East Coast Wings & Grill Foresees To Strong 2013 As It Enjoys 2012 Results

Tuesday, January 08, 2013

Enjoying its 36th consecutive quarter of same store sales increases, East Coast Wings & Grill, a concept known for its 75 flavors of award-winning buffalo-style wings,foresees 2013.

The North Carolina-based chain signed 8 new development deals for a total of 42 locations nationwide in addition to opening three restaurants in 2012. With more than 100 locations currently in development, East Coast Wings & Grill expects to open 12 additional locations by the end of the year, with more than 100 locations currently in development.

Sam Ballas, CEO of East Coast Wings & Grill said "We are excited about the growth the brand experienced this past year. With average Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) per location at 19.1 percent in 2011, and positive same-store sales for the 36th consecutive quarter, we continue to be contacted by savvy multi-unit operators and investors who realize that this type of profitability is not common in the casual restaurant segment. This is why we continue to lead the buffalo wing segment in profitability and franchisee satisfaction." New restaurants are scheduled to open in 2013 in Alabama, Florida, Georgia, Indiana, Kentucky, North Carolina, Pennsylvania, South Carolina, Tennessee, and Texas.

With a focus on great-tasting, freshly prepared food for families, rather than alcohol (alcohol sales attribute for less than 11 percent of total sales), the expanding brand creates a warm and inviting décor that leaves customers feeling a sense of community. East Coast Wings & Grill's six-page menu includes such casual dining fare as burgers, salads, sandwiches and more, as well as its 75 flavors and 675 combinations of buffalo style wings which remain a staple of the concept, Dan Collins, Senior Vice President of Brand Development said "We are confident in the capabilities of the experienced multi-unit developers that we have recruited, and they have signed for an additional 42 new locations over the next several years. We currently have eight restaurants under real estate development, and are searching for sites for several others that will open in 2013." To add to the market's growth, East Coast Wings & Grill is seeking additional multi-unit franchisees to further develop the company's network of restaurants, including a university model store, throughout the U.S.A. The average cost to open an East Coast Wings & Grill is between $241,550 and $656,640, with a franchise fee of $30,000. For more information on East Coast Wings & Grill, visit www.eastcoastwingsfranchise.com

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East Coast Wings Corp.
100 Cambridge Plaza Drive
Winston-Salem, NC

Phone: (336)760-4985
Fax: (336)760-4516

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