Wingstop

Wingstop

Chicken wings
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2022 Franchise 500 Rank
#16 Ranked #22 last year
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Initial investment
$348K - $759K
Units as of 2021
1,624 36.7% over 3 years

Company Overview

In response to the increasing popularity of chicken wings, Antonio Swad founded Wingstop in 1994. In 1998, the privately owned company began franchising.

About Wingstop

Industry
Food
Related Categories
Chicken
Founded
1994
Parent Company
Wingstop Restaurants Inc.
Leadership
Charlie Morrison, Chairman & CEO
Ticker Symbol
WING

Franchising Overview

Franchising Since
1998 (24 years)
# of employees at HQ
202
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
1,624 (as of 2021)

Franchisor Information

Corporate Address
15505 Wright Brothers Dr.
Addison, TX 75001

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Wingstop 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
$20,000
Initial Investment
$347,600 - $759,100
Net Worth Requirement
$1,200,000
Cash Requirement
$600,000
Veteran Incentives
$15,000 off first-store franchise fee
Royalty Fee
6%
Ad Royalty Fee
4%
Term of Agreement
10 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Wingstop 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
154 hours
Classroom Training
50 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
8-10
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Wingstop landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021