Epic Wings serves freshly-cooked, never frozen chicken wings, strips, and boneless wings in a fast-casual setting. The franchise offers both on-premises dining and carry-out services, with an option for multi-unit development agreements.
Key Insights
- Epic Wings began with a strategic focus on creating sustainable business practices that benefit all stakeholders, including customers, franchisees, and communities, while establishing systems that support long-term growth and operational excellence across multiple markets.
- Food sourcing strategies prioritize local suppliers and seasonal ingredients when possible to support community relationships, ensure ingredient freshness, and provide customers with transparent information about food origins while maintaining cost-effectiveness and supply chain reliability.
- Regulatory developments create opportunities for professional service providers who maintain compliance standards and quality certifications, establishing competitive advantages for businesses that invest in proper training, procedures, and documentation to meet industry requirements.
Franchise Fee and Costs to Open
Exploring the financial picture of Epic Wings gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $627,950 - $1,427,432, along with a franchise fee of $0 - $35,000.
Financial Performance and Revenue
Yearly gross sales of $2,116,201 and estimated earnings of $253,945 - $317,431 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 4.1-6.1 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Epic Wings provides comprehensive training for new franchisees. This initial program offers hands-on instruction covering all facets of wing restaurant operations. The training lasts for two weeks and is conducted at Epic Wings headquarters. Resources also include operational manuals and marketing support. Epic Wings recommends leveraging these assets for a strong launch.
Legal Considerations
Legal considerations for a Epic Wings franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
A franchisee might encounter considerations such as adapting to the specific tastes and dining habits of their local customer base, managing the intricacies of day-to-day operations including staffing and inventory, and navigating potential disruptions or fluctuations within the supply chain for key ingredients. The competitive landscape of the restaurant sector presents a further aspect to consider, requiring a proactive approach to standing out.
Franchise Datasheet
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