Wingstop franchise

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

Single-unit operators:

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.

Multi-unit developers:

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 FeeLowHigh
Development Fee$10,000$10,000
Franchise Fee$20,000$20,000
RentVaries
Security Deposits$0$10,000
Site Survey Fees$2,500$2,500
Architectural/Engineering Fees$6,600$25,350
Permit Expeditor Fees$1,200$2,500
Professional Fees$1,500$4,000
Leasehold Improvements$142,669$422,062
Business and Operating Permits$3,000$5,500
Décor Package$7,500$10,925
Furniture, Fixtures, Audio/Visual System, Equipment and Smallwares$106,395$135,790
Point-of-Sale Register, Hardware and Software$22,500$30,500
Signs$8,500$36,315
Phone System$1,725$2,000
Opening Inventory$10,000$15,000
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

Other Fees
Type of FeeAmount
Royalty6% of Gross Sales.
Ad Fund4% of Gross Sales.
Ad Customization FeeReasonable charge.
Local Advertising and Promotional MaterialsAt least 1% of quarterly Gross Sales.
InsuranceAs provided in the Operations Manual.
National Gift Card Program ChargesApproximately 10% of value of Wingstop gift cards issued/sold by third-party retailers (i.e., not by Wingstop Restaurants)
IndemnificationUnlimited (but depends on the nature of the claim).
Audit FeesCost of audit, including auditor’s travel, meals, and lodging expenses (depends on the extent of the franchisee’s noncompliance and cooperation with the franchisor).
Non-Reporting Fee$250
Interest/Late ChargesInterest in past-due obligations to the franchisor and its affiliates at the highest commercial contract interest rate the law permits.
Transfer Fees$10,000
Renewal Fee25% 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 FeeUp 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 ChargeCurrently $500 per attendee.
Product and Service PurchasesVaries depending on products and services franchisees buy from the franchisor or its affiliates.
Attorneys’ Fees and CostsWill vary under circumstances and depend on the nature of the franchisee’s non-compliance.
Liquidated DamagesSee FDD.
Supplemental Training/AssistanceUp to $1,000 per trainer, plus out-of-pocket costs.
Tax ReimbursementOut-of-pocket cost reimbursement.
Relocation$5,000
Transfer Marketing Expenditure$2,500 – $7,500

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#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
  • Pre-opening
  • Daily support

Contact:

Application form for Wingstop Franchise: https://www.wingstop.com/get-started