Top 250 Franchise by Entrepreneur – Rank no.64 – Buffalo Wild Wings – US
Products & Services: Buffalo wings & sandwiches
Number of Locations: 938
Total Investment: $1.22M – 3.25M
Began Franchising: 1991
About Buffalo Wild Wings
After moving from Buffalo, New York, to Kent, Ohio, friends James Disbrow and Scott Lowery couldn’t find a restaurant that served the Buffalo-style chicken wings they still craved, so they decided to open their own. Their first sports bar, originally named Buffalo Wild Wings & Weck (or BW-3), opened in Columbus, Ohio, in 1982. The company began franchising in 1991. In addition to wings and 14 signature sauces, Buffalo Wild Wings restaurants offer a full menu including salads, sandwiches, burgers and ribs.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $40,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 20 years, renewable
Net Worth: $1,500,000
Liquid Cash Available: $750,000
50% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 40 – 60. Absentee ownership of franchise is NOT allowed. (80% of current franchisees are owner/operators).
How This Franchise Supports Franchisees
Franchise Ranking History
|Traded as||NASDAQ: BWLD|
|Headquarters||Minneapolis, Minnesota, U.S.|
|Number of locations||925 (as of June 2013)|
|Area served||North America|
|Products||Buffalo wings, sauces|
Buffalo Wild Wings was founded in 1982 after James Disbrow, then living in Buffalo, New York, came to Kent, Ohio, to judge an amateur figure skating competition at Kent State University in 1981. He met up with his good friend Scott Lowery and went looking for a place to get authentic Buffalo-style chicken wings. Unable to find one, they decided to open up their own restaurant, first inColumbus, Ohio, and then in Westerville, Ohio one year later. Originally called Buffalo Wild Wings & Weck, from which the abbreviation BW3 was created (the third W was for the beef on weck sandwich), the restaurant became a franchise; as of December 27, 2009, it had 652 locations (232 directly owned by the company, and 420 franchised locations) across 45 U.S. states. An alternate nickname in recent usage by the company is B-Dubs. The corporate headquarters was located upstairs from their location in Clifton, Cincinnati for several years before moving to Minneapolis, Minnesota. In 2010, the company announced an expansion into Canada. In February 2012, Buffalo Wild Wings reported $495 million in total assets. In January 2013, Buffalo Wild Wings came under fire for its position of not allowing firearms on the property of company-owned stores and has led to numerous boycotts nationwide. The ban doesn’t carry the force of law in some states but in others it does legally prohibit customers who are otherwise lawfully armed from entering the establishment.
On March 7, 2005, the company restated its financial restatements to increase the pre-opening expense recorded in the Company’s income statement, to reduce the ongoing rent expense that was reflected in occupancy costs, and to increase deferred lease credits.
Buffalo Wild Wings’ Signature Sauces and Seasonings
|This section may require cleanup to meet Wikipedia’s quality standards. The specific problem is:uncited information with mostly promotional value. (March 2013)|
In order of increasing spiciness:
- Sweet BBQ
- Parmesan Garlic
- Honey BBQ
- Spicy Garlic
- Jammin’ Jalapeño
- Asian Zing
- Caribbean Jerk
- Thai Curry
- Hot BBQ
- Mango Habanero
- Blazin’ – The hottest sauce on the menu.
Past temporary sauces reintroduced for a short time in May 2011 due to overwhelming response on Facebook
- Captain Morgan Signature Sauce
- Smokey Southwestern
New sauces introduced in February 2011 but discontinued in April 2011 and reintroduced as regular menu selections in September 2011
- Thai Curry
- Jammin’ Jalapeño
In addition to the signature sauces, Buffalo Wild Wings now offers Signature Seasonings
- Salt & Vinegar
- Buffalo Rub
- Chipotle BBQ
- Desert Heat
As of July 16th 2012 Lemon Pepper has been brought back for a limited time.
Buffalo Wild Wings also offers dressings for dipping which can also be put onto wings if specially requested.
- Fat Free Ranch
- Blue Cheese
- Honey Mustard
- Southwest Ranch
- Sour Cream
No longer served
- Southwest Chipotle (limited)
- Pepper Infusion (Limited Time Offering)