Franopolis

    Wings Etc.

    Franchise research report · reviewed 2026 disclosure data

    Researching Wings Etc. franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources
    Franchising since
    2004
    Source: franchise.org
    Headquarters
    Fort Wayne, IN United States
    Source: franchise.org

    Wings Etc. franchise specializes in Buffalo-style chicken wings and sports bar dining, combining casual restaurant service with a game-day atmosphere.

    Headline figures

    Wings Etc. quick facts

    Is Wings Etc. a franchise?
    Yes. Wings Etc. offers franchises through a Franchise Disclosure Document. At the end of 2025, it reported 112 franchised and 52 company-owned outlets (2026 FDD, Item 20, PDF p. 46).
    How much does it cost to open a Wings Etc. franchise?
    The Wings Etc. Franchise Disclosure Document reports separate estimated initial investments by format: $373,650 for 00 $45,000 to $60,000 $40,000 to $60,000 as incurred as incurred employees, suppliers total(12) — 373650 (2026 FDD, Item 7, PDF p. 17); $1,623,650 for 40,000 to $60,000 as incurred as incurred employees, suppliers total(12) $373,650 to $1,548,600 — 1623650 (2026 FDD, Item 7, PDF p. 17); $464,750 for rred as incurred employees, suppliers total(12) $373,650 to $1,548,600 $1,623,650 to $2,890,100 — 464750 (2026 FDD, Item 7, PDF p. 17). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    What is the Wings Etc. initial franchise fee?
    The disclosed initial franchise fee for a standard single unit is $20,000 (2026 FDD, Item 5, PDF p. 11). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
    What ongoing fees does Wings Etc. charge?
    The disclosed ongoing royalty is $4 (2026 FDD, Item 6, PDF p. 12). The brand or advertising fund contribution is $2 (2026 FDD, Item 6, PDF p. 12). Other recurring fees are listed in Item 6. Details
    Does Wings Etc. disclose financial performance (Item 19)?
    Yes. The Wings Etc. FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 44). Figures apply only to the locations and period each one covers. Details
    How many Wings Etc. locations are there?
    The FDD reports 164 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 46). Existing locations do not indicate territory availability. Details
    Is Wings Etc. a good franchise to buy?
    Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 includes financial performance figures; check which locations and period they cover; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.

    From reviewed FDD figures only. Not a recommendation or projection.

    What the disclosures show

    1. 1The 2026 FDD (Item 7) estimates opening costs separately by format: $373,650 (00 $45,000 to $60,000 $40,000 to $60,000 As Incurred As Incurred Employees, Suppliers TOTAL(12) — 373650); $1,623,650 (40,000 to $60,000 As Incurred As Incurred Employees, Suppliers TOTAL(12) $373,650 to $1,548,600 — 1623650); $464,750 (rred As Incurred Employees, Suppliers TOTAL(12) $373,650 to $1,548,600 $1,623,650 to $2,890,100 — 464750); several initial fee options apply.
    2. 2Item 19 covers 17 separate groups: other measures and EBITDA and revenue for 6 Affiliate owned locations; EBITDA for 7 Affiliate owned locations; other measures for 13 Franchised locations; EBITDA and revenue for 6 Affiliate owned locations; other measures for 13 Franchised restaurants; revenue for 14 Franchised restaurants; other measures for 13 Franchised restaurants; other measures for 53 Franchised locations; other measures for 13 Franchised restaurants; other measures for 78 Franchised restaurants; revenue for 25 Company/franchised as labeled locations; revenue and other measures and costs and profit for 7 Affiliate owned locations; other measures for 78 Franchised restaurants; revenue and costs and other measures and profit for 6 Affiliate owned locations; revenue and other measures and costs and profit for 6 Affiliate owned locations; revenue and other measures and costs and profit for 6 Affiliate owned locations; costs and EBITDA for 6 Affiliate owned locations. They are not combined.
    3. 3Outlets grew by 4 in 2025, to 164 (United States, as labeled in the FDD, Item 20).

    From reviewed FDD figures only. Not a recommendation or projection.

    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Range across 3 single-unit formats

    2026 FDD · Item 7

    Formats disclosed in Item 7 (3)

    Each format has its own total. The total depends on the format you choose.

