- 2023 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$160K - $235K
- Units as of 2021
2 0.0% over 3 years
Chicken wings may be the ultimate game-day food, and with a little spice and honey, they could turn any day around. Florida Wing Factory believes it takes wings, sports, and brews to the next level with a diverse menu dripping with over 30 flavors of tasty "stuffed wings."
Founded in 2014 by Chris Lee and Cole Littlefield, Florida Wing Factory dove into the fast-food business with what it hopes is a unique model that blends wings, cocktails, and sports. At Florida Wing Factory, customers may fall in love with delicious wing flavors, enjoy camaraderie, and experience taste-bud hangovers after satisfying their cravings.
Customers may love Florida Wing Factory since whether they order in or walk in, they may get the first pick at fresh menu options from the restaurant's kitchens.
Florida Wing Factory began franchising in 2020 and is actively seeking to add franchisees to its plate.
Why You May Want To Start a Florida Wing Factory Franchise
Florida Wing Factory may have won the hearts of chicken wing connoisseurs and sports enthusiasts alike with its quality food that could leave them wanting more. The company is looking for individuals ready to take the concept, venture into the quick-service restaurant industry, and satisfy customer needs.
Florida Wing Factory franchisees don't typically need a background in the service industry. Still, if you are motivated to work hard, you may be well-suited for the Florida Wing Factory brand. Florida Wing Factory is prepared to offer individuals without experience in the field comprehensive training to ensure you run operations according to their proven model.
Between serving online customers and walk-in clients, Florida Wing Factory may have proven to be an affordable restaurant that adapts to all needs. Florida Wing Factory could offer excellent potential with two franchise models, including a smaller express model and a full-service model with a bar.
What Might Make a Florida Wing Factory Franchise a Good Choice?
Opening a Florida Wing Factory franchise could offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.
To be part of the Florida Wing Factory team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How To Open a Florida Wing Factory Franchise
As you decide if opening a Florida Wing Factory franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Florida Wing Factory franchise would do well in your community.
It may be a good idea to speak with an attorney or financial advisor to ensure that you have the necessary financial resources to own and operate a Florida Wing Factory franchise.
About Florida Wing Factory
- Related Categories
- Sports Bars/Pubs, Miscellaneous Full-Service Restaurants, Chicken
- Christopher Lee, CEO
- Corporate Address
3551 Blairstone Rd., #124 Tallahassee, FL 32301
Tallahassee, FL 32301
- Franchising Since
- 2020 (2023-2020 years)
- # of employees at HQ
- Where seeking
This company is offering new franchisees in the following US states: Florida, Texas
- # of Units
- 2 (as of 2021)
Information for Franchisees
Here's what you need to know if you're interested in opening a Florida Wing Factory franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $159,900 - $234,900
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 10 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Florida Wing Factory has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 62 hours
- Classroom Training
- 1 hour
Additional details about running this franchise.
- Is absentee ownership allowed?
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in ownership opportunities like Florida Wing Factory? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Florida Wing Factory landed on this year's Franchise 500 Ranking versus previous years.
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