11-29-2006, 02:49 PM
Tex Wrote:As in you, Mike Horstman will own 3 Wing Stop's?
Way to go!
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.
You're never to old to be immature