    • 00 $45,000 to $60,000 $40,000 to $60,000 As Incurred As Incurred Employees, Suppliers TOTAL(12) — 373650PDF p. 17$373,650
    • rred As Incurred Employees, Suppliers TOTAL(12) $373,650 to $1,548,600 $1,623,650 to $2,890,100 — 464750PDF p. 17$464,750
    • 40,000 to $60,000 As Incurred As Incurred Employees, Suppliers TOTAL(12) $373,650 to $1,548,600 — 1623650PDF p. 17$1,623,650

    Standard single-unit franchise fee

    2026 FDD · Item 5 · PDF p. 11
    Discounted and multi-unit options are separate; see all fees.

    Ongoing Fees — Item 6

    Selected recurring charges; payment bases and conditions remain attached to each fee.

    rant opens. ITEM 6 OTHER FEES Type of Fee(1) Amount Due Date Remarks Royalty Fee Grill and Pub: — 4Main ongoing fee

    91 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.

    Financial Performance — Item 19

    What results are disclosed—and for which locations?

    17 separate populations, shown apart. Revenue is not owner income.

    Locations counted: not stated in the reviewed record

    EBITDA, revenue and other measures · 6 locations

    Who is counted
    Company-Owned Third 25% tier
    Excluded
    3newfranchised,1closedfranchised,and1companyremodel excluded; noallotherexpenses.
    Method
    Historical; Totalsales includesfood/alcohol/gaming/otherrevenues excludingtax/discount. Food/alcohol/paper inventorycost;labor inclmanager/principalpaytaxbenefits. Part3companylabor teamwagesonly; EBITDAR beforeinterest,tax,D/A,rent.

    Locations counted: not stated in the reviewed record

    EBITDA · 7 locations

    Who is counted
    Company-Owned Top 25% tier
    Excluded
    3newfranchised,1closedfranchised,and1companyremodel excluded; noallotherexpenses.
    Method
    Historical; Totalsales includesfood/alcohol/gaming/otherrevenues excludingtax/discount. Food/alcohol/paper inventorycost;labor inclmanager/principalpaytaxbenefits. Part3companylabor teamwagesonly; EBITDAR beforeinterest,tax,D/A,rent.

    Locations counted: not stated in the reviewed record

    Other measures · 13 locations

    Who is counted
    Franchised Second 25% quartile
    Excluded
    3newfranchised,1closedfranchised,and1companyremodel excluded; noallotherexpenses.
    Method
    Historical; Totalsales includesfood/alcohol/gaming/otherrevenues excludingtax/discount. Food/alcohol/paper inventorycost;labor inclmanager/principalpaytaxbenefits. Part3companylabor teamwagesonly; EBITDAR beforeinterest,tax,D/A,rent.

    Locations counted: not stated in the reviewed record

    EBITDA and revenue · 6 locations

    Who is counted
    Company-Owned Second 25% tier
    Excluded
    3newfranchised,1closedfranchised,and1companyremodel excluded; noallotherexpenses.
    Method
    Historical; Totalsales includesfood/alcohol/gaming/otherrevenues excludingtax/discount. Food/alcohol/paper inventorycost;labor inclmanager/principalpaytaxbenefits. Part3companylabor teamwagesonly; EBITDAR beforeinterest,tax,D/A,rent.

    Locations counted: not stated in the reviewed record

    Other measures · 13 locations

    Who is counted
    Franchised Third 25% quartile (13 restaurants)
    Excluded
    Part 1 excludes 3 newly opened franchised restaurants that had not operated for at least 12 months as of December 31, 2025, and 1 franchised restaurant that left the system in 2025 and was not operating as of December 31, 2025.
    Method
    Historical; Totalsales includesfood/alcohol/gaming/otherrevenues excludingtax/discount. Food/alcohol/paper inventorycost;labor inclmanager/principalpaytaxbenefits. Part3companylabor teamwagesonly; EBITDAR beforeinterest,tax,D/A,rent.

