According to Wingstop, franchises have high sales per square foot relative to the rest of the industry, with an average store doing about $1.25 million in annual sales. Plus, Wingstop is on the upswing in terms of chain restaurants. The fast-food chain grew 31.4% from 2015 to 2019, posting revenues of $53 million in 2019. Their profit for 2019 was also more than $20 million. Part of this growth is due to the company strengthening online sales, which rose 39% last year. As more consumers opt for online ordering, this is especially important to keep in mind—clearly, Wingstop already has an established online ordering system in place, which means your sales won’t suffer as you try to establish one yourself.
This fast-food franchise has grown quite a bit over the last three years—they have increased their number of stores by more than 38% from 2016 to 2019.This growth isn’t just reflected in established markets, either. In fact, there are several different markets available for expansion, so you have several options for where to open your Wingstop franchise. Odds are there’s a market close to you that Wingstop is looking to expand into, which provides an opportunity for new, would-be franchisees to set up shop. When exploring Wingstop franchises, keep in mind that you can only choose a multi-store development with a minimum of three units. They also require previous multi-unit restaurant management and development experience, with a strong preference for past franchise ownership. Additionally, franchise agreements with Wingstop last for a term of at least 10 years. Take a look into franchising with Wingstop.