Multi-Unit Franchisee Magazine 2014 Multi-Unit Buyer's Guide | Page 81

MULTI-UNIT Buyer’s Guide FOOD Demographics OPPORTUNITY Description With more than 10 straight years of same store sales increases and over 600 locations nationwide, Wingstop is one of the fastest-growing franchises for single-unit and multi-unit operators. Wingstop offers a limited, high-quality menu with simple operations that appeal to experienced restaurateurs and entrepreneurs with the drive and passion to own a business. Wingstop keeps the sole focus on fresh, cooked-toorder wings and side dishes like fresh-cut seasoned fries. Due to that simple operating platform, the system is 95% franchise owned and operated. Fast Franchise Facts Franchising Since: 1997, founded 1994 Multi-Unit Franchisee Operating Units: 55% Total Franchise Operating Units: 605 Company Operating Units: 19 Capital Investment: $242,787 - $569,528 Franchise Fee (per unit): $30,000 Royalty Fee (per unit): 5% Advertising Fee (per unit): 2% Rankings & Awards Earnings Claims: Yes •  Years Same Store 10 Sales Increases Available Territories: Northeast, Southeast, Midwest, Northwest States • Fastest Growing Franchises #47 Entrepreneur 2014 •  Franchise 500 List - #77, Entrepreneur 2013 •  100 Movers & Shakers Top #26, Fast Casual 2012 •  10 Fastest Growing Top Concept, Technomic 2012 Build-Out Options: Inline, non-traditional (airports, college campuses) Contact David Vernon | Chief Development Officer (972) 331-7565 [email protected] wingstopfranchise.com | wingstop.com Wingstop restaurants are generally neighborhood service restaurants (2-3 mile radius) with a majority of takeout sales. We primarily rely upon a seven minute drive-time base in urban markets and a two mile population base of 40,000 or more. In non-urban environments, the sales radius may be larger but we strive for a target population base of not less than 50,000. A typical Wingstop is located on major traffic arteries with not less than 20,000 cars per day. Qualifications Single-unit operators: no restaurant experience required. Minimum net worth $400,000; liquidity of $200,000. Multiunit developers: liquidity totaling $200,000 per store developed. Wingstop training guides franchisees from site selection to construction and ongoing operations. SITE LOCATION Assistance The Wingstop real estate and development team use the latest analytical programs to assist with site selection and demographics. Stores feature a small restaurant footprint of 1600 - 2000 sq. feet, seat 3550 people, and average 75% carryout service - ideal for inline shopping centers. MULTI-UNIT BUYER’S GUIDE 2014 79