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General

Industry

Food and Beverage

Category

Full-Service Restaurant

Works with Franchise Brokers

Yes

Year of Founding

2002

Fees

Marketing Fee

2-3%

Royalty Fee

5%

Franchise Fee

$40,000-$40,000

Investment Range

$428K-$1.02M

Location units

Total U.S. Locations

33

U.S. Franchised Units

30

U.S. Corporate Units

3

Headquarters (City)

Winston-Salem

Other

Item 19 - Franchise Financials

Yes

E-2 Visa Eligibility

No

Started Offering Franchises

2006

Issuance of FDD Data

06/10/2022

Key Indicators

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Franchise Payback Period (Years)

Owner Salary / Compensation

Average Unit Volume (AUV)

Franchise Cost

$428K-$1.02M

Franchise Fee

$40,000-$40,000

What to know about East Coast Wings + Grill franchise?

East Coast Wings + Grill was founded in 2001 by Sam Ballas, who bought an existing wing restaurant and expanded upon the concept. The goal was to create a casual dining experience that served Buffalo-style wings with a variety of flavors, fresh salads, flatbreads, burgers, wraps, and sandwiches. The atmosphere is warm and inviting, with a craft beer bar. East Coast Wings + Grill now has locations across the United States. Franchise opportunities are available for those interested in owning their own restaurant. East Coast Wings + Grill franchisees own and operate a casual dining restaurant emphasizing chicken wings, sandwiches, burgers, ribs, appetizers, a variety of specialty flavored wings. As the franchisor, they provide services to their franchisees, including assistance with training, operations, advertising, purchasing and promotional techniques.

East Coast Wings + Grill is based in Winston-Salem, NC. Scroll down to learn more!

How much does a East Coast Wings + Grill franchise cost?

Are you wondering how much is a East Coast Wings + Grill franchise? Before starting a East Coast Wings + Grill franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a East Coast Wings + Grill franchise is $427,968 and can go all the way up to $1,021,275. Keep in mind, you should also allocate additional funds to live off of while the East Coast Wings + Grill business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 East Coast Wings + Grill franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a East Coast Wings + Grill business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your East Coast Wings + Grill franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Download our guide to compare East Coast Wings + Grill. Hotels to the Full-Service Restaurant, Outdoor Food and Beverage industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 32 2 1 33
2017 33 2 3 32
2018 32 4 2 34
2019 34 1 1 33
2020 33 0 2 31
2021 31 0 1 30

Additional Details

How much does a East Coast Wings + Grill franchise owner make?

East Coast Wings + Grill franchise earnings and revenue can vary significantly from one franchisee to another.
The East Coast Wings + Grill franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

East Coast Wings + Grill discloses financials at the unit level. In other words, they show how much East Coast Wings + Grill franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the East Coast Wings + Grill franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like East Coast Wings + Grill. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those East Coast Wings + Grill owners were making.

Visit the East Coast Wings + Grill metrics tab to explore the financials for this business.

What is the East Coast Wings + Grill franchise fee?

Owning a East Coast Wings + Grill franchise requires 5% royalty fee and 2-3% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the East Coast Wings + Grill Franchise Disclosure Document

Keep in mind, there is also an initial East Coast Wings + Grill franchise fee of $40,000 that is included in the initial investment amount of $427,968 to $1,021,275. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the East Coast Wings + Grill franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the East Coast Wings + Grill franchise fee of $40,000.

Visit the East Coast Wings + Grill metrics tab to explore the financials for this business, royalty and marketing fees compare to other Food and Beverage franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was East Coast Wings + Grill founded?

East Coast Wings + Grill started offering franchises in 2006. East Coast Wings + Grill was founded 20 years ago in 2002.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many East Coast Wings + Grill locations are in the U.S.?

As of 2022, there were 30 locations across the U.S. There are also 3 corporate locations. Most Food and Beverage franchises like East Coast Wings + Grill have more franchised locations than corporate locations.

How many East Coast Wings + Grill franchises opened over the past few years?