    Locations counted: not stated in the reviewed record

    Revenue · 14 locations

    Who is counted
    Franchised 1st Quartile - Top 25% tier (14 restaurants)
    Excluded
    Part 1 excludes 3 newly opened franchised restaurants that had not operated for at least 12 months as of December 31, 2025, and 1 franchised restaurant that left the system in 2025 and was not operating as of December 31, 2025.
    Method
    Historical; Totalsales includesfood/alcohol/gaming/otherrevenues excludingtax/discount. Food/alcohol/paper inventorycost;labor inclmanager/principalpaytaxbenefits. Part3companylabor teamwagesonly; EBITDAR beforeinterest,tax,D/A,rent.

    Locations counted: not stated in the reviewed record

    Other measures · 13 locations

    Who is counted
    Franchised Second 25% quartile (13 restaurants)
    Excluded
    Part 1 excludes 3 newly opened franchised restaurants that had not operated for at least 12 months as of December 31, 2025, and 1 franchised restaurant that left the system in 2025 and was not operating as of December 31, 2025.
    Method
    Historical; Totalsales includesfood/alcohol/gaming/otherrevenues excludingtax/discount. Food/alcohol/paper inventorycost;labor inclmanager/principalpaytaxbenefits. Part3companylabor teamwagesonly; EBITDAR beforeinterest,tax,D/A,rent.

    Locations counted: not stated in the reviewed record

    Other measures · 53 locations

    Who is counted
    All Franchisee Tiers Combined (53) GrillandPub (no2Gooperating)
    Excluded
    Part 1 excludes 3 newly opened franchised restaurants that had not operated for at least 12 months as of December 31, 2025, and 1 franchised restaurant that left the system in 2025 and was not operating as of December 31, 2025.
    Method
    Historical; Totalsales includesfood/alcohol/gaming/otherrevenues excludingtax/discount. Food/alcohol/paper inventorycost;labor inclmanager/principalpaytaxbenefits. Part3companylabor teamwagesonly; EBITDAR beforeinterest,tax,D/A,rent.

    Locations counted: not stated in the reviewed record

    Other measures · 13 locations

    Who is counted
    Franchised Bottom 25% quartile (13 restaurants)
    Excluded
    Part 1 excludes 3 newly opened franchised restaurants that had not operated for at least 12 months as of December 31, 2025, and 1 franchised restaurant that left the system in 2025 and was not operating as of December 31, 2025.
    Method
    Historical; Totalsales includesfood/alcohol/gaming/otherrevenues excludingtax/discount. Food/alcohol/paper inventorycost;labor inclmanager/principalpaytaxbenefits. Part3companylabor teamwagesonly; EBITDAR beforeinterest,tax,D/A,rent.

    Locations counted: not stated in the reviewed record

    Other measures · 78 locations

    Who is counted
    All company-owned and franchised tiers combined (78 restaurants)
    Excluded
    3newfranchised,1closedfranchised,and1companyremodel excluded; noallotherexpenses.
    Method
    Historical; Totalsales includesfood/alcohol/gaming/otherrevenues excludingtax/discount. Food/alcohol/paper inventorycost;labor inclmanager/principalpaytaxbenefits. Part3companylabor teamwagesonly; EBITDAR beforeinterest,tax,D/A,rent.

    Locations counted: not stated in the reviewed record

    Revenue · 25 locations

    Who is counted
    All Company-Owned restaurants combined
    Excluded
    One company-owned restaurant remodeled in 2025 was excluded; the remaining 25 operated continuously throughout 2025.
    Method
    Historical; Totalsales includesfood/alcohol/gaming/otherrevenues excludingtax/discount. Food/alcohol/paper inventorycost;labor inclmanager/principalpaytaxbenefits. Part3companylabor teamwagesonly; EBITDAR beforeinterest,tax,D/A,rent.

    Locations counted: not stated in the reviewed record

    Revenue, costs, profit and other measures · 7 locations

    Who is counted
    Company-Owned Top 25% quartile
    Excluded
    One company-owned restaurant remodeled in 2025 was excluded; the remaining 25 operated continuously throughout the year.
    Method
    Historical; Totalsales includesfood/alcohol/gaming/otherrevenues excludingtax/discount. Food/alcohol/paper inventorycost;labor inclmanager/principalpaytaxbenefits. Part3companylabor teamwagesonly; EBITDAR beforeinterest,tax,D/A,rent.

