Wingstop Restaurants Inc.
#42 Franchise 500| Chicken wings

Wingstop Restaurants Inc.
Chicken wings

About
Founded

1994

Franchising Since

1998 (22 Years)

Corporate Address

5501 LBJ Fwy., 5th Fl.
Dallas, TX 75240

Leadership

Charlie Morrison, Chairman & CEO

Ticker Symbol

WING

Financial Requirements
Initial Investment

$376,300 - $724,000

Net-worth Requirement

$1,200,000

Liquid Cash Requirement

$600,000

Ongoing Fees
Initial Franchise Fee

$30,000 - $30,000

Ongoing Royalty Fee

6%

Ad Royalty Fee

4%

Financing Options

Wingstop Restaurants Inc. has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives

$15,000 off first-store franchise fee

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

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

On-The-Job Training:

154 hours

Classroom Training:

50 hours

Absentee Ownership Allowed
Number of Employees Required to Run:

8 - 10

Wingstop Restaurants Inc. is ranked #42 in the Franchise 500!
Bio
In response to the increasing popularity of chicken wings, Antonio Swad founded Wingstop in 1994. In 1998, the privately owned company began franchising.
Cost
Initial Investment: Low - $376,300 High - $724,000
Units
+10.6%+133 UNITS (1 Year) +38.8%+387 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: Asia, Middle East, Europe (Western)

Franchise Articles

If You're in Franchising and Need a New Bank, Ask These Questions

Now more than ever, franchisors and franchisees alike need to work with a bank they can trust. Here's how to get the most of your financial partner.

How to Find the Right Franchisees, According to D1 Training's COO

Dan Murphy is an Army vet and a former NCAA athlete who knows the power of community. Now, as COO of the gym franchise D1 Training, his business is only as strong as its weakest link.

She Sold Her Co-Working Business and Joined a Giant Competitor. Here's Why.

Shelley Bade has had a complex journey with the co-working franchise Office Evolution. It began as a competitor, then turned into a support system when she needed it the most.

The Halal Guys Once Drew Huge Crowds. Now It's Pivoting for a Socially Distant World.

COVID-19 has forced the restaurant industry to rethink everything. No brand has seen a more dramatic shift than The Halal Guys, a food cart turned franchise where long lines and busy stores were part of the appeal. So how do you transform a hot spot into a safe, reliable meal?

Ruby Tuesday Files for Bankruptcy After Closing Dozens of Locations in 2020

Several restaurant chains have filed for bankruptcy in the wake of the pandemic including other casual dining chains like Sizzler and California Pizza Kitchen.

Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: September 10th, 2020