Are you looking for the Wingstop franchise but first, you want to know how much does a Wingstop franchise owner make?
Then you are at the right place. This article is about the Wingstop franchise and facts related to its profitability, investment, training, support, and so on. So, let’s begin.
What Is Wingstop?
Wingstop is a casual fast-food restaurant that is known for chicken wings. In 1994, the first Wingstop location was opened in Garland, Texas.
After a few years of establishment, Wingstop started selling its franchise, and hence it has a comprehensive network of 1500 franchise stores.
Currently, Wingstop is run by Roark Capital Group. In 2010, Roark Capital Group bought Wingstop from Geminin investors.
Wingstop offers restaurant franchise opportunities to entrepreneurs without any prior experience.
They also provide a training program and different kinds of support like real estate, design of stores and reconstruction, and so on to all new franchises. Moreover, they provide territory protection too.
However, opening a Wingstop franchise requires a high-cost investment, and they never provide any direct or indirect financing option to franchisees.
So, if you are thinking of buying the franchise, then you must have enough capital to invest.
How Much Does A Wingstop Franchise Owner Make?
As per data, Wingstop generates around $53 million through its sales. An individual Wingstop franchise owner can make an average of $1.25 million through its sales, of which the profit margin is around 15%. So, the net profit will be around $200,000 per store annually.
However, not all the store has same profit potential. The profit will vary depending on the location and owners’ skills.
How Much Does A Wingstop Employee Earn?
Wingstop employees’ hourly rate ranges from $8.70 to $17.07 an hour. The company pays its employees an average of $12.88 an hour: However, employees’ hourly rate varies on position.
An employee of Wingstop with the job title- of General manager can earn an average of $14.79 an hour, while other employees, like cashiers, can earn an average rate of $10.05 an hour.
What Is Wingstop Known For?
Wingstop is known for its chicken wings and is a one-stop destination for a variety of lip-smacking chicken dishes. These are some of the popular items of Wingstop.
Let’s have a look at them:
- Mango habanero wings
- Louisiana Voodoo fries
- Original hot wings
- Spicy Korean Q wings
- Cajun fried corn
- Atomic wings
- Buffalo ranch fries
- Garlic Parmesan wings
- Triple chocolate chunk brownie
- Cajun wings
- Cheese sauce
- Lemon pepper wings
It is one of the fastest-growing brands in the restaurant industry. Moreover, the architecture is based on the 1930s and 1940s pre-jet aviation theme.
Pros & Cons Of Wingstop Franchise
Pros Of Wingstop Franchise
- Territory protection
- High-profit margin
- Provide different supports like real estate, reconstruction, and design of the store
- Addition resource
- Highly profitable
- Demanding niche
Cons Of Wingstop Franchise
- High royalty-fee
- No direct financing options
- Lots of competition
- Rising price
Is Wingstop Franchise Profitable?
As per data, the Wingstop franchise owner can make around $1.25 million through its sales, and the profit margin is around 15% of the sales.
So, the net profit is estimated at around $200,000 annually. And a restaurant franchise owner average, can make $82,000.
If we compare this data with other restaurant franchise owner profit, then the profitability is very high.
However, Wingstop requires a higher cost of investment, and the cost of investment is always proportional to profit the brand is also recognized across North America.
To conclude, Wingstop has a higher potential to make a decent amount of profit.
Read: Feed Your Soul Franchise
As we discussed above, Wingstop is a casual fast-food restaurant that provides franchise opportunities without any prior experience.
The policy of buying this franchise is very flexible, and you don’t need to follow any long or rigorous interview method.
Moreover, they also provide many benefits to franchisees like territory protection, training & support, and resource to enhance the business growth.
However, there are some restrictions required by franchisors that franchisees have to follow in order to maintain the dignity of business.
Subsequently, the profitability of the business is also good. Wingstop has the potential to make high profits, and as compared to other restaurants, it is making a decent amount of profit.
The only loophole which can bother you in the future is the rising price of chicken fries. The historical price of chicken wings is around $1.50 per pound, and the current price is around $3.00 or more.
The price rising can affect sales because the higher cost could push some customers to a lower-cost alternative.
Overall, the Wingstop franchise is good and has the potential to make a decent amount of profit, and the requirement list is not as long as other franchises.
Read: Domino’s Franchise
Frequently Asked Questions
How many Wingstop franchises are there?
Wingstop has more than 1500 outlets around the world.
What is the annual revenue of the Wingstop Franchise?
An individual Wingstop franchise owner makes approximately $200,000 annually.
How much does it cost to buy a Wingstop franchise?
An initial investment required to open a Wingstop Franchise is $346,775 – $733,249.
Amit Gupta is the founder of DrFranchises. He has a keen interest in investments, and has thus far invested in a few franchises. Franchise businesses are his forte- he knows all there is to know about their space requirements, fees, ROI potential, and business models. This makes him an ideal candidate for anyone looking to invest in a franchise