Wingstop to expand in New Jersey
DALLAS – Wingstop announced plans to open at least 25 new restaurants in the New Jersey area over the next five years.
Executives with the company said expansion would be accomplished through franchising. In 2013, the chain opened 74 new restaurants and signed 182 domestic agreements. Wingstop is on track to reaching its goal of 1,000 restaurants worldwide, according to company executives.
"We believe that New Jersey has the potential to very quickly become one of our most successful markets," said Dave Vernon, Wingstop chief development officer. "There is no doubt that the market loves chicken wings and we are convinced that our one-of-a-kind flavors will become the favorite of wing fans across the state."
Based in Dallas, the chain operates more than 600 restaurants across the United States, Mexico, Russia and Singapore. Wingstop is owned by affiliates of Roark Capital Group, an Atlanta-based private-equity firm.