For franchisees in search of a solid corporate partner, Wingstop is one of the more interesting — and lucrative — options. Wingstop, has been rapidly growing their wings rapidly with already 500 locations in the U.S. and Mexico. Here are three big reasons why Wingstop franchise financing could be the best choice for establishing a strong foothold in your local market:
1. Wingstop locations average high sales per square foot. With a 70% carryout rate, seating is a minor concern compared to most fast-food franchise choices. This opens up new options for locations that most major franchises cannot begin to work with, and lowers ongoing costs.
2. Franchises require less active labor. As noted by Entrepreneur Magazine, Wingstop averages 8-10 employees for full-scale operation. Wingstop’s product is uniquely suited to scaling, as well, so increasing customer volume is manageable with few or no new hires.
3. The Wingstop brand focuses squarely on wings. As current franchisees happily note, Wingstop’s offerings revolve entirely around wings. This keeps local employee training streamlined, even as corporate introduces new wing flavors. And it helps build up a loyal customer base, who come to rely on a consistent level of quality, including from new menu items.
This is where financing comes in. The safe and efficient way to get your new Wingstop franchise started is to select a partner to finance your start-up costs. Depending on your immediate need and remodeling project, IRH Capital finances up to 100% of franchise startup costs.
With the low startup and ongoing costs of running a Wingstop franchise, IRH Capital partners with franchisees to develop a unique financing plan based on their expected customers, regional specifics, and more. Contact our Wingstop financing specialist, Eddie Bonilla, to learn more about how we can help establish, and grow, your franchise.