WingStop Franchise is an American multinational fast-food chain that focuses on serving the ultimate buffalo-style chicken wings with dips, salads, and drinks. WingStop Franchise offers a variety of chicken wings like boneless wings, tossed chicken wings, hand-sauced and other food and beverage products. The specialty of the business is to provide quality products with superior service at an exceptional value. They focus on serving the best quality chicken wings and finding the best talent to extend their burning desire to build a successful business. This American based buffalo-style chicken franchise company with 1,400 restaurants has offered freshest and high quality chicken wings for years.
The story of “WingStop Franchise ” started in 1994 in Garland, TX by Anthony Swad and started franchising in 1997. After selling its billionth chicken wing in 2002 since then the chain of restaurants has grown to over 1,400. For national delivery it partnered with Door dash in 2015. Its network is not only in the US but also in many countries like Mexico, Australia, Saudi Arabia, Indonesia, France and its headquarters is located in Addison, Texas.
WingStop Franchise provides many benefits to their franchisees. They benefit your business in many ways, they always strive to make their locations successful.
WingStop Franchise provides Real estate, setting up operations, training, and managing construction. Their franchise family support never stops, WingStop franchise makers keep working on new ways and new ideas to support you.
In their franchisees module they are providing benefits like site
- Training & support, they train brand partners and provide support from day one. They provide hand-on training to the franchisee and its general manager to run a store as if it is their own.
- Real Estate: its Real Estate team helps in finding a perfect location point.
- Design & Construction, its Design and construction idea helps in framing a catchy look of the location.
- Daily Support, they support their wings from day one, and keep them updated every time.
In order to open WingStop Franchise you need to keep certain requirements in consideration. The franchisee should have some business experience and a business plan. The brand partner should have a good credit history and a minimum net worth of $1,200,000 of which $600,000 must be liquid assets. There is also a 3 store minimum requirement for development. Higher market initial investment should also be kept into consideration because some markets require higher initial investment.
With years of experience, the WingStop Franchise has provided thousands of owners with the best opportunity that will fit their personality and profession. From new to experienced owners, high market range locations to low market range locations, every franchise owner has experienced the opportunities of WingStop.
WingStop offers Single-unit operators and Multi-unit developers opportunities in U.S markets.
- Single-unit operators should have a minimum net worth of $250,000 of which $100,000 must be liquid capital.
- Multi-unit developers must have development experience and liquidity totaling $100,000 per store.
It is estimated that the beginning operation of WingStop Franchise ranges from $315,310 to $948,080. This range is a part of the upfront costs including initial investment.
|Type of Expenditure||Amount||Payment made to|
|Initial FeesDevelopment FeeFranchise Fee||$10,000$20,000||Us|
|Security Deposit||$0 – $10,000||Landlord/ Utilities insurance Companies|
|Architectural/ Engineering Fees||$5,800 – $35,500||Architectural Professional|
|Professional Fees||$2,500 – $7,500||Your attorney, accountant, and other Professionals|
|Leasehold improvements||$155,000 – $570,000||General Contractor|
|Business & Operating permits||$4,500 – $8,500||Licensing Authorities|
|Decor Package||$6,300 – $ 32,480||Approved independent suppliers|
|Furniture, Fixtures, Audio/ Visual system, Equipment and small-wares||$55,850 – $138,100||Approved independent suppliers|
|Point-of-Sale, Back Office, Software & Hardware & Related items.||$12,000 – $13,000||Suppliers|
|Signs||$3,360 – $32,000||Approved independent suppliers|
|Opening Inventory||$10,000 – $16,000||Approved independent suppliers|
|Opening Publicity & Promotions||$5,000 – $15,000||Independent suppliers|
|Additional Funds -3 months||$25,000 – $40,000||Various|
|Total ( excluding real estate purchase & lease costs)||$315,310 – $948,080|
WingStop is a profitable business of chicken wings and other food and beverage products. It’s estimated that in the year 2021 the company was able to make an earning of $134 million.
In a WingStop Franchise the investment return is profitable. In 2021 WingStop Median Franchise sales ranged $1,485,793.
WingStop (Franchisor) income
|Costs and expenses:|
|Selling, general and administrative Expenses||612|
|Total costs and expenses||686|
|Income before taxes||135,184|
|Income tax expense||1,147|
In order to apply for Popeyes Franchise note that it is being offered to the United States residents and to the ones with at least$100,000 to invest. The application process is completely online, fill the details in the form provided by WingStop Franchise.
Step by step approval process:
- Request for Consideration Submitted.
- Contacted by Franchise Development Team.
- WingStop request for financial documents completed and evaluated.
- Franchise Disclosure Document issued.
- Discovery Day.
- Development Agreement issued and executed.
In addition to this you can also reach WingStop https://www.wingstop.com
WingStop Franchise provides opportunities for new talent and are always looking for interested candidates in order to take their mission ahead. Their supportive way and remaining updated with its franchisees, motivates people to invest in their business. It’s a one time offer for you ,so choose in the best way possible. Its Locations are consistently growing and satisfying the food and beverage lovers. Their unique aviation theme enhances the beauty of its locations and are quite appealing for consumers.
WingStop Franchise is accessible by submitting an application online, after approval you will join the Discovery Day which will help you in getting an idea of whether or not you want to own its Franchise. Its net profit is growing continuously and its Franchise model ensures the success of every location. They have a strong annual returns and are giving tough competition to their competitors. Therefore starting with the WingStop Franchise in the USA is a big commitment, be dedicated and give every effort to make your business profitable and worth investing in.
How much is a WingStop Franchise?
The sum Total of WingStop franchise (excluding real estate purchase and lease costs) is $315,310 to $948,080.
How much does a WingStop Franchise cost?
It is estimated that the beginning operation of WingStop Franchise ranges from $315,310 to $948,080.
How much does a WingStop Franchise Owner make ?
An owner can make an average of $1.25 million via its sales, of which profit margin is 15%, so net profit will be $200,000.
Is WingStop a Franchise?
Yes, it is a franchise. It started franchising in 1997.
Who Owns the WingStop Franchise?
WingStop Franchise is owned by Rick Ross and his family.
Disclaimer :The information contained in this Article is for general information purposes only. The information is provided by StartupYo (SAB Weblabs Pvt.Ltd). While we endeavour to keep the information up to date and truest to the best of our knowledge, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.