The Buffalo Wild Wings Company was opened in 1982 by two men from the city of Buffalo, New York. Reasoning for opening a Buffalo Wings Restaurant was that they could not find any of their favoured Buffalo wings to eat anywhere after they moved in Kent, Ohio.
The Buffalo Wild Wings company started franchising in 1991 and today they have more than 350 franchise restaurants open across the U.S. They are ranked the number ten fastest growing franchise in the U.S. The current president of Buffalo Wild Wings is Sally Smith.
Why should you open a Buffalo Wild Wings Franchise, what is on the menu?
The Buffalo Wild Wings has a sports theme and it has many TV screens viewable at all of it’s locations. People largely want to eat Buffalo Wild Wings accompanied by one of their 14 signature sauces. The Buffalo Wild Wings restaurants also prepare salads, Buffalo burgers, appetizers and various specials. By opening a franchise you will not only get the people in your neighbourhood satisfied, but you will also earn money and respect from everyone.
Costs associated with starting a Buffalo Wild Wings Franchise
The total investment for a Buffalo Wild Wings Franchise is somewhere between $1,120,000 and $3,030,000, depending on the size and location of the restaurant.
The Buffalo Wild Wings Franchise fee is $42,500, while the ongoing royalty fee is 5%.The agreement term is for 10 years, and is renewable.
For the moment, there isn’t any kind of available financing from Buffalo Wild Wings.
You will need to have at least $1,500,000 in available funds as this is the net worth requirement.
$500,000 is the minimum cash liquidity requirement
Furthermore you will be expected to have business experience and a track record of success.
Many people have great success and over 50% of the franchisees, own more than one unit.
The number of employees that is required to work at a Buffalo Wild Wings restaurant unit is between 40 and 60, depending on the size of the restaurant.
Buffalo Wild Wings Franchise Training and support
The available training offered by the Company consists of 4 weeks of training at their headquarters or 2-3 weeks at the franchisee’s location.The ongoing support available includes: newsletters, meetings, Internet, toll-free phone lines, a Grand Opening, and security advice.
The Buffalo Wild Wings Company also offers to its franchisees marketing support such as: co-op advertising, ad slicks, national media and regional advertising.
How to apply for a Buffalo Wild Wings Franchise
If you can meet all the requirements you can apply at their website www.buffalowildwings.com for a franchise. After sending the completed form, a Buffalo Wild Wings employee will call you to schedule an appointment and talk about additional information.
Buffalo Wild Wings Franchise contact details
The Buffalo Wild Wings address is: 5500 Wayzata Blvd., #1600 Minneapolis, Minnesota 55416
Telephone: (800)499-9586 or (952)593-9943.