Over the prior 3 years we have data for, East Coast Wings + Grill has opened 1 outlets throughout the U.S. Visit the East Coast Wings + Grill metrics tab to explore how the openings compare to other Food and Beverage franchises.

How many East Coast Wings + Grill franchises closed over the past few years?

Over the prior 3 years we have data for, East Coast Wings + Grill has closed 4 outlets throughout the U.S

Visit the East Coast Wings + Grill metrics tab to explore how the openings compare to other Food and Beverage franchises.

Is East Coast Wings + Grill growing? Are they opening more locations than they are closing?

The net unit growth rate for East Coast Wings + Grill over the past 3 years is -12%. Over the last year we have data for, East Coast Wings + Grill had a net unit growth rate of -3%.

Without a comparison, this number doesn’t mean much. Compare how the East Coast Wings + Grill growth rate compares to 2,000+ other franchises and Industry franchises like East Coast Wings + Grill. More info in the East Coast Wings + Grill metrics tab.

Is East Coast Wings + Grill franchise eligible for an SBA Loan?

East Coast Wings + Grill is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

East Coast Wings + Grill franchise was assigned the SBA Franchise ID of S0561 on 10/01/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like East Coast Wings + Grill that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is East Coast Wings + Grill a franchise in the United States?

According to the SBA, East Coast Wings + Grill meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that East Coast Wings + Grill provides you with an FDD if you are in discussion to buy a East Coast Wings + Grill.

What is the East Coast Wings + Grill Franchise for Sale Rate?

The East Coast Wings + Grill systemwide health and franchisee satisfaction can be measured by the East Coast Wings + Grillfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

East Coast Wings + Grill franchise for sale rate over the past 3 years is 15%. Over the last year we have data for, East Coast Wings + Grill had a franchise for sale rate of 3%.

Without a comparison, this number doesn’t mean much. Compare how the East Coast Wings + Grill franchise for sale rate compares to 2,000+ other franchises and Industry franchises like East Coast Wings + Grill. More info in the East Coast Wings + Grill metrics tab.

What is the East Coast Wings + Grill Franchise Failure Rate?

East Coast Wings + Grill franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

East Coast Wings + Grill failure rate over the past 3 years is 13%. Over the last year we have data for, East Coast Wings + Grill had a franchise failure rate of 3%.

Without a comparison, this number doesn’t mean much. Compare how the East Coast Wings + Grill franchise for sale rate compares to 2,000+ other franchises and Industry franchises like East Coast Wings + Grill. More info in the East Coast Wings + Grill metrics tab.

How can I find out more details on East Coast Wings + Grill franchise?

Visit the East Coast Wings + Grill metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

East Coast Wings + Grill

$724,622

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

East Coast Wings + Grill

5%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

East Coast Wings + Grill

$40,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Food and Beverage

Category

Full-Service Restaurant

Works with Franchise Brokers

Yes

Year of Founding

2002

Fees

Marketing Fee

2-3%

Royalty Fee

5%

Franchise Fee

$40,000-$40,000

Investment Range

$428K-$1.02M

Location units

Total U.S. Locations

33

U.S. Franchised Units

30

U.S. Corporate Units

3

Headquarters (City)

Winston-Salem

Other

Item 19 - Franchise Financials

Yes

E-2 Visa Eligibility

No

Started Offering Franchises

2006

Issuance of FDD Data

06/10/2022

Detailed Franchise metrics for East Coast Wings + Grill

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for East Coast Wings + Grill below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

East Coast Wings + Grill

-6%

-12%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

East Coast Wings + Grill

NA

15%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

East Coast Wings + Grill

NA

13%

Industry median

All franchises median

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Business details

Website

http://www.eastcoastwings.com/

Business email

i***@eastcoastwings.com

Mailing address

100 Cambridge Plaza Drive

State headquarters

North Carolina

Contact Name

East Coast Wings + Grill

Phone

+1 (000) 0********00

City

Winston-Salem

Zip code

27104
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