Founded in 1994, Wingstop is quickly emerging as a leading wing franchise. With 467 locations at the end of 2010, Wingstop is growing very rapidly. The investment required to build out a franchise is around $400k, but average store sales are quite healthy (~$750,000). This concept is ripe for further growth.
“We find comfort in that the concept has simple operations, a tasty product and is scalable. After speaking to many franchisees, we get the impression that franchisees are happy and looking to open more locations, which is always a good sign,” says Small Bizeo Founder Kal Gullapalli.
“I have opened 3 franchises in the last 3 years and plan to open more. The support system here is very strong,” says one franchisee who wishes to remain anonymous.
The average store size is around 1,500 square feet. Small box stores decrease the amount of inherent risk in a franchise investment.