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Originally Posted by Tex
As in you, Mike Horstman will own 3 Wing Stop's?
Way to go!
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Correct! They will allow multiple simultanious store development if you have good restaurant owning and operating experience. We do not, so at first they would only allow one store. Then 6 mos later - if your doing well- you can open another, and a month after that another and another till you're like the rich dude with 16 of em in two states.
But because me and my wife have a lot of marketable business management and accounting experience between us, they have offered us three and a huge territory from the start. Plus you have to be able to show some good liquid assets. We are able to fund this opportunity because my wife's accounting firm - where she was an owner - was bought out and they now have to purchase her shares which gives us the liquid capitol we need. Good timing too, because we both need a career change and want to own our own business.
There are three stores in Chicagoland right now doing an average of $20k/week in sales. That translates into a comfortable owner take home $. Three stores are capable of putting us well into the six figure range of annual salery. 10 months from now we will see. I hope I have time to get to the track now and then.
