East Coast Wings Corp.

#349

At a Glance

Products & Services: Buffalo-style wings & family dining

Number of Locations: 21

Total Investment: $332.8K - 645.14K

Founded: 1995

Began Franchising: 2004

About East Coast Wings Corp.

The first East Coast Wings restaurant opened in Winston-Salem, North Carolina, in 1995. In 2001, Sam Ballas and Steve G. Kontos purchased the restaurant and using their combined 40 years of restaurant experience, and the help of industry experts, reworked the concept and began franchising it in 2004. The menu features chicken wings with 75 sauce choices, along with sandwiches, ribs, Mexican entrees and more.

Franchise Units

Year	U.S.	Canadian	International	Company Owned
2012	20	0	0	1
2011	19	0	0	1

Where Seeking Franchisees: Franchisor is seeking new units internationally.

Startup Costs, Ongoing Fees and Financing

Total Investment: $332,800 - $645,140
Franchise Fee: $30,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable

Financial Requirements

Net Worth: $200,000 - $300,000
Liquid Cash Available: $70,000

Operations

30% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 14 - 26. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).

How This Franchise Supports Franchisees

Training: Available at headquarters: 1 week. At franchisee's location: 3 weeks. Commissary : 1 week.

Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives

Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,