    Locations counted: not stated in the reviewed record

    Other measures · 78 locations

    Who is counted
    All Company-Owned and Franchisee Tiers Combined (78 restaurants)
    Excluded
    3newfranchised,1closedfranchised,and1companyremodel excluded; noallotherexpenses.
    Method
    Historical; Totalsales includesfood/alcohol/gaming/otherrevenues excludingtax/discount. Food/alcohol/paper inventorycost;labor inclmanager/principalpaytaxbenefits. Part3companylabor teamwagesonly; EBITDAR beforeinterest,tax,D/A,rent.

    Locations counted: not stated in the reviewed record

    Revenue, costs, profit and other measures · 6 locations

    Who is counted
    Company-Owned Bottom 25% quartile
    Excluded
    One company-owned restaurant remodeled in 2025 was excluded; the remaining 25 operated continuously throughout the year.
    Method
    Historical; Totalsales includesfood/alcohol/gaming/otherrevenues excludingtax/discount. Food/alcohol/paper inventorycost;labor inclmanager/principalpaytaxbenefits. Part3companylabor teamwagesonly; EBITDAR beforeinterest,tax,D/A,rent.

    Locations counted: not stated in the reviewed record

    Revenue, costs, profit and other measures · 6 locations

    Who is counted
    Company-Owned Second 25% quartile
    Excluded
    One company-owned restaurant remodeled in 2025 was excluded; the remaining 25 operated continuously throughout the year.
    Method
    Historical; Totalsales includesfood/alcohol/gaming/otherrevenues excludingtax/discount. Food/alcohol/paper inventorycost;labor inclmanager/principalpaytaxbenefits. Part3companylabor teamwagesonly; EBITDAR beforeinterest,tax,D/A,rent.

    Locations counted: not stated in the reviewed record

    Revenue, costs, profit and other measures · 6 locations

    Who is counted
    Company-Owned Third 25% quartile
    Excluded
    One company-owned restaurant remodeled in 2025 was excluded; the remaining 25 operated continuously throughout the year.
    Method
    Historical; Totalsales includesfood/alcohol/gaming/otherrevenues excludingtax/discount. Food/alcohol/paper inventorycost;labor inclmanager/principalpaytaxbenefits. Part3companylabor teamwagesonly; EBITDAR beforeinterest,tax,D/A,rent.

    Locations counted: not stated in the reviewed record

    Costs and EBITDA · 6 locations

    Who is counted
    Company-owned restaurants — Bottom 25% quartile
    Excluded
    One of 26 company-owned restaurants was remodeled in 2025 and excluded from Part 2 because it was not in continuous operation throughout calendar 2025.
    Method
    Historical; Totalsales includesfood/alcohol/gaming/otherrevenues excludingtax/discount. Food/alcohol/paper inventorycost;labor inclmanager/principalpaytaxbenefits. Part3companylabor teamwagesonly; EBITDAR beforeinterest,tax,D/A,rent.

    These groups are never combined.

    Outlet Changes — Item 20

    How has the outlet count changed?

    United States, as labeled in the FDD · counts as of 2025 of each year.

    2026 FDD · Item 20 · PDF p. 46

    Net +4 outlets, 2023–2025

    01602023160202416420250+4

    Year-end counts reported in Item 20. The scale starts at zero, so the line looks nearly flat; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.

    Questions to investigate

    Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.

    For the franchisor

    • Which line items in the 2026 Item 7 estimate ($373,650 – $1,623,650) vary most by market, and why?

    • Which initial fee option would apply to my situation, and what conditions or discounts affect it?

    • Which locations are included in the Item 19 figures, and which were excluded?

    • Reported units went from 160 to 164 in 2025. How many new units opened, closed or changed hands?

    • Is a territory available in my area, and how is it defined in my agreement?

    For current and former owners

    • How did your actual startup costs and timeline compare with the Item 7 estimate?

    • How many hours a week do you work in the business, and in what role?

    • How do your results compare with the Item 19 figures, and what explains the difference?

    • What support from the franchisor has been most and least useful?

    For your advisors

    • Ask a franchise attorney to review the territory, renewal, transfer and termination terms.

    • Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

    Sources & vintage history

    Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

    Citations (2026 FDD)

    1. [1]Standard initial franchise fee — Item 5 · PDF p. 11
    2. [2]Item 19 — Locations counted not stated in the reviewed record — Company-Owned Third 25% tier · PDF p. 44; PDF p. 43
    3. [3]Item 19 — Locations counted not stated in the reviewed record — Company-Owned Top 25% tier · PDF p. 44
    4. [4]Item 19 — Locations counted not stated in the reviewed record — Franchised Second 25% quartile · PDF p. 42
    5. [5]Item 19 — Locations counted not stated in the reviewed record — Company-Owned Second 25% tier · PDF p. 44; PDF p. 43
    6. [6]Item 19 — Locations counted not stated in the reviewed record — Franchised Third 25% quartile (13 restaurants) · PDF p. 42
    7. [7]Item 19 — Locations counted not stated in the reviewed record — Franchised 1st Quartile - Top 25% tier (14 restaurants) · PDF p. 42
    8. [8]Item 19 — Locations counted not stated in the reviewed record — Franchised Second 25% quartile (13 restaurants) · PDF p. 42
    9. [9]Item 19 — Locations counted not stated in the reviewed record — All Franchisee Tiers Combined (53) GrillandPub (no2Gooperating) · PDF p. 45
    10. [10]Item 19 — Locations counted not stated in the reviewed record — Franchised Bottom 25% quartile (13 restaurants) · PDF p. 42
    11. [11]Item 19 — Locations counted not stated in the reviewed record — All company-owned and franchised tiers combined (78 restaurants) · PDF p. 45
    12. [12]Item 19 — Locations counted not stated in the reviewed record — All Company-Owned restaurants combined · PDF p. 45
    13. [13]Item 19 — Locations counted not stated in the reviewed record — Company-Owned Top 25% quartile · PDF p. 43; PDF p. 44
    14. [14]Item 19 — Locations counted not stated in the reviewed record — All Company-Owned and Franchisee Tiers Combined (78 restaurants) · PDF p. 45
    15. [15]Item 19 — Locations counted not stated in the reviewed record — Company-Owned Bottom 25% quartile · PDF p. 43; PDF p. 44
    16. [16]Item 19 — Locations counted not stated in the reviewed record — Company-Owned Second 25% quartile · PDF p. 43; PDF p. 44
    17. [17]Item 19 — Locations counted not stated in the reviewed record — Company-Owned Third 25% quartile · PDF p. 43; PDF p. 44
    18. [18]Item 19 — Locations counted not stated in the reviewed record — Company-owned restaurants — Bottom 25% quartile · PDF p. 44
    19. [19]Outlet counts — Item 20, Table 1 · PDF p. 46

    "PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD

    Territory & operations

    64 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.

    These are contract disclosures, not confirmation that any territory is currently available.

