items...

Which is the largest fast food chain in the world?

McDonald's(MCD) McDonald's is the world's largest fast-food restaurant chain and one of the best-known brand names. The company has more than 39,000 locations in about 100 countries.

How much profit does a Wendy's make?

Compare WEN With Other StocksWendy's Annual Revenue (Millions of US $)2020$1,7342019$1,7092018$1,5902017$1,2239 more rows

Is owning a McDonald's profitable?

With an average initial investment of about $1.8 million, it would take you 8.5 years or less to recoup the McDonald's franchise cost with a 10% or more profit margin. These figures are calculated from the 2020 average median net sales from a McDonald's franchise in the US, which is about $2.9 million.

How much does a KFC franchise owner make?

Although the exact salaries of KFC franchise owners are kept private by Yum! Brands, it is estimated that they take home around $120,000 per year. This is grounded on the average salaries of food franchise owners. Individual KFC units produce revenues between $942,000 and $1,000,000 per year.

How Much Is a Subway franchise?

How much is the franchisee fee? The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.

Is McDonald's franchised?

McDonald's has been a franchising company since 1955 and has relied on its franchisees to play a major role in the system's success. Currently, about 95% of all U.S. restaurants are franchised to independent franchisees and about 5% are company-owned.

Is Starbucks a franchise?

Starbucks Coffee doesn't franchise. Even though franchising is a classic, successful growth strategy for myriad beloved, familiar brands, Starbucks does not grant franchises. It's not because franchising isn't a time-tested model for growth. Many companies offer franchises.

Is Taco Bell a franchise?

This food franchise has a heavy presence in the United States, as well as locations around the world. Not to mention, more than 90% of Taco Bell locations are run by independent franchisees. The Taco Bell franchise network makes more than $10 billion in sales each year.

Who is Wendy's owned by?

The Wendy's CompanyWendy's former headquarters sign in Dublin, OhioOwnersNelson Peltz (19.1%) Peter W. May (19.0%) Edward P. Garden (12.1%) Trian Fund Management, L.P. (12.0%) BlackRock (8.3%) The Vanguard Group (7.8%)Number of employees14,000 (2020)SubsidiariesWendy's First KitchenWebsitewww.wendys.com18 more rows

How much does it cost to franchise Wendy's?

The standard franchise fee is $50,000 for a franchise agreement with a term of 20 years. This fee is used to help defray some of the costs to Wendy’s of providing technical assistance in the development of each Wendy’s restaurant, initial training of the operator and in providing other assistance associated with the opening of the restaurant. Prospective franchisees also pay an initial Application Fee of $5,000 to help defray some of the costs of the initial orientation and processing of the application, along with a $500 background investigation fee. These fees do not include any development or start up costs for the restaurant. There is no additional fee for training, but the franchisee may incur travel expenses or some minor fees for certain specific classes.

How much do Wendy's franchises contribute to the national advertising program?

Franchisees are required to contribute 3.5% of net sales per restaurant to The Wendy’s National Advertising Program, Inc. (U.S.) or to the Wendy’s Canadian Advertising Program (Canada). Today the national advertising program covers a wide range of media advertising including TV, digital and magazines. Franchisees are also required to contribute at least another 0.5% of net sales per restaurant toward local advertising through a local advertising co-op, if one exists for the area, or through their own local programs.

What is Wendy's engineering department?

Wendy’s Engineering Department provides franchisees with standard construction documents designed to meet national building codes for construction of Wendy’s standard buildings. These plans are updated by the franchisee’s architect or engineer to meet local requirements. Design services are also available to franchisees who are developing non-standard units for locations within airports, travel centers, university student unions, shopping malls, etc.Under Wendy’s Franchise Development Program (“FDP”), Wendy’s franchisees have the option to contract with Wendy’s as an independent contractor for the performance of project management services for franchisees who build a new Wendy’s Restaurant or remodel an existing Restaurant. The FDP Fee to remodel a Restaurant is $20,000. For new restaurant construction and scrapes and rebuilds, the FDP Fee is $30,000. In addition to the FDP Fee, the franchisee is responsible for all out-of-pocket expenses incurred by Wendy’s on each project, including travel expenses.

What is Wendy's looking for?

Wendy’s is looking for prospective franchisees who have extensive restaurant experience (preferably quick service) with strong operational, administrative and financial resources.

