A Busy Shopping Center Walking Distance From The Growing University Of North Carolina-Charlotte Campus With 30,000 Students
Charlotte, NC
Asking Price: $119,000
Gross Sales: $689,008
Net Operating Income: $124,687
Monthly Rent: $2,436
Lease Expiration: 09/2024
Options: One 5-Year Option
Year Established: 2003
Owner Operated: No
Seller Financing: No
Food Type: Burgers, Salads, Sandwich Shop, Wings
Service Type: Fast Food
Business Type: Franchise
Sale Type: Business

Description:

A turn-key profitable franchise in Charlotte, North Carolina. Also an exclusive territory with a two-store expansion opportunity. Looking for a great franchisee or a multi-unit operator looking to add another concept to their portfolio. Save over $200,000 in construction and equipment. This Charlotte franchise location is for sale at a very attractive price!

Be a part of an award-winning Proven Restaurant Concept. A franchise system that was recently voted a 2019 Top 100 Movers & Shakers from Fast Casual Magazine!

Because their Amazing Flavors Create Flavorholics. Wing Zone is known for its 17 award-winning flavors like Ragin’ Cajun, Smokin Q and Blackened Voodoo. They flavor-fuse their cooked-to-order original and boneless wings, hand-breaded chicken tenders, along with burgers, chicken sandwiches, wraps and salads.

Whether it’s dine-in, carryout, curbside pickup or delivery, Wing Zone pleases guests for lunch, dinner and late night. And they are party pleasers too - catering tailgates, office lunches and every type of event with their party packs and platters. Guests order online and rack up rewards through their easy-to-use mobile app.

For Atlanta-based Wing Zone, sales have actually risen during the pandemic. While most stores do have dining rooms, in-restaurant dining typically only made up less than 10% of Wing Zone system’s overall sales. And in fact, for them direct delivery is a more profitable customer. The brand has also rolled out new uniforms and hot bags, as a general refreshing of the appearance and equipment for its delivery drivers.

Wing Zone is also now offering curbside pickup and delivery. To support this, the franchisor has been getting out there with social media messages for customers and direct communication with franchisees which have both enabled their current industry-bucking sales gains! And from the stores that do work with 3rd-party providers, Friedman said sales have not decreased.

Looking ahead to some future normalcy, when things do reopen, Friedman expects a surge in office and catering orders, as well as from people who have had recent, positive delivery experiences with the brand.

Feel free to stop by the location as a customer first. This is a highly confidentially listing, please do not talk to any of the employees or patrons. If interested, contact EatZ for more information. Showings by appointment only.

Business Website: https://wingzone.com
County: Mecklenburg
Location:

Prime retail space in the Terraces At University Place, a beautiful busy shopping center within walking distance from the growing University of North Carolina-Charlotte campus with almost 30,000 students.

Other popular eating & drinking establishments in the center include Caribbean Hut, Lotus Buffet, Smoothie King, Stoll Pigeons, The Press Box, The Flying Saucer and more.

Perfectly situated in an amazing mixed-use development surrounded by shops, grocery stores, eateries, bars, and student housing. Located just minutes from I-85 and I-485. It's also in close proximity to the light rail, new residential & commercial developments and downtown Charlotte. Boasts high traffic counts and huge exposure with 34,300 vehicles per day!

Real Estate: Leased
Facilities:

Leased space - cheap $2,436/mth gross. Current lease expires in Sep 2024 with one 5-year option. Flexible landlord. Square Feet: 1,111. Seating: 10. Days/Hrs of Operation: Mo-We 11a-12m, Th-Sa 11a-3a, Su 12n-12m (additional delivery hours on Fr-Sa till 3a)

Number of Employees: 10
Support/Training:

One week training on-site & three weeks corporate training off-site. Plus, outstanding franchise support and services for long term success.

Value of FF&E: Included In Asking Price
Value of Inventory: $5,000 (Not Included In Asking Price)
Competition:

Amazing wings and so much more! Wing Zone is all about their award-winning flavors. Their lineup of distinctive, crowd-pleasing flavors is the result of over 25 years of research, development and dedication. Offers the greatest variety of award winning and trademarked flavors.

Boasts intensely loyal customers. Plus, there’s the enduring popularity of chicken wings among the American population. Everybody loves wings and demand is always on the rise. Wings is the one business that perpetually flourishes in the United States. Wings are wildly popular as a snack, an appetizer or a main dish. People love their wings.

Among the chosen few to ever be inducted into the Buffalo Wing Hall of Fame. Wing Zone’s flavors are recognized year after year as the Festival Favorite at the National Buffalo Wing Festival where “Buffalo Bliss” is the official flavor for the wing-eating competition. Wing Zone has also received awards for “Hot Shot,” “Thai Chili” and “Garlic Parm.” For more than 25 years, they’ve been a leader in the delivery and takeout restaurant industry. One of the 10 best franchise wing concepts in America. Also been named by Inc. Magazine, Success Magazine and Entrepreneur Magazine as one of the fastest growing franchise concepts in the industry. Continues to be featured on the Food Network, ESPN, CNBC and Fox News Show.

Growth and Expansion:

Wing Zone started on the University of Florida campus in 1991. Their first location opened in Gainesville, FL in 1993. Wing Zone has since grown with restaurants now in Florida, Georgia, S Carolina, N Carolina, Mississippi, Alabama, Kentucky, Louisiana, Missouri, Texas, Illinois, Ohio, Wisconsin, New York, Maryland and Virginia.

Seller Financing Available: No
Reason For Selling: Personal.