August 05, 2011 // Franchising.com // RICHARDSON, Texas – Wingstop announced today that the company has signed 36 development agreements since January that will result in 101 new store openings over the next several years.
Wingstop has 485 locations open and 175 restaurants in various stages of development. The recent franchise and development agreements include:
"Wingstop is opening its 500th location this year, and we're on track to double that number within five years," said Dave Vernon, vice president of franchise development for Wingstop. "Our veteran and new franchise brand partners recognize strong AUVs, the simplicity of our operations and a focused, quality menu."
Wingstop has experienced same store sales growth for eight consecutive years. The company's next phase of development will target growth in Cleveland, Chicago, Detroit and the Northeast.
Founded in 1994 and headquartered in Richardson, Texas, Wingstop has more than 480 restaurants open across the United States and Mexico. With a sole focus on chicken wings, the Wingstop menu features nine wing flavors including Original Hot, Cajun, Atomic, Mild, Teriyaki, Lemon Pepper, Hawaiian, Garlic Parmesan, and Hickory Smoked BBQ. Wings are made fresh, cooked-to-order and customers can also choose from homemade side dishes including Wingstop's award winning fresh-cut seasoned fries. Wingstop has experienced eight consecutive years of positive sales increases, was named a Top 10 Best Franchise Deal by QSR magazine, was crowned Wing King at the National Buffalo Wing Festival and has been voted 'best wings' in markets across the country. Troy Aikman, three-time Super Bowl champion and Hall of Fame quarterback, has served as the chain's national spokesman since 2003 and recently joined the Wingstop Board of Directors. Wingstop was acquired in 2010 by Roark Capital Group, an Atlanta-based private equity firm that specializes in business and consumer service companies with attractive growth prospects and revenues ranging from $20 million to $1.0 billion. For more information visit wingstop.com, wingstopfranchise.com or facebook.com/Wingstop.