Wingstop Franchise Year Business Began: 1994
Franchising Since: 1997
Headquarters: Dallas, Texas
Estimated Number of Units: 1,250
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.
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.
#1. Wingstop Franchise Opportunities
There are 2 wingstop franchise opportunities offered by Wingstop Franchise
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.
Must have liquidity totaling $100,000 per store and must have restaurant operations or development experience.
The following regions/states exist with Franchises: Asia, Middle East, Mexico, South America, Western Europe
Above 600 franchise units in the U.S. and 28 international locations, as of 2014 and thus now also has a huge Wingstop Franchise Business Opportunities.
#2. Wingstop Franchise Cost
How much does wingstop franchise cost:
|Estimated Initial Investment|
|Name of Fee||Low||High|
|Site Survey Fees||$2,500||$2,500|
|Permit Expeditor Fees||$1,200||$2,500|
|Business and Operating Permits||$3,000||$5,500|
|Furniture, Fixtures, Audio/Visual System, Equipment and Smallwares||$106,395||$135,790|
|Point-of-Sale Register, Hardware and Software||$22,500||$30,500|
|Opening Publicity and Promotions||$5,000||$15,000|
|Additional Funds – 3 months||$25,000||$35,000|
|ESTIMATED TOTAL (excludes real estate purchase and lease costs)||$374,089||$782,442|
Wingstop Franchise Cost/Other Fee
|Type of Fee||Amount|
|Royalty||6% of Gross Sales.|
|Ad Fund||4% of Gross Sales.|
|Ad Customization Fee||Reasonable charge.|
|Local Advertising and Promotional Materials||At least 1% of quarterly Gross Sales.|
|Insurance||As provided in the Operations Manual.|
|National Gift Card Program Charges||Approximately 10% of value of Wingstop gift cards issued/sold by third-party retailers (i.e., not by Wingstop Restaurants)|
|Indemnification||Unlimited (but depends on the nature of the claim).|
|Audit Fees||Cost of audit, including auditor’s travel, meals, and lodging expenses (depends on the extent of the franchisee’s noncompliance and cooperation with the franchisor).|
|Interest/Late Charges||Interest in past-due obligations to the franchisor and its affiliates at the highest commercial contract interest rate the law permits.|
|Renewal Fee||25% of the sum of the then-current development fee and franchise fee (that currently would equal $7,500); If franchisees renew their franchise for a 2nd 10-year renewal term (after the first 10-year renewal term ends), they must pay 50% of the sum of the then-current development fee and franchise fee (that currently would equal $15,000).|
|Website Maintenance Fee||$25 initial set up cost/up to $50 per month.|
|Intranet Maintenance and Development Fee||Up to $50 per month.|
|Operations Manual(s) Training Materials Replacement Charge||$35 for recipe guide, $5 for spec sheets plus shipping costs.|
|Annual Convention Attendance Charge||Currently $500 per attendee.|
|Product and Service Purchases||Varies depending on products and services franchisees buy from the franchisor or its affiliates.|
|Attorneys’ Fees and Costs||Will vary under circumstances and depend on the nature of the franchisee’s non-compliance.|
|Liquidated Damages||See FDD.|
|Supplemental Training/Assistance||Up to $1,000 per trainer, plus out-of-pocket costs.|
|Tax Reimbursement||Out-of-pocket cost reimbursement.|
|Transfer Marketing Expenditure||$2,500 – $7,500|
Related Franchise Business Ideas:
#3. Wingstop Franchise for Sale
What are the wingstop franchise for sale requirements?
Support from proven professionals
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.
Additional areas of support include:
- Real Design and Construction
- Daily support
Application form for Wingstop Franchise: https://www.wingstop.com/get-started