Featured by Lauren Grimsley on the Examiner.com: “Just two weeks ago, my business partner and I decided to spend our Friday night in the Ballantyne area of Charlotte, which has truly developed over the past couple years. Among the high class shopping and gourmet restaurants, there is a plethora of nightlife activity for one to enjoy, no matter what your “thing” is. The first spot we went to was a new sports bar off of Marvin Road called Buffalo Wings and Rings. This franchise location opened in February of 2010 and on top of having the best wings in Charlotte (in my opinion), they have great drink and food specials and live entertainment almost every night of the week. Since the night we decided to go was a Friday, we were able to experience a live DJ and $3.00 Long Island’s. The restaurant is really nice; it’s surrounded with huge plasma screen TV’s which show every sporting event, video games and an iTunes jukebox. It was impossible to NOT have their delicious wings, which you can choose between nine different flavors and five different temperatures. My favorite are the Garlic Parmesan Extra Hot. Besides the live DJ on Fridays, Wednesday’s they have trivia and karaoke, Thursday’s is Bike Night and on Saturday’s they have live music. Needless to say, BWR is definitely a great spot to have a good time and good food.”
Among many of the things I admire about Frank & Kristine La Fragola is their total commitment to each other and their business. Their passionate, creative, forward thinking has enabled them to grow a profitable sports bar in a very competitive Charlotte market. Similar to many of my clients, I provide Buffalo Wings & Rings with a full range of monthly accounting and tax services. However, I wanted to focus on one particular question Frank posed to me that is a frequent question I receive from small business owners – “Chris, my P&L says I was profitable, but why don’t I see that cash in the bank.” Restaurants purchase large amounts of inventory, equipment, and furniture. They may also carry large amounts of debt to finance those purchases, so it’s very important to have processes in place to understand the interplay between Net Income and Cash Flow. After all, the primary reason for restaurant failure is undercapitalization – running out of cash despite being profitable. In the 5+ years I have been working with Frank & Kristine, we have discussed food costs, beer costs, liquor costs, inventory counts, cash flow statements and break-even points – all in an effort to help them better manage their cash flow and their business.
Now seasoned restauranteurs, Frank & Kristine La Fragola are opening a brand new restaurant concept on Trade Street in Matthews, NC – Jekyll & Hyde Taphouse and Grill. In my opinion Buffalo Wings & Rings is the best Charlotte venue for Wings and Sports. I highly recommend Hot Sweet Thai Chili Wings (Extra Crispy) during a free UFC event. Now, I can’t wait to see what surprises they have in store for us at their new restaurant.
Chris Fielding is a pleasure to do business with. I am impressed with his efficiency and professionalism towards our business. Chris has helped our restaurant save thousands in costs with his ability to catch financial problems before they exist. I would highly recommend Chris Fielding to anyone. – Frank La Fragola Jr. | Owner & Operator Buffalo Wings and Rings
16715 Orchard Stone Run
Charlotte, NC 28277