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Buffalo Wings & Rings Franchise ProfileFood Franchises > Casual Dining |
What is the Initial Investment for a Buffalo Wings & Rings Franchise?
The initial investment for a Buffalo Wings & Rings franchise ranges from $1,110,200 to $1,561,600. This includes a franchise fee of $40,000. Additionally, potential franchisees should prepare to have liquid cash between $50,000 and $100,000 available, along with a net worth of $500,000 to $1,000,000 to meet the financial prerequisites for ownership.
What Are the Financial Performance Metrics for Buffalo Wings & Rings?
On average, Buffalo Wings & Rings franchises generate annual revenues of approximately $2,453,953, with a median revenue of $2,045,195. The lowest annual revenue recorded is $953,736, while the highest reaches $3,986,266. Franchisees can expect to break even within 12 months and see a return on their investment within 24 months, making it a potentially lucrative opportunity.
What Are the Ongoing Fees for Buffalo Wings & Rings Franchisees?
Franchisees of Buffalo Wings & Rings are responsible for ongoing royalty fees of 5% of gross sales, along with a marketing fee of 2%. These fees are essential for maintaining brand standards and supporting marketing efforts that drive customer traffic to the restaurant. Understanding these fees is crucial for managing overall profitability.
What Are the Average Running Expenses for a Buffalo Wings & Rings Franchise?
The average running expenses for a Buffalo Wings & Rings unit total approximately $1,391,993 annually. Key expense categories include labor and benefits at $679,059, controllable expenses at $282,617, and occupancy costs at $189,108. Franchisees should be aware of these costs to effectively manage their budget and ensure sustainable operations.
Buffalo Wings & Rings Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
The minimum total assets (minus liabilities) you must possess.
Net Worth Required:
The estimated period to recoup your total investment.
Investment Payback:
The initial fee paid to join the franchise system.
Franchise Fee:
Ongoing percentage of revenue paid to the franchisor.
Royalty Fee:
Regular contribution toward the franchise’s advertising fund.
Marketing Fee:
The estimated timeframe to recover your initial costs.
Breakeven Time:
The total amount required to launch the franchise.
Initial Investment:
The minimum liquid capital you must have on hand.
Cash Required:
The typical yearly revenue generated per franchise location.
Average Revenue:
The middle value of yearly revenue among franchise locations.
Median Revenue:
The largest reported annual revenue among franchisees.
Highest Revenue:
The smallest reported annual revenue among franchisees.
Lowest Revenue:
A broad sector defining similar types of franchise businesses.
Industry:
A more specific division within the broader industry.
Category:
The key individuals guiding the franchise’s strategy and growth.
Leadership:
The official business address of the franchisor’s headquarters.
Corporate Address:
Available financing options to help start the franchise.
Funding Year:
The main organization that owns the franchise brand.
Parent Company:
Buffalo Wings & Rings Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
| Units | 2017 | 2018 | 2019 |
|---|---|---|---|
| Total Units | 51 | 58 | 57 |
| Net Change YoY | 7 | -1 | |
| Franchised Units | 47 | 53 | 52 |
| Net Change YoY | 6 | -1 | |
| Corporate Units | 4 | 5 | 5 |
| Net Change YoY | 1 | 0 |
Company Background
Buffalo Wings & Rings is a casual dining franchise specializing in wings, burgers, and a variety of appetizers. Founded in 1984, the brand has grown to create a unique sports-centric atmosphere that appeals to families and sports enthusiasts alike. With a focus on high-quality food and exceptional guest service, Buffalo Wings & Rings is dedicated to providing an enjoyable dining experience in a vibrant environment.
Franchise Opportunity
Owning a Buffalo Wings & Rings franchise presents a lucrative opportunity for aspiring entrepreneurs. With a proven business model and strong brand recognition, franchisees benefit from comprehensive training and ongoing support. The franchise's commitment to quality and customer satisfaction positions it well within the competitive casual dining market, making it an attractive option for those looking to invest in a thriving industry.
Investment Requirements
The initial investment for a Buffalo Wings & Rings franchise ranges from $1,110,200 to $1,561,600, including a franchise fee of $40,000. Prospective franchisees need to have a cash reserve of $50,000 to $100,000 and a net worth between $500,000 and $1,000,000. These requirements ensure that franchisees are well-prepared to manage their business effectively and contribute to the brand's success.
Financial Performance
Buffalo Wings & Rings franchises average annual revenue per unit is approximately $2,453,953, with a median revenue of $2,045,195. The breakeven period is around 12 months, and franchisees can expect to see their investment payback within 24 months. This financial performance highlights the brand's potential for profitability and growth in the casual dining sector.
Ongoing Fees
Franchisees are required to pay a royalty fee of 5% of gross sales and a marketing fee of 2%. These fees support the brand's marketing initiatives and ongoing operational support, helping to drive sales and enhance the overall franchisee experience. Understanding these fees is crucial for franchisees to effectively manage their financial expectations.
Brand Growth
Buffalo Wings & Rings has demonstrated consistent growth, with a total of 58 units in 2018, up from 51 in 2017. The brand has maintained a steady number of franchised units, showcasing its resilience in the market. As the franchise continues to expand, opportunities for multi-unit ownership and strategic growth are becoming increasingly available for interested investors.
Frequently Asked Questions
The initial investment for a Buffalo Wings & Rings franchise ranges from $1,110,200 to $1,561,600. This includes the franchise fee, equipment, and other startup costs.