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.–(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 Grade Top 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, visit www.eastcoastwings.com
or www.eastcoastwingsfranchise.com.
Contacts
Fishman Public Relations
Toni Lewin, 847-945-1300
tlewin@fishmanpr.com