How long does it take to train a Wendy's franchisee?

A franchisee must provide a comprehensive and detailed three to five year business plan which includes a skilled operator and management team that is devoted 100% to the development and operation of each restaurant. Training for the management team is accomplished through a four to six month training program conducted by Wendy’s training personnel. The training program consists of: in-restaurant training, classroom training and regional orientations. Once the proposed transaction has been completed or the new restaurant is open, Wendy’s provides on-going regional support and a variety of training resources to assist the franchisee.The in-restaurant training is conducted in one or more of Wendy’s approved training restaurants. The classroom training is normally conducted in one of our regional offices. We try to select locations convenient for the trainees but travel for required training should be anticipated in connection with your business plan.

How much royalty does Wendy's pay?

In order to use the Wendy’s name, trademarks, national image and logo, franchisees are required to pay a royalty fee of 4% of net sales per restaurant to Wendy’s.

What is Wendy's non-traditional development?

Non-traditional development is an important component of Wendy’s overall growth strategy. We are very interested in candidates who have access to new non-traditional opportunities.

Creating Joy & Opportunity Through Food, Family, & Community

Legacy Restaurant Group LLC has existed for over 25 years and seeks to provide amazing restaurant experiences while having the very best work environments for their staff. Legacy has lived out this vision through the multiple Wendy’s restaurants that it owns and operates in Kansas and Missouri.

Why We Chose Wendy's..

Dave Thomas opened the first Wendy’s restaurant with an unwavering commitment to serve fresh food, at a fair price, in a comfortable atmosphere. He founded Wendy’s on the premise that Quality Is Our Recipe®, and the quality our customers expect from every restaurant visit begins long before products and ingredients reach the kitchen.

Wendy's - A Cut Above the Rest

Available Support

Operations Franchisees receive on-going direct support from our skilled operators at the field level. We strive for A-level operations at every restaurant and provide the tools, resources and training to achieve superior customer service levels while maintaining restaurant level profit margins.

How did Wendy's change ownership?

Over the years Wendy’s changed ownership several times through sales and acquisitions, according to the timeline on its corporate website.

What was the first Wendy's menu?

The restaurant’s signature square hamburger patties and “The Frosty” both debuted on the five-item menu Thomas created when Wendy’s first opened. Later, he was also credited with installing the first drive-through in 1970 and adding a salad bar concept in 1979. Wendy’s also launched its first “Value Menu” in 1989, before other chains followed suit.

What is Wendy's plantiful patty?

or Impossible Foods. The Plantiful patty is made with a pea-based protein and comes with lettuce, tomato, pickles, ketchup and cheese.

How much is the burger industry?

The $122 billion industry accounts for 30% of the fast-food and fast-casual restaurant industry.

How much did Wendy's make in 2012?

In 2009 and 2012, the company reported highs of $2.44 billion in revenue.

Where is Wendy's beef?

Today, Wendy’s serves its square burgers and Frostys at home and abroad, of which more than 5,810 of its locations are located in the United States , and 901 are located internationally. (Of the total in the United States, 5,457 are franchised and 353 are company-operated.) No longer family-owned, Wendy’s Company is a publicly-traded company (WEN) and has been bought and sold in a number of transactions since it was originally founded in 1969.

When did Wendy's start selling value menus?

Wendy’s also launched its first “Value Menu” in 1989, before other chains followed suit. Thomas retired from the business in 1982, after celebrating the opening of the franchise’s 2,000th store and its joining the New York Stock Exchange, according to Mashed.

Background

Its approach to corporate social responsibility, which the company calls Good Done Right.

Support and Training Offered By Wendy's

The Wendy's franchise's typical initial training program will be approximately 20-24 weeks long. These classes will include online, classroom, virtual instructor led and on-the-job training. Additionally. training is conducted at various certified training restaurants throughout the United States.

Franchises Similar to Wendy's

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.

How many locations does Wendy's have?

Wendy’s is the third biggest fast food restaurant chain in the world with close to 7,000 locations, although its sales puts the brand at number two in the world.

How many Dickey's locations are there?

Dickey's is the largest Barbecue franchise in the world and is an award winning brand. With over 500 locations in 43 states as well international locations, their smokin' franchise has been treating guests to great tasting barbecue since 1941. No restaurant experience needed, total training and support provided.