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East Coast Wings Corp.

2014 Franchise 500
#364
At a Glance

Products & Services: Buffalo wings

Number of Locations: 30

Total Investment: $648.4K - $993.9K

Founded: 1995

Began Franchising: 2004

About East Coast Wings Corp.

The first East Coast Wings restaurant opened in Winston-Salem, North Carolina, in 1995. The menu features chicken wings with 75 sauce choices, along with burgers, sandwiches, salads, fajitas, ribs and more.

Franchise Units

Year U.S. Canadian International Company Owned
2014 28 0 0 2
2013 23 0 0 2
2012 20 0 0 1
2011 19 0 0 1
Where Seeking Franchisees: Franchisor is seeking new units internationally.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $648,425 - $993,870
Franchise Fee: $40,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: $5,000 off franchise fee
Financial Requirements
Net Worth: $850,000
Liquid Cash Available: $250,000
Operations
90% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 25 - 50. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 3 weeks. At franchisee's location: 2 weeks+.
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,

Franchise Ranking History

Franchise 500®: #364 (2014), #349 (2013),

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