Wingstop UK business up for sale
Sources told Sky that the company believed it could ultimately reach between 400 and 500 sites in Britain
Wingstop has hired Goldman Sachs to conduct a sales process for its UK business, according to reports from Sky News.
Sources told the outlet that the process was initiated in response to unsolicited expressions of interest from potential buyers.
Goldman is understood to have begun issuing information about Wingstop UK to third parties in the last couple of weeks. The potential value of the business is currently unclear.
The sale is being considered as Wingstop prepares to launch its 50th outlet in the UK.
It is aiming to have 57 sites open by the end of the year, with substantial room for further growth.
Sources told Sky that the company believed it could ultimately reach between 400 and 500 sites in Britain.
Chick-fil-A, the third-largest quick-service restaurant (QSR) chain in the US, has also announced plans to enter the British market, saying last year that it would open its maiden UK site in early 2025.
That announcement may explain the timing of Wingstop UK’s owners’ decision to launch a sale process now.
Wingstop’s first UK site opened at Cambridge Circus in central London in 2018 after Tom Grogan, Saul Lewin, and Herman Sahota persuaded the brand’s American owner to sign a deal with them.