WHAT IS THE INITIAL COST TO OPEN A WINGSUP!?
For an entire turnkey operation (including franchise fee, leasehold improvements, equipment, etc.), the cost of a new location ranges anywhere from $180,000 – $220,000.
HOW MUCH IS THE FRANCHISE FEE?
This fee is $34,500, and is included in the overall start-up cost. This gives you access and rights to our trademarks, operating systems, manuals, resources, training, procedures and everything else that makes a WingsUp! franchise successful.
HOW MUCH ROYALTIES DO I HAVE TO PAY?
Royalties are 4.5% of your weekly gross sales, paid weekly. These fees help cover ongoing business operations, business coaching, strategy, process improvements, network & systems support and delivery of goods by our Corporate team of professionals. Your success is our success, and we keep this top of mind in developing our brand together, to ensure our franchisees operate successfully.
DO YOU OFFER FINANCING?
We do not provide financing, however, we have excellent relationships with the major banks to put you in a great position to acquire financing. They offer the “Canada Small Business Loan” which can cover up to 90% of leasehold improvements, equipment, and fixture costs. Liquid capital (easily accessible or convertible cash) is needed in the amount of at least $100,000 to cover the rest of the soft costs (contractor deposits, franchise fee, legal fees, working capital, local marketing & advertising, etc.).
CAN I CHOOSE MY OWN LOCATION?
WingsUp! will find the site and conduct lease negotiations on your behalf, however we prefer to make this a mutual discussion and decision. If you believe a WingsUp! will work in your local area, or you have an existing restaurant space that can be converted, we would be happy to work with you to explore these opportunities together.
HOW MUCH MONEY WILL I MAKE?
Your income depends on many factors, including operating and occupancy costs, financing terms, in-store efforts made by franchisee partners and their staff, and economic factors. Your success is our success, and we’ll consistently work with you to help your business reach its full potential.
How many vendors will I have to deal with?
In order to stream line our vendor list and improve cost efficiency we have narrowed our
approved vendor list to anywhere from 3 to 5 vendors this will allow for ease of ordering
and consistency. Through our own distribution center we provide all our branded products,
generic packaging, beverages and a variety of other supplies that are necessary for smooth
day to day operations. Our purchasing department negotiates with all vendors and makes
sure that they are competitive and offer some of the best quality products to guarantee
our franchisees get unsurpassed value.
To what extent will I be trained?
You will be provided a full training manual that details our recipes and product assembly
right from the raw vendor supplied produce until the finished product is presented to the
customer. To accompany your manual you will receive in store and in class training. Only when
an acceptable level of knowledge has been achieved will you be ready to operate your restaurant.
Do I need any qualifications to join your team?
While we do not look at qualification in any type of academic terms, we are always looking
for individuals that share the same basic principles that we have found ever so valuable to
our growth and long term sustainability. A good work ethic combined with dedication and
loyalty have made us strong today and will keep us strong in the future.
Some other basic requirements that we like to see from all potential team members are:
-You must be financially capable of funding your franchise.
-You must have commitment to quality customer service.
-You must have some management skill.
-You must have the staying power required to begin, maintain, and envision the growth of your restaurant.
-You must be willing and capable of being involved in the day-to-day operations of your restaurant, after all, it’s your business.