Wings Etc. is a family-oriented sports-themed restaurant featuring chicken wings, sandwiches, burgers, and beverages including beer, wine, and liquor for dine-in and carry-out. The franchise combines a casual atmosphere with a broad menu selection.
Key Insights
- Wings Etc. began with a vision to create a go-to destination for flavor-packed chicken wings and sports entertainment, evolving into a recognizable brand known for its casual atmosphere and diverse menu. The franchise operates as a full-service restaurant and sports bar, offering a range of appetizers, burgers, salads, and its signature wings, alongside a selection of beverages.
- The business provides a familiar and engaging dining experience, focusing on quality food and a lively environment. Franchisees benefit from established operational procedures and a recognized brand identity, contributing to its presence in the competitive casual dining sector.
- Operating within the dynamic sports bar and casual dining industry, the franchise caters to a broad customer base seeking entertainment and a relaxed meal. This sector remains a significant part of the food service market, appealing to consumers for social gatherings and everyday dining occasions.
Franchise Fee and Costs to Open
Exploring the financial picture of Wings Etc 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 $1,618,650 - $2,881,100, along with a franchise fee of $25,000 - $25,000.
Financial Performance and Revenue
Yearly gross sales of $1,471,801 and estimated earnings of $103,027 - $147,181 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 18.5-20.5 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
Wings Etc. provides comprehensive initial training designed to equip new franchisees for success. This program offers extensive instruction covering all facets of operating a Wings Etc. location. The standard initial training period lasts two weeks and is conducted at the franchisor's headquarters. Wings Etc. also offers ongoing support and resources to assist franchisees throughout their business journey.
Legal Considerations
Legal considerations for a Wings Etc franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Operating a Wings Etc. franchise involves navigating the local competitive landscape, where numerous eateries may vie for customer attention. The franchise model also presents operational complexities in maintaining brand standards, managing inventory, and staffing effectively to ensure consistent quality. Furthermore, reliance on specific supply chains for signature ingredients necessitates careful vendor management and contingency planning.
Franchise Datasheet
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