Wings Over
Wings Over franchises offer boneless and bone-in chicken wings, sandwiches, and wraps in restaurants across the U.S., known for variety and quick service in the fast-food industry.
Wings Over franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment necessary to begin operation of a Wings Over franchise ranges from $198,000 to $701,875. This range includes mandatory payments and potential additional costs for inventory and equipment [p.1, p.27, p.11].
What is the initial franchise fee?
The initial franchise fee is $30,000 for a single Wings Over restaurant [p.9, p.16]. This fee is fully earned and non-refundable when paid [p.9, p.202].
What are the ongoing royalty and advertising fees?
The ongoing royalty fee is 5% of Gross Sales [p.97]. There is no specified advertising contribution percentage in the provided excerpts, but it may vary as per Franchisor’s then-current form of franchise agreement [p.95, p.120].
How long is the initial franchise agreement, and can I renew it?
This isn't specified in the excerpts. The provided FDD excerpts do not mention the duration of the initial franchise agreement or details about its renewal process beyond the information given on page [p.9] regarding renewal fees for existing franchises.
Can I sell or transfer my franchise, and what does that require?
According to the FDD, a franchisor can refuse to permit the transfer of ownership of a franchise except for good cause [p.208]. Good cause includes but is not limited to unspecified reasons, which may allow the franchisor to deny such transfers. This isn't specified in the excerpts.
On what grounds can the franchisor terminate the agreement?
The franchisor can terminate the agreement for good cause, which includes the failure of the franchisee to comply with any lawful provision of the franchise agreement and not curing such failure within a reasonable time, typically no more than 30 days [p.207]. Additionally, the franchisor may terminate the agreement on any grounds available by law [p.219].
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts. The FDD mentions having adequate financial resources and capital to operate the Franchised Business [p.119] and comply with the Development Schedule [p.71], but it does not provide specific details on net worth or liquid capital requirements for qualification.
Do I get an exclusive or protected territory?
Yes, you will receive an exclusive territory. During the term of the Franchise Agreement, the franchisor will not establish or operate, or license any other person to do so, a Wings Over restaurant under the System and Proprietary Marks within your specified territory [p.33]. However, the size of your Territory can vary based on factors such as population density and location type, and there is no guaranteed minimum territory size [p.33]. If you fail to meet your obligations under the Development Schedule, your development area will no longer be exclusive [p.34].
What training and ongoing support does the franchisor provide?
The franchisor provides an initial mandatory training program that includes marketing, sales, business management, and necessary systems and procedures. This training is held at their headquarters or a corporate location and lasts approximately 35 days for new franchisees and 30 days for those with prior experience. Additional in-office classroom training of up to 5 days is also included. The franchisor may require additional courses, seminars, and training programs from time to time. [p.154, p.99]
How many franchised outlets are there, and how many have closed or been terminated?
The number of franchised outlets can vary from year to year. For fiscal year 2021, there were 31 franchised outlets, with 4 closing or being terminated [p.49]. For fiscal year 2020, there were 30 operational outlets, with 3 closed or terminated during the year [p.48]. This isn't specified in the excerpts for fiscal year 2022, but it had 32 operating outlets with some closures and terminations as well [p.49].
Does the franchisor share any financial performance or earnings information?
The franchisor may provide financial performance information about its franchised and/or franchisor-owned outlets if there is a reasonable basis for this information, as specified in [p.48]. However, the franchisor does not make any representations about future financial performance of franchisees or past performance of company-owned or franchised outlets, except that it may provide actual records of an existing outlet being considered for purchase, as stated in [p.51].
What am I restricted to selling, and where must I buy supplies?
You are restricted to selling only those products and services that the franchisor has expressly approved for sale in writing [p.41]. You must purchase all food items, ingredients, supplies, materials, and other products and equipment from suppliers who meet the franchisor's standards and specifications [p.20] [p.41], which you may need to request approval for if they are not already approved suppliers [p.20].