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Home > Franchises > Wing Zone Franchise Corp.
Wing Zone Franchise Corp.
A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.
Wing Zone Franchise Corporation was founded by Matt Friedman and Adam Scott when they were undergraduates at the University of Florida in 1991. Running their business out of an organization house kitchen and delivering the wings to customers on campus, they sold out every night during their first week of business. In 1999, they began franchising and are now opening locations throughout the United States, still mainly targeting the college market. Wing Zone is based in Atlanta, Georgia.
At present there are Wing Zone restaurants in Florida, Georgia, North Carolina, South Carolina, Alabama, Mississippi, Kentucky, Tennessee, Louisiana, Pennsylvania, Texas, Washington, Illinois, Iowa, Michigan, Nebraska, New York, North Dakota, Ohio, Virginia, Wisconsin, Maryland, New Jersey, and Colorado.
The costs and fees include total investment of $189000 to $249000, franchise fee is $25000, and ongoing royalty fee is 5 percent and Term of agreement is 10 years, renewable, and renewal fee is $10000. The company’s ranking in Franchise 500 is 244 in 2006, 254 in 2005, 208 in 2004, and 493 in 2002 according to Entrepreneur magazine 2002-2006. In their continuing effort to provide each customer with great food and exceptional service, they need your help. They are committed to a thorough training process to give each franchisee the best springboard for success.
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