The success rate for opening a franchise is 90% according to Entrepreneur magazine. 91% of franchisees are still operating after 7 years which outpaces start-ups by 71%.
Investment
When considering Buffalo Wings & Rings as your own franchise, we encourage you not to shy away from your thoughts if you aren’t familiar with the Food & Beverage industry. No prior restaurant experience needed — management talent may be recruited — but prospects must be passionate about executing the mission of the brand and excited to engage in the business and ensure that our customers always leave happier than when they came in.
Buffalo Wings & Rings International enters franchise partnerships via Area Development Agreements that grant exclusive territorial and market rights. The standard development rights include opening 5-restaurants during a 5-year period.
Minimum liquid capital requirements of $1,000,000 are typically needed to open a 400 square meter Buffalo Wings & Rings restaurant. The actual amount can vary, but initial capital is used to cover franchisee and area development fees, building costs, furniture fixture and electric costs, soft costs, and other related expenses.
Franchise P&L Estimate
Steps to Ownership
Franchise Cost Per Location
The budgets estimated are based on a 400 meter space for Buffalo Wings & Rings. These amounts are estimates only. Other factors that could impact final budgets are local building health codes, labor costs, and condition of spaces.
| Items | Estimate |
|---|---|
| Franchise Fee | $35,000 |
| Building Costs | $200,000 |
| Furniture, Fixtures and Equipment | $270,000 |
| Soft Costs | $53,000 |
| Royalties | 6%* |
* Depending on the region of each franchise
Commercial Terms
No prior restaurant experience needed – management talent may be recruited – but prospects must be passionate about executing the mission of the brand and excited to engage in the business and ensure that our customers leave happier than they came in. Buffalo Wings & Rings enter franchise partnership via Area Development Agreements that grant exclusive territorial and market rights. The standard development rights include opening 3 – 5 full-service restaurants in a 5 year period.
| Break Down | Estimate |
|---|---|
| Area development fees (If Applicable) | $105,000 |
| Minimum Net Worth Requirements | $1,000,000 |
| Royalties | 6% |
Qualification Criteria
Commitment
Buffalo Wings & Rings enter franchise partner- ships via Area Development Agreements that grant exclusive territorial and market rights. The Standard development rights include opening 3 – 5 full-service restaurants in a 5-year period.
Experience
No prior restaurant experience needed management talent may be recruited — but prospects must be passionate about executing the mission of the brand and excited to engage in the business and ensure that our customers leave happier than they came in.
Financial Resources
Minimum of US $1,000,000 minimum liquid capital requirement