Is franchising for you? This guide gives you the information you need to guide you in deciding whether you want to open a wingstop franchise of your own. We`re getting started. Cost: Compared to many other franchises, Wingstop is relatively inexpensive. Your licensing fee is also at the bottom. They may also be required to take up-to-date or complementary training, including franchisees and managers. Hands-on: If you are looking for a franchise that allows you to be off-site, Wingstop does not allow you to own any property. Although you may not need to be the daily operator, you are expected to play a practical role. Complete the Wingstop franchise app, which must include: Doing your research when opening a Wingstop franchise is very important. You need to know the costs and requirements of opening a Wingstop franchise, as well as what you are looking for in a franchise relationship and what responsibility you are doing and not wanting. If opening a Wingstop franchise sounds like the right company for you, submit your application via the Wingstop website. If you are admitted, you have the opportunity to participate in a Wingstop Discovery Day that will help you realize if you want to make the leap to own a Wingstop franchise.
Be sure to talk to as many current and former franchisees as possible during this process, as they will be able to provide first-hand information about the franchising process and relationship. Advertising and advertising costs outstanding at the local level are at least 1% of quarterly revenue. While the franchise agreement allows Wingstop to set at least 2% of gross revenue when a local advertising cooperative is formed. However, Wingstop currently does not intend to spend more than 1% of franchisee`s gross sales on local marketing. They also require multi-unit restaurant management and development experience, with a strong preference for former franchise owners. In addition, franchise contracts with Wingstop for a period of at least 10 years. So you probably dropped $600,000 or something to build a wingstop franchise and ask yourself how much money you`re going to make now? After checking the Wingstop Disclosure Document (FDD) franchise and based on company reports, we discovered that the average revenue for a Wingstop site is about $1,100,000. On this, the average EBITDA is approximately $135,000.
As a result, the average franchisee earns about $135,000 per site. Franchise Description: Wingstop Franchising LLC is the franchisor. Wingstop Restaurants offer chicken wings in a variety of very strangled flavors. They also offer freshly cut fries, other foods and beverages, including beer and wine, where the law is allowed. A Wingstop franchise allows the franchisee to operate a restaurant on an approved site. Here, the issue is not so complex that a multi-factorial analysis is needed under Sleekcraft. Morris CM and Michael Morris held their restaurant to the public as a wingstop location and used licensed Wingstop brands. The license has been revoked, but Morris CM continues to use the Wingstop brands.