General

Industry

Food and Beverage

Category

Fast Casual Restaurant

SBA Identifier

S3001

Year of Founding

2011

Fees

Marketing Fee

2%

Royalty Fee

5%

Franchise Fee

$25,000-$39,500

Investment Range

$87K-$450K

Location units

Total U.S. Locations

10

U.S. Franchised Units

8

U.S. Corporate Units

2

Headquarters (City)

Apex

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

2011

Issuance of FDD Data

05/05/2022

What to know about Wing it On! franchise?

We are WIO Franchising, Inc., a North Carolina Corporation. We offer franchises to qualified individuals and entities to own and operate a Wing It On! franchise under our service marks, trade names, programs, and systems under the name “Wing It On!” (the “Mark(s)”). Our franchisees operate a quick service restaurant or food truck that sells a wide variety of chicken wings, and other menu items for dine in, carry out and delivery under the Marks and the Wing It On! programs and systems (the “Method of Operation”).

Wing it On! is based in Apex, NC. Scroll down to learn more!

How much does a Wing it On! franchise cost?

Are you wondering how much is a Wing it On! franchise? Before starting a Wing it On! franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Wing it On! franchise is $87,250 and can go all the way up to $449,500. Keep in mind, you should also allocate additional funds to live off of while the Wing it On! business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Wing it On! franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Wing it On! business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Wing it On! franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2017 2 2 1 3
2018 4 1 1 4
2019 4 3 3 4
2020 4 3 1 6
2021 6 2 0 8

Additional Details

How much does a Wing it On! franchise owner make?

Wing it On! franchise earnings and revenue can vary significantly from one franchisee to another.
The Wing it On! franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Wing it On! discloses financials at the unit level. In other words, they show how much Wing it On! franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the Wing it On! franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Wing it On!. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Wing it On! owners were making.

Visit the Wing it On! metrics tab to explore the financials for this business.

What is the Wing it On! franchise fee?

Owning a Wing it On! franchise requires 5% royalty fee and 2% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Wing it On! Franchise Disclosure Document

Keep in mind, there is also an initial Wing it On! franchise fee of $25,000 that is included in the initial investment amount of $87,250 to $449,500. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Wing it On! franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Wing it On! franchise fee of $25,000.

Visit the Wing it On! metrics tab to explore the financials for this business, royalty and marketing fees compare to other Food and Beverage franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Wing it On! founded?

Wing it On! started offering franchises in 2011. Wing it On! was founded 11 years ago in 2011.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Wing it On! locations are in the U.S.?

As of 2022, there were 8 locations across the U.S. There are also 2 corporate locations. Most Food and Beverage franchises like Wing it On! have more franchised locations than corporate locations.

How many Wing it On! franchises opened over the past few years?

Over the prior 3 years we have data for, Wing it On! has opened 8 outlets throughout the U.S. Visit the Wing it On! metrics tab to explore how the openings compare to other Food and Beverage franchises.

How many Wing it On! franchises closed over the past few years?

Over the prior 3 years we have data for, Wing it On! has closed 4 outlets throughout the U.S

Visit the Wing it On! metrics tab to explore how the openings compare to other Food and Beverage franchises.

Is Wing it On! growing? Are they opening more locations than they are closing?

The net unit growth rate for Wing it On! over the past 3 years is 100%. Over the last year we have data for, Wing it On! had a net unit growth rate of 33%.

Without a comparison, this number doesn’t mean much. Compare how the Wing it On! growth rate compares to 2,000+ other franchises and Industry franchises like Wing it On!. More info in the Wing it On! metrics tab.

Is Wing it On! franchise eligible for an SBA Loan?

Wing it On! is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Wing it On! franchise was assigned the SBA Franchise ID of S3001 on 04/24/2018. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Wing it On! that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Wing it On! a franchise in the United States?

According to the SBA, Wing it On! meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Wing it On! provides you with an FDD if you are in discussion to buy a Wing it On!.

What is the Wing it On! Franchise for Sale Rate?

The Wing it On! systemwide health and franchisee satisfaction can be measured by the Wing it On!franchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Wing it On! franchise for sale rate over the past 3 years is 0%. Over the last year we have data for, Wing it On! had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Wing it On! franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Wing it On!. More info in the Wing it On! metrics tab.

What is the Wing it On! Franchise Failure Rate?

Wing it On! franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Wing it On! failure rate over the past 3 years is 50%. Over the last year we have data for, Wing it On! had a franchise failure rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Wing it On! franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Wing it On!. More info in the Wing it On! metrics tab.

How can I find out more details on Wing it On! franchise?

Visit the Wing it On! metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Wing it On!

$268,375

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Wing it On!

5%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Wing it On!

$32,250

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Food and Beverage

Category

Fast Casual Restaurant

SBA Identifier

S3001

Year of Founding

2011

Fees

Marketing Fee

2%

Royalty Fee

5%

Franchise Fee

$25,000-$39,500

Investment Range

$87K-$450K

Location units

Total U.S. Locations

10

U.S. Franchised Units

8

U.S. Corporate Units

2

Headquarters (City)

Apex

Other

Item 19 - Franchise Financials

Yes

Financing Availability

-

Started Offering Franchises

2011

Issuance of FDD Data

05/05/2022

Detailed Franchise metrics for Wing it On!

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Wing it On! below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Wing it On!

50%

100%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Wing it On!

0%

0%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Wing it On!

67%

50%

Industry median

All franchises median

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Activity
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Business details

Company Name

http://www.wingiton.com/

Business email

**********@******.com

Mailing address

105 Burham Ct

State headquarters

North Carolina

Owner Name

Wing it On!

Phone

+1 (000) 0********00

City

Apex

Zip code

27502
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