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SOURCE Wingstop Restaurants, Inc.
Development agreement includes 50 restaurants with first grand opening later this year
DALLAS, Feb. 13, 2014 /PRNewswire/ -- Wingstop Restaurants, Inc., now in its 20th year in business, is expanding to the Philippines thanks to an exclusive development agreement announced today with Wingstop Philippines, Inc. to open 50 restaurants across the country. The first location is scheduled to open later this year.
"We cannot wait to introduce 'The Wing Experts' to our guests in the Philippines," said Walden Chu, president of Wingstop Philippines. "The Wingstop brand is a synergistic addition to my group's [CBTL Holdings] vision of building a portfolio of trustworthy and delightful industry-leading companies."
The expansion is the latest in a series of international milestones for Wingstop, which recently opened new restaurants in Russia and Singapore. Wingstop has over 600 restaurants around the world and commitments for more than 500 additional restaurants with plans to open more than 85 of those this year.
"We're excited to enter the Philippines and to embark on another great international partnership," said Wingstop's Chief Development Officer Dave Vernon. "Following a record-breaking year of development in 2013, the demand for Wingstop continues to flourish around the globe. This agreement puts us well on our way to what we expect to be another record year of growth for Wingstop."
More information on international development opportunities and franchising information is available at http://www.wingstopfranchise.com/international.aspx.
Founded in 1994 and headquartered in Dallas, Texas, Wingstop has more than 600 restaurants open across the United States, Mexico, Russia and Singapore. The "Wing Experts" menu features classic and boneless wings with 10 bold, distinctive flavors including Original Hot, Cajun, Atomic, Mild, Teriyaki, Lemon Pepper, Hawaiian, Garlic Parmesan, Hickory Smoked BBQ and Louisiana Rub. Wingstop's wings are always cooked to order, sauced and tossed and served with a variety of house-made sides including Wingstop's seasoned fries. Wingstop has experienced 10 consecutive years of positive sales increases, was named a Top 10 Best Franchise Deal by QSR magazine, and has been voted "best wings" in markets across the country. Wingstop is owned by affiliates of 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 over $3 billion. For more information visit wingstop.com, wingstopfranchise.com, twitter.com/wingstop or facebook.com/Wingstop.
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