    Legal & agreement

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2025restricted cash$643,485
    2025accounts receivable$96,200
    2025prepaid sales commissions$115,500
    2025cash$324,867
    2025other receivables$784,890
    2025total current assets$1,964,981
    2025property and equipment machinery and equipment$752,735
    2025leasehold improvements$35,909
    2025less accumulated depreciation and amoritization-$523,140
    2025operating lease right-of-use assets$1,107,571
    2025notes receivable-shareholder$157,432
    2025total assets$4,161,225
    2025accounts payable$77,673
    2025gift card liability$591,083
    2025accrued development fee$311,945
    2025total current liabilities$1,221,681
    2025long-term debt$4,167
    2025operating lease liabilities$1,025,905
    2025total long-term liabilities$1,432,617
    2025paid-in capital from treasury stock$539,039
    2025retained earnings$1,120,492
    2025total stockholders' equity$1,506,927
    2025revenue$8,306,570
    2025professional fees$82,141
    2025depreciation and amortization$106,813
    2025general and administrative$6,414,781
    2025operating income$1,087,318
    2025interest income$80,734
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$1,175,705
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$1,175,705
    2025depreciation and amortization expense$106,813
    2025accounts payable and accrued expenses-$95,710
    2025deferred marketing rebates$110,000
    2025net cash provided byMore than one value recorded for this year — open the FDD source before comparing$1,234,999
    2025loans to)/payments from shareholders$60,538
    2025cash flows from financing activities principal payment on long-term debt-$8,635
    2025dividends paid-$1,513,184
    2025net cash provided byMore than one value recorded for this year — open the FDD source before comparing-$1,521,819
    2025cash, cash equivalents, and restricted cash beginning of year$1,895,269
    2025cash, cash equivalents, and restricted cash end of year$968,352
    2025accrued expenses$150,981
    2025liabilities and stockholders' equity current liabilities current maturities of long-term debt$89,999
    2025deferred franchise revenue$292,545
    2025prepaid expenses$39
    2025total liabilities and stockholders' equity$4,161,225
    2025other assets$86,317
    2025shares outstanding$935
    2025costs and expenses selling$615,517
    2025accounts and other receivables and prepaids$28,493
    2025net cash provided byMore than one value recorded for this year — open the FDD source before comparing-$640,097
    2025increase-$926,917
    2024loans to)/payments from shareholders$78,265
    2024cashMore than one value recorded for this year — open the FDD source before comparing$1,292,079
    2024restricted cash$603,190
    2024accounts receivable$105,510
    2024prepaid sales commissions$115,500
    2024prepaid expenses$627
    2024total current assetsMore than one value recorded for this year — open the FDD source before comparing$2,920,391
    2024property and equipment machinery and equipment$727,436
    2024less accumulated depreciation and amoritization-$561,551
    2024operating lease right-of-use assetsMore than one value recorded for this year — open the FDD source before comparing$1,187,711
    2024other assets$131,853
    2024total assets$4,655,839
    2024liabilities and stockholders' equity current liabilities current maturities of long-term debt$89,470
    2024accounts payable$212,542
    2024gift card liability$577,388
    2024accrued development fee$311,945
    2024accrued expenses$125,517
    2024total current liabilitiesMore than one value recorded for this year — open the FDD source before comparing$1,316,862
    2024deferred franchise revenueMore than one value recorded for this year — open the FDD source before comparing$375,194
    2024long-term debt$11,806
    2024total long-term liabilitiesMore than one value recorded for this year — open the FDD source before comparing$1,494,571
    2024shares outstanding$866
    2024retained earningsMore than one value recorded for this year — open the FDD source before comparing$1,457,971
    2024total stockholders' equityMore than one value recorded for this year — open the FDD source before comparing$1,844,406
    2024total liabilities and stockholders' equity$4,655,839
    2024revenue$8,566,713
    2024costs and expenses selling$610,684
    2024professional fees$135,387
    2024depreciation and amortization$116,633
    2024general and administrative$5,962,601
    2024operating incomeMore than one value recorded for this year — open the FDD source before comparing$1,741,408
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$1,810,582
    2024depreciation and amortization expense$116,633
    2024accounts payable and accrued expenses$135,995
    2024net cash provided byMore than one value recorded for this year — open the FDD source before comparing$1,857,446
    2024net cash provided byMore than one value recorded for this year — open the FDD source before comparing$78,265
    2024cash flows from financing activities principal payment on long-term debt-$32,688
    2024dividends paid-$1,604,756
    2024net cash provided byMore than one value recorded for this year — open the FDD source before comparing-$1,637,444
    2024increase$298,267
    2024cash, cash equivalents, and restricted cash beginning of year$1,597,002
    2024cash, cash equivalents, and restricted cash end of year$1,895,269
    2024total current assetsMore than one value recorded for this year — open the FDD source before comparing$2,920,391
    2024machinery and equipment$727,436
    2024current maturities of long-term debt$89,470
    2024total current liabilitiesMore than one value recorded for this year — open the FDD source before comparing$1,316,862
    2024deferred franchise revenueMore than one value recorded for this year — open the FDD source before comparing$375,194
    2024total long-term liabilitiesMore than one value recorded for this year — open the FDD source before comparing$1,494,571
    2024retained earningsMore than one value recorded for this year — open the FDD source before comparing$1,457,971
    2024total stockholders' equityMore than one value recorded for this year — open the FDD source before comparing$1,844,406
    2024operating incomeMore than one value recorded for this year — open the FDD source before comparing$1,741,408
    2024interest income$69,174
    2024other receivables$803,485
    2024leasehold improvements$32,028
    2024notes receivable-shareholder$217,971
    2024operating lease liabilities$1,107,571
    2024paid-in capital from treasury stock$539,039
    2024accounts and other receivables and prepaids-$187,932
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$1,810,582
    2024deferred marketing rebates-$17,832
    2024cashMore than one value recorded for this year — open the FDD source before comparing$1,292,079
    2024operating lease right-of-use assetsMore than one value recorded for this year — open the FDD source before comparing$1,187,711
    2024selling expenses$610,684
    2024gain$1,608
    2023loans to)/payments from shareholders$89,960
    2023revenue$8,725,775
    2023costs and expenses selling$617,092
    2023depreciation and amortization$131,452
    2023operating incomeMore than one value recorded for this year — open the FDD source before comparing$1,687,242
    2023interest income$3,784
    2023net incomeMore than one value recorded for this year — open the FDD source before comparing$1,692,151
    2023net incomeMore than one value recorded for this year — open the FDD source before comparing$1,692,151
    2023depreciation and amortization expense$131,452
    2023accounts and other receivables and prepaids$37,003
    2023accounts payable and accrued expenses-$285,545
    2023deferred marketing rebates-$158,527
    2023net cash provided byMore than one value recorded for this year — open the FDD source before comparing$1,414,926
    2023net cash provided byMore than one value recorded for this year — open the FDD source before comparing$57,227
    2023dividends paid-$1,662,193
    2023net cash provided byMore than one value recorded for this year — open the FDD source before comparing-$1,704,083
    2023cash, cash equivalents, and restricted cash beginning of year$1,828,932
    2023cash$920,274
    2023total current assets$2,434,192
    2023total current liabilities$1,199,073
    2023deferred franchise revenue$393,026
    2023total stockholders' equity$1,638,580
    2023selling expenses$617,092
    2023operating incomeMore than one value recorded for this year — open the FDD source before comparing$1,687,242
    2023gain$15,167
    2023professional fees$62,754
    2023general and administrative$6,227,235
    2023cash, cash equivalents, and restricted cash end of year$1,597,002
    2023machinery and equipment$727,436
    2023cash flows from financing activities principal payment on long-term debt-$41,890
    2023increase-$231,930
    2023total long-term liabilities$1,601,873
    2023current maturities of long-term debt$107,677
    2023operating lease right-of-use assets$1,262,699
    2023retained earnings$1,252,145
    2022operating income$1,324,844
    2022gain-$469
    2022selling expenses$624,213

