Listing ID: 83537
ONLY proven multi-unit restaurant operators are eligible for this acquisition. This is a RARE opportunity to purchase a PROVEN, PROFITABLE and consistently performing Wingstop franchise, with excellent ongoing growth potential. Wingstop is one of the fastest growing and industry leading Fast-Casual franchise systems in the country. This is an established location, which is experiencing tremendous growth, with 47%+ year over year comp sales increases. The sale will consist of one open/operational store. SBA approved franchise; financing is available with as little as 10% needed.
Wingstop is in the “flavor business” and has made it their mission to serve the world flavor since opening their first store in ’94. The first Wingstop franchise opened in 1997, and by 2002 this industry-leading brand had served over one billion wings to its loyal customers. Wingstop has now delivered 18 consecutive years of positive domestic same-store sales growth, up 8 percent year-over-year and 29.4 percent on a two-year basis. The brand operates over 1,731 locations worldwide and is just getting started! It is experiencing record growth with the opening of an all-time-high 193 net new franchised locations in 2021, and 12.5% ongoing unit development growth. The chain also finished 2021 with more than 1,100 new-store-opening commitments systemwide. In 2022, the brand expects mid-single-digit same-store sales growth and 200 net new restaurants, putting the brand on pace to eclipse 2,000 locations globally in 2023.
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You may also download the Confidentiality Form from our website at www.AtlanticBusinessBrokerage.com, where you can also view similar businesses for sale in your area.
- Asking Price: $549,000
- Cash Flow: $114,013
- Gross Revenue: $1,249,062
- EBITDA: N/A
- FF&E: N/A
- Inventory: $5,000
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:15
- Furniture, Fixtures and Equipment:N/A
Great visibility and parking! This Wingstop is located on a high traffic / main retail corridor. It is situated amidst major Residential and Commercial development, and less than a minute from the NYS thruway. The store is within a mile of a new Regional Medical Center, Schools, major industrial parks, etc., providing customers throughout all dayparts. There is a fantastic lease in place, with multiple renewal options – occupancy costs are less than 4% of sales, contributing to higher profit margins.
4 weeks of comprehensive training provided by the Franchisor, ensuring you are ready to own this successful Wingstop franchise.
Seller is retiring
1) Add’l Development opportunities for the right buyer in surrounding markets. 2) Year-over-year deflation in wing prices is anticipated for the second half of 2022, leading to reduced food costs and increased profitability! 3) Digital sales: System-wide, stores generated 61.6% of sales via digital channels. Wingstop’s Digital-focused ordering continues to increase toward the brand’s goal of digitizing 100% of transactions. 4) Huge growth potential with Delivery and Catering: Seller has launched 3rd party delivery (Uber Eats & Door Dash), and both On-line and 3rd party sales continue to grow. This will be upside for the Buyer.
This Business Is An Established Franchise
The venture was established in 2018, making the business 4 years old.
The transaction shall not include inventory valued at $5,000*, which ins't included in the asking price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell operating businesses. However, the genuine factor and the one they tell you might be 2 totally different things. For instance, they may state "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might simply be excuses to attempt to conceal the reality of altering demographics, increased competition, current reduction in earnings, or an array of other reasons. This is why it is extremely crucial that you not count totally on a seller's word, however rather, use the vendor's solution together with your overall due diligence. This will repaint an extra practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses take out loans in order to cover things like supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can indicate that earnings margins are too thin. Numerous businesses fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that need to be met or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area attract new consumers? Many times, operating businesses have repeat clients, which create the core of their everyday profits. Specific factors such as new competitors sprouting up around the area, roadway building, and employee turnover can influence repeat customers and negatively impact future revenues. One essential thing to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the higher the possibility to build a returning client base. A final thought is the general location demographics. Is the business placed in a densely populated city, or is it located on the outside border of town? How might the local median house income impact future revenue potential?