Wing Snob
Wing Snob offers fast-casual restaurants featuring specialty chicken wings and sauces in a casual dining format. Known for its diverse wing options and unique atmosphere, it operates in the quick-service restaurant sector.
Wing Snob franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment necessary to begin operation of one Wing Snob restaurant franchise ranges from $340,200 to $615,500. This amount includes a mandatory payment of $30,000 to the franchisor or its affiliates for the first restaurant [p.1].
What is the initial franchise fee?
The initial franchise fee for a single Restaurant is $30,000 [p.13]. If you sign a Development Agreement, in addition to the initial franchise fee, you will also pay a development fee of $12,500 per additional Restaurant you agree to develop [p.168].
What are the ongoing royalty and advertising fees?
The ongoing royalty fee is 6% of Gross Sales, payable every Tuesday for the previous week's sales (Monday through Sunday) [p.19]. Advertising fees are not specified in these excerpts, but other ongoing fees like royalties are recognized on a weekly and monthly basis when earned and deemed collectible [p.223, p.255].
How long is the initial franchise agreement, and can I renew it?
This isn't specified in the excerpts.
Can I sell or transfer my franchise, and what does that require?
Yes, you can sell or transfer your franchise, but it requires obtaining and delivering a bona fide, executed written offer or proposal along with all pertinent documents to the franchisor. This requirement applies unless the sale or transfer is to a family member [p.122]. Additionally, any such sale must be of approved assets or interests listed in the agreement and cannot include other property or rights outside those specified [p.121].
On what grounds can the franchisor terminate the agreement?
The franchisor can terminate the agreement on various grounds, including immediate termination for insolvency, abandonment, material misrepresentation, legal violation persisting 10 days after notice, repeated breaches, judgment, criminal conviction, failure to pay monies owed more than 5 days past due, and imminent danger to public health or safety. Additionally, the franchisor can terminate upon written notice and a 60-day opportunity to cure for any breach of the Franchise Agreement [p.273]. This isn't specified in the excerpts for all possible grounds, but it covers the main ones provided [p.158, p.273, p.280].
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 or competitive brands that the franchisor controls [p.44].
What training and ongoing support does the franchisor provide?
The franchisor provides an initial training program, which may be conducted in-person, online, or on-the-job, lasting typically two weeks with 40 hours per week. This training includes both an online component and videos, and must be completed successfully before opening the restaurant [p.42, p.92]. Additionally, the franchisor offers operation manuals and ongoing instruction and assistance prior to and after the business opens [p.150, p.239, p.255, p.223].
How many franchised outlets are there, and how many have closed or been terminated?
As of December 31, 2023, there were 32 operating franchisee stores. Additionally, three franchisee locations had closed in 2024, with two required by the franchisor and one temporarily closed. The document also mentions that former franchisees who have been terminated, canceled, not renewed, or otherwise ceased to do business are listed separately [p.268(c)]. This isn't specified in the excerpts how many outlets have been terminated or canceled specifically.
Does the franchisor share any financial performance or earnings information?
The franchisor may provide financial performance information if there is a reasonable basis for it and it is included in the Disclosure Document. However, they do not make any representations about future financial performance or past financial performance of company-owned or franchised outlets except when you are purchasing an existing outlet, in which case they might provide actual records of that outlet [p.63].
What am I restricted to selling, and where must I buy supplies?
You are restricted from offering products or services similar to those you will offer at your Restaurant outside your designated territory without prior written consent [p.81]. You must purchase Proprietary Products and Non-Proprietary Products either directly from the franchisor or from suppliers and distributors they designate or approve [p.95, p.26].