    These figures describe the franchisor company, not individual franchise locations.

    SBA-backed loans to franchisees

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    Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

    Related research

    Brands in the same subcategory first, then the wider industry, ordered by shared business format and overlapping investment range. This is not a ranking or recommendation.

    Benihana National CorpEggs Up GrillIHOP and International House of PancakesIIIHOP International House of PancakesThe Melting Pot Restaurants, Inc.Lefab

    Head-to-head comparisons

    Wings Etc. vs Benihana National CorpWings Etc. vs Eggs Up GrillWings Etc. vs IHOP and International House of PancakesWings Etc. vs IHOP International House of PancakesWings Etc. vs The Melting Pot Restaurants, Inc.Wings Etc. vs Lefab
    Compare reviewed facts

    At a glance

    Business history

    Not reviewed

    Owner participation

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    Territory language

    Litigation disclosure

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    Bankruptcy disclosure

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    Agreement term

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    Reader notes on wording

    Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.

    • Item 21 · PDF p. 86 · 2026 FDD

      Our summary: Gain (loss) on sale of asset Interest income Interest expense — 2023

      “Gain (loss) on sale of asset Interest income Interest expense 1,608 15,167 (469)”

      Note: Merged gain/interest rows and irregular text order do not reliably assign all amounts to years; page layout needed to settle.

    • Item 21 · PDF p. 86 · 2026 FDD

      Our summary: Gain (loss) on sale of asset Interest income Interest expense — 2022

      “Gain (loss) on sale of asset Interest income Interest expense 1,608 15,167 (469)”

      Note: Merged gain/interest rows and irregular text order do not reliably assign all amounts to years; page layout needed to settle.

    • Item 21 · PDF p. 86 · 2026 FDD

      Our summary: Gain (loss) on sale of asset Interest income Interest expense — 2024

      “Gain (loss) on sale of asset Interest income Interest expense 1,608 15,167 (469)”

      Note: Merged gain/interest rows and irregular text order do not reliably assign all amounts to years; page layout needed to settle.

    Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.