Restaurant Franchise Costs: and How to Invest in a Wingers Alehouse Franchise
Interested in opening a Wingers Alehouse and becoming part of our dynamic franchise family? We’re excited to share the potential investment required to bring the unique Wingers experience to your community. At Wingers Alehouse, we believe in transparency and providing all the necessary information about franchise initial fees upfront to help you make informed decisions about your investment. This page outlines the restaurant franchise costs associated with opening a Wingers Alehouse, including initial fees, ongoing royalties, and estimated costs to open a franchise.
Restaurant Franchise Costs: Breaking Down the Investment
In order to invest in and open a Wingers Alehouse franchise location, there are a few different kinds of restaurant franchise costs. The initial franchise fee, used to buy into the franchise branding, and ongoing yearly operational fees. There are also requirements for liquid cash as well as net worth, and we cover that below.
Franchise Initial Fees
The journey to owning a Wingers Alehouse begins with an initial franchise fee of $40,000 per location. This one-time fee grants you the right to operate under the Wingers Alehouse brand and utilize our proven business model, recipes, and operational systems.
Ongoing Restaurant Franchise Costs
- Royalties: To support ongoing brand development, marketing initiatives, and operational support, a royalty fee of 4% of net sales is applied. This ensures you receive continuous support and benefit from the strength of the Wingers brand.
- Creative Development Fund Fee: A 1% fee on net sales contributes to the Creative Development Fund, which is dedicated to menu innovation, marketing campaigns, and enhancing the overall Wingers Alehouse experience for customers.
- Regional Marketing Co-op Fees: Depending on your location, you may participate in a regional marketing co-op, with fees contributing to targeted advertising and promotional efforts in your area.
Estimated Total Franchise Costs to Open a Wingers Alehouse Restaurant
The overall investment to open a Wingers Alehouse typically ranges from $250,000 to $750,000 to $550,000 for new locations. This includes costs related to:
- Furniture, Fixtures, and Equipment: This encompasses all the necessary kitchen equipment, dining furniture, and other essential items to outfit your restaurant. The price is dependent on the size of the location, how many tables and chairs there are, how large the kitchen is, and so on.
- Leasehold Improvements: Costs associated with preparing your chosen location to meet Wingers’ brand standards. We verify all locations are aligned in terms of fixtures, and that each restaurant is in clean, repaired working order.
It’s important to note that the final franchise cost of a Wingers restaurant can vary based on factors such as location, size of the restaurant, leasehold improvements, and financing options.
Financial Requirements
To ensure your best chance for success when investing in a Wingers Restaurant franchisee, we have established certain financial requirements:
- Liquid Cash Reserves: You and your partners must demonstrate a minimum of $400,000 in liquid cash reserves per restaurant.
- Net Worth: Applicants should have a combined net worth of at least $1,000,000 or more.
Detailed Information in Our Franchise Disclosure Document (FDD):
For a comprehensive understanding of the restaurant franchise costs for a Wingers Alehouse location and investment details, we encourage you to review our Franchise Disclosure Document (FDD). The FDD provides a detailed breakdown of all costs involved, ranging from $434,000 to $1,155,000, as well as legal and operational information. That cost is all-inclusive, or a bottom line. But it clearly varies, depending on the location, size, and lease agreements for your location.
Ready to Invest in a Wingers Alehouse Franchise?
If you’re passionate about the restaurant industry, possess strong business acumen, and meet the financial requirements, we invite you to learn more about becoming a Wingers Alehouse franchisee. Contact us today to begin your journey with Wingers!
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