Wing It On
Wing It On! offers quick-service restaurants specializing in chicken wings and sandwiches. Known for variety and quality, it operates in the fast-food sector alongside brands like Chick-fil-A and KFC.
Wing It On franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment necessary to begin operation of a brick and mortar Wing It On!® franchised business ranges from $218,900 to $473,333. This includes a mandatory payment of $35,000 to $38,000 to the franchisor or its affiliates [p.2].
What is the initial franchise fee?
The initial franchise fee varies based on whether it's for a single unit or part of an area development agreement. For a single unit, the fee is $35,000 for the first unit and $25,000 for each additional unit [p.14]. If entering into an area development agreement, the initial franchise fee is $35,000 for the first unit plus $12,500 for each additional unit to be developed, with the total Development Fee being credited towards the initial franchise fees of each unit as they are developed [p.196]. This fee is non-refundable and must be paid in full before any rights or privileges under the agreement exist [p.82].
What are the ongoing royalty and advertising fees?
The ongoing royalty fee is non-refundable and based on the rates listed in Exhibit 'A-3' [p.83]. Additionally, there is a recommendation for spending $5,000 to $10,000 on grand opening marketing, though this is an estimate for initial advertising costs [p.23].
How long is the initial franchise agreement, and can I renew it?
The length of the initial franchise agreement isn't specified in the excerpts. Regarding renewal, the agreement may not be renewable upon expiration, or it could be renewed if you meet certain conditions as detailed in the agreement [p.156, p.218].
Can I sell or transfer my franchise, and what does that require?
According to the FDD, you cannot freely transfer ownership of your franchise; it requires good cause for such transfers [p.6]. Good cause is defined but not fully detailed in this excerpt. The franchisor may also have a right of first refusal to purchase the franchise under these circumstances.
On what grounds can the franchisor terminate the agreement?
The franchisor can terminate the agreement on any grounds available by law [p.66]. However, under the Virginia Retail Franchising Act, termination without reasonable cause is unlawful [p.223], and provisions for cancellation must comply with this definition of 'reasonable cause' [p.69].
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts.
Do I get an exclusive or protected territory?
No, you do not receive an exclusive territory. You may face competition from other franchisees, company-owned outlets, or other channels of distribution and competitive brands controlled by the franchisor [p.58, p.36, p.38]. However, the franchisor will not establish another traditional franchise or company-owned physical unit using the trademark within your territory [p.36].
What training and ongoing support does the franchisor provide?
The franchisor provides a required training program that must be completed by both the operating principal and manager before opening the franchise business [p.34, p.36]. This training is essential for successful operation and must be completed 45 days prior to opening [p.34]. The franchisor can also provide additional training at their discretion or if deemed necessary, with a current fee of $250 per person per day [p.36]. Training programs may change without notice due to updates in materials, methods, manuals, and personnel [p.35].
How many franchised outlets are there, and how many have closed or been terminated?
This isn't specified in the excerpts.
Does the franchisor share any financial performance or earnings information?
The franchisor may provide financial performance information for its franchised and/or franchisor-owned outlets, but only if there is a reasonable basis for this information and it is included in the disclosure document [p.50]. However, the franchisor does not make any financial performance representations other than the ones specified, nor do they authorize employees or representatives to make such representations [p.51].
What am I restricted to selling, and where must I buy supplies?
You are not specifically restricted to selling any particular items. However, you may have to buy or lease certain items from the franchisor or a limited group of suppliers designated by them, which might be more expensive than other options [p.4]. This isn't specified in the excerpts for your exact selling restrictions or supply sources beyond this general guidance.