East Coast Wings & Grill Achieves 12 Consecutive Years of Positive Same Store Sales
Leading Casual Family Dining Franchise Closes 2015 with Double Digit Percent Increase in New Unit Growth; On Track to Reach 100 Units in the Next Four Years
WINSTON-SALEM, N.C. - January 28, 2016 - (BUSINESS WIRE) - East Coast Wings & Grill, a North Carolina based casual family dining restaurant with an emphasis on buffalo wings, is closing out a banner year - impressing both consumer and investor palates alike.
Taking note of Americans’ increased appetite for casual family dining, East Coast Wings & Grill offers an attractive investment opportunity centered upon unit-level economics to support both operations and expansion. Achieving its 12th consecutive year of positive same store sales, which includes 45 quarters of positive comps, the company experienced a 4.1 percent growth in same store sales over 2014. Additionally, the franchise has sustained a double-digit increase in new unit growth due to the brand’s unique development strategy and continued commitment to unit-level economics.
“I am thrilled with what our national service center and corporate team have been able to accomplish with unit-level economics,” stated Sam Ballas, CEO of East Coast Wings & Grill “Much of our success can also be attributed to our strong partnerships with our franchisees. Their hard work validates that following a proven franchise system results in economic success. We are ecstatic that even with traditional national growth pressures; we were able to sustain our remarkable unit-level EBITDA lead by our owner-operated restaurants at more than 19 percent.”
Furthermore, 2015 marked the 7th consecutive year that East Coast Wings & Grill finished with new store unit growth in the double digits. Based on new leases and markets under construction, the burgeoning franchise is expecting to once again exceed a 20 percent increase in new stores for 2016. With 70 plus locations currently operating or in various stages of development, East Coast Wings & Grill opened three restaurants throughout 2015, with plans to open 10 additional locations this year. Specifically, East Coast Wings & Grill is looking to expand its national footprint in Florida, Georgia, Kentucky, North Carolina, South Carolina and Tennessee. The company anticipates reaching its 100-location milestone within the next 48 months.
The fast-growing franchise network’s growth is not going unnoticed. For the second year in a row, East Coast Wings & Grill secured itself a top spot on Restaurant Business magazine’s Future 50 list, an annual ranking of the fastest-growing small chains in the United States. Entrepreneur magazine also recently named East Coast Wings & Grill as one of the nation’s top franchise investments, and Franchise Times magazine ranked the company No. 395 on its Top 200+ of top revenue-producing franchises based in the United States. East Coast Wings & Grill was additionally ranked in the top 25 percent on the The Franchise GradeTop 500 list for transparency during the franchise sales process, corporate support, training, revenues and growth. Franchise Business Review ranked East Coast Wings & Grill in the top 50 for franchisee satisfaction.
For more information on East Coast Wings & Grill or to find the nearest location, visit www.eastcoastwings.com.
About East Coast Wings & Grill
East Coast Wings & Grill is a fast-growing, casual, family dining franchise that puts the spotlight on buffalo wings. With more than 70 locations nationwide currently operating or in various stages of development, the burgeoning franchise recently placed No. 37 in Restaurant Business Magazine’s 2015 List of Fastest Growing Mid-Size Restaurant Chains. Based in North Carolina, the concept caters to chicken wing lovers by offering dozens of varying chicken wing flavors that can be paired with nine heat intensities - resulting with hundreds of delicious choices. The extensive menu also includes salads, wraps, sandwiches, burgers and more – all using fresh ingredients. For more information about East Coast Wings & Grill or its franchise opportunities, visitwww.eastcoastwings.com or www.eastcoastwingsfranchise.com.
SOURCE East Coast Wings & Grill
Fishman Public Relations
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