
![]() |
Wings Etc. Franchise ProfileFood Franchises > Casual Dining |
To open a Wings Etc. franchise, you should prepare for an initial investment ranging from $368,150 to $2,567,100. This includes a franchise fee of $39,500. Additionally, you will need to have cash reserves of $45,000 to $60,000 and a net worth between $500,000 and $1,500,000. Understanding these financial commitments is crucial to ensure you are adequately prepared for the journey ahead.
Wings Etc. franchises have shown promising financial performance, with an average annual revenue of $1,583,587 per unit. The median revenue stands at $1,401,572, while the highest revenue reported is $3,628,334. With a breakeven time of just 12 months and an investment payback period of 24 months, these metrics highlight the potential profitability of operating a Wings Etc. franchise.
Franchisees of Wings Etc. are required to pay a royalty fee of 5% on their gross sales, along with a marketing fee of 1%. These ongoing fees are essential for supporting the brand's marketing efforts and ensuring the franchise network continues to thrive. It's important to factor these costs into your financial planning to maintain a healthy bottom line.
As of 2023, Wings Etc. operates a total of 80 units, comprising 54 franchised locations and 26 corporate units. The growth in franchised units from 52 in 2021 to 54 in 2023 indicates a steady expansion, reflecting the brand's appeal and potential for future franchisees. This growth trend can provide confidence to prospective owners considering joining the Wings Etc. franchise family.
Wings Etc. Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
Net Worth Required:
Investment Payback:
Franchise Fee:
Royalty Fee:
Marketing Fee:
Breakeven Time:
Initial Investment:
Cash Required:
Average Revenue:
Median Revenue:
Highest Revenue:
Lowest Revenue:
Industry:
Category:
Leadership:
Corporate Address:
Funding Year:
Parent Company:
Wings Etc. Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
Units | 2021 | 2022 | 2023 |
---|---|---|---|
Total Units | 74 | 80 | 80 |
Net Change YoY | 6 | 0 | |
Franchised Units | 52 | 55 | 54 |
Net Change YoY | 3 | -1 | |
Corporate Units | 22 | 25 | 26 |
Net Change YoY | 3 | 1 |
The Wings Etc. franchise offers a range of initial investment options, with costs ranging from $368,150 to $2,567,100. This investment includes a franchise fee of $39,500, ensuring new franchisees have the necessary support and resources to launch their business successfully.
Franchisees should be prepared to meet specific financial criteria, including a cash requirement of $45,000 to $60,000 and a net worth of $500,000 to $1,500,000. These requirements help ensure that franchisees have the financial stability to operate and grow their Wings Etc. units effectively.
Wings Etc. units demonstrate strong revenue potential, with average annual revenues reaching $1,583,587. Franchisees can expect a median revenue of $1,401,572, with some locations generating as much as $3,628,334 annually, showcasing the brand's appeal in the competitive food service market.
The average operating expenses for a Wings Etc. franchise total $451,375, accounting for approximately 28.5% of revenue. Franchisees benefit from a gross profit margin of 43.3%, indicating a healthy balance between revenue generation and operational costs.
Franchisees can anticipate a breakeven period of around 12 months, allowing for quicker recovery of initial investments. The investment payback period is estimated at 24 months, making Wings Etc. a potentially lucrative opportunity for motivated entrepreneurs.
As of 2023, Wings Etc. operates a total of 80 units, with 54 being franchised and 26 corporate-owned. The brand has shown steady growth, increasing from 74 total units in 2021 to its current count, indicating a strong market presence and ongoing expansion opportunities for new franchisees.
Frequently Asked Questions
The initial investment for a Wings Etc. franchise ranges from $368,150 to $2,567,100, which includes the franchise fee, equipment, and other startup costs.