High Volume Well-Established Wing Zone Richmond, VA-Sales +1 Million

Richmond, VA (Henrico County)

Seller Financing Available
High Volume Well-Established Wing Zone Richmond, VA-Sales +1 Million
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Asking Price: $179,000

Cash Flow: $119,165

Gross Revenue: $1,090,041

EBITDA: N/A

FF&E: N/A

Inventory: $5,500*

Rent: $3,685 /Month

Established: 2007

*not included in asking price.

High Volume Well-Established Wing Zone Richmond, VA-Sales +1 Million

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Business Description

Immediate money-making opportunity! You can own a high-volume restaurant in Richmond at a fraction of building a new one. This location is for sale at a very attractive price and will not last long. Wing Zone is looking for a great franchisee or a multi-unit operator looking to add another concept to their portfolio. They will help get you trained running this turnkey restaurant.

For more than a dozen years, this well-established Wing Zone has delivered Richmond's best wings, burgers, tenders and more. Boasts incredible sales volume. And a long successful track record. Over the years, they've served up millions of wings throughout the area.

An Award-Winning Proven Concept: You’ll be a part of a franchise system that was recently voted a 2019 Top 100 Mover & Shaker from Fast Casual Magazine.

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 our cooked-to-order original and boneless wings, hand-breaded chicken tenders, along with burgers, sandwiches, wraps, quesadillas and salads.

A Simple Operation - Counter Service: Whether it’s dine-in, carryout, or delivery, Wing Zone pleases guests for dinner and late night. And, they are party pleasers too! They cater tailgates, office lunches and every type of event with their party packs and platters. Guests order online and rack up rewards through our easy-to-use mobile app. And this location also serves bottled beer!

Location: Prime retail space in the Shoppes At Staples Mill, a busy strip center with ample parking. Along with Roma Ristorante Italiano, Paocakes Bake Shop, Top Game Brazilian Jiu-Jitsu, Invidia Hair Design and more. Perfectly situated just off US-33 on Staples Mill Rd and Hermitage Rd. Boasts high visibility, easy access and over 42,000 vehicles per day.

Value of Inventory (Not Included In Asking Price): $5,500

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.

Listed By Ted Aretos at EatZ & Associates

Detailed Information

Location:
Richmond, VA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
12/17/2020
Employees:
25
Facilities:
Leased space $3,685/mth gross (also included water). Current lease expires Dec 2020 with one 3-year option. Square Feet: 2,000. Seating: 40. Days/Hrs of Operation: Daily 11a-12m. Value of FF&E: 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 & 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, Texas, Illinois, Ohio, Wisconsin, New York, Maryland and Virginia. In 2018, the company also expanded its menu to include new lines of vegetarian options including triple grilled cheese, a chipotle black bean burger, grilled wraps and unique desserts as part of a shift to a broader, better menu in line with evolving consumer tastes. And Wing Zone will continue to introduce new items, new product innovations and more bold flavors in 2019 and beyond. The franchise is always looking to find ways to adapt and evolve their model and menu to satisfy customers, while also reducing food costs for their franchisees. Wing Zone currently has nearly 100 locations across the globe with more opening. Wing Zone will open 8 new domestic locations in 2019 in N Carolina, S Carolina and Alabama while also expanding overseas by adding 10-11 new international locations in Panama and the Philippines.
Financing:
Possibly, to a well-qualified buyer with substantial down.
Support & Training:
4 weeks = 3 weeks training with corporate Wing Zone, followed by 1 week comprehensive on-site training. Plus, outstanding franchise support and services for long term success.
Reason for Selling:
Other interests.
Franchise:
This business is an established franchise
Business Website:
http://www.wingzone.com
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Ted Aretos

Business Listed By:
Ted Aretos

EatZ & Associates

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Sponsoring Broker:
Tom Traina

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