Wings Etc. franchise research

Investment by format

Format-specific estimates only. Do not combine one format's minimum with another format's maximum.

Investment sourceFDD p.17 ↗

Franchise fees and ongoing costs

Franchise fee

$20,000 to $39,500 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review.

Royalty

Grill and Pub: 4%-5% of weekly Gross Sales (tiered 5.00% down to 4.00% by restaurant number under a Development Agreement); Wings Etc. 2Go: 0%-6% of Gross Sales tiered by trailing 8-week average weekly sales after a 2-month royalty holiday; paid weekly by EFT.

Marketing contribution

2% (basis not captured; see original filing)

Technology fee

Not captured

Other fees

Audit costs ($0-$4,000) if understatement found; Remodeling costs up to $140,000 over the term (CPI-adjusted); Late payment/late report fees of $100 each

Working capital (FDD Item 7)

$45,000-$60,000 (Grill and Pub formats) or $40,000-$60,000 (Wings Etc. 2Go) for a 3-month period of working capital, excluding hourly labor, food/product costs and rent; minimum $45,000 in immediately accessible working capital required at opening.

Fees sourceFDD p.12 ↗

Working capital is drawn from Item 7. The Investment source below locates the investment section, not an independently verified working-capital scalar.

Investment sourceFDD p.17 ↗

Franchise fee sourceFDD · page not captured ↗

Financial performance: Item 19

Item 19 captured

Yes

Metric / basis

Average and median Total Sales and cost percentages (food, labor, paper, discount, alcohol) by quartile for franchised and company-owned restaurants; Restaurant Level EBITDAR by quartile for company-owned restaurants only

Reporting period

Calendar/fiscal year 2025 (ended December 28, 2025)

Sample

53 of 56 franchised restaurants (open and continuously operating 12+ months) for Part 1; 25 of 26 company-owned restaurants (continuously operated) for Part 2; 78 of 82 total system restaurants for Part 3

Reported average

$1,522,668

Reported median

$1,407,493

Owner income is not captured. Gross sales and EBITDA are not owner pay. Results depend on the disclosed metric, sample and period; consult the full filing.

Item 19 performance sourceFDD p.45 ↗

Unit growth: Item 20

Reporting year

2025

Scope

franchised outlets

Starting outlets

54

Year-end outlets

56

Net change

+2

Derivation

ending minus starting outlets

Openings

3

Terminations

0

Non-renewals

0

Other closures

1

Reacquisitions

0

Transfers

0

Transfers are not closures. Net change is ending minus starting outlets for the stated scope and year, or complete openings less terminations, non-renewals, other closures and reacquisitions. Missing inputs stay unknown.

Unit growth sourceFDD p.46 ↗

SBA loan history

Loan activity

0 approvals

Activity window

FY2021-FY2026 YTD; snapshot 2026-06-30

Median SBA loan

Not captured

Median loan window

Not captured

Median loan sample

Not captured

Historical charge-off share

21.05%

Cohort

7(a) FY2010-2019 approvals

Numerator / denominator

4 / 19

Formula

CHGOFF / (PIF + CHGOFF + EXEMPT) × 100

This is a historical loan-level share, not a franchise failure probability or location survival rate. Loan size is not total investment. Other loan statuses are excluded from the seasoned denominator. Activity combines 7(a) and 504 approvals, excluding canceled and not-funded records; this is not a rolling five-year count. FY2024-25 franchise tags are sparse after directory suspension; fewer tagged loans do not establish brand decline. Recent charge-off cohorts are immature.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Questions before you invest

How much does Wings Etc. franchise cost?

Non-Free Standing Location / Conversion of Existing Free Standing Location (Grill and Pub): $373,650 to $1,548,600; Free Standing Location (Grill and Pub): $1,623,650 to $2,890,100; Wings Etc. 2Go (carryout-only): $464,750 to $852,400 These are format-specific estimates, not a guaranteed cash requirement. Franchise fee: $20,000 to $39,500 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review..

Investment sourceFDD p.17 ↗

Franchise fee sourceFDD · page not captured ↗

How much do Wings Etc. owners make?

Owner income is not captured. Gross sales and EBITDA are not owner pay. Item 19 metric: Average and median Total Sales and cost percentages (food, labor, paper, discount, alcohol) by quartile for franchised and company-owned restaurants; Restaurant Level EBITDAR by quartile for company-owned restaurants only. Sample: 53 of 56 franchised restaurants (open and continuously operating 12+ months) for Part 1; 25 of 26 company-owned restaurants (continuously operated) for Part 2; 78 of 82 total system restaurants for Part 3. Period: Calendar/fiscal year 2025 (ended December 28, 2025).

Item 19 performance sourceFDD p.45 ↗

What's the SBA charge-off rate for Wings Etc.?

21.05%; numerator / denominator: 4 / 19. Historical 7(a) FY2010-2019 approvals; CHGOFF / (PIF + CHGOFF + EXEMPT) × 100, snapshot 2026-06-30. This is not a franchise failure probability.

SBA loans sourceSBA data · Jun 30, 2026 ↗