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    Franchise opportunities compared

    Teriyaki Madness Business(es) vs Wingstop

    Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

    TMTeriyaki Madness Business(es)2026 FDDWingstop2026 FDD

    Initial investment · Item 7

    Teriyaki Madness Business(es)

    $392,667 – $1,121,405

    2026 FDD · Item 7 · PDF p. 24

    Wingstop

    $310,400 – $1,048,500

    2026 FDD · Item 7 · PDF p. 22

    Initial franchise fee · Item 5

    Teriyaki Madness Business(es)

    $99,000

    2026 FDD · Item 5 · PDF p. 14

    Wingstop

    $25,000

    2026 FDD · Item 5 · PDF p. 13

    Royalty · Item 6

    Teriyaki Madness Business(es)

    6%

    2026 FDD · Item 6 · PDF p. 15

    Wingstop

    6%

    2026 FDD · Item 6 · PDF p. 14

    Before you compare

    • Both sets of figures come from 2026 FDDs.
    • Item 19 figures cover the location groups each FDD names (Teriyaki Madness Business(es): 17, Wingstop: 5). Different groups are not directly comparable.

    Financial commitment

    Estimated initial investment (Item 7)

    Teriyaki Madness Business(es)

    $392,667 – $1,121,405
    Single Franchise — Total Estimated Initial Investment
    2026 FDD · Item 7 · PDF p. 24

    Wingstop

    $310,400 – $1,048,500
    Total initial investment, excluding real estate
    2026 FDD · Item 7 · PDF p. 22
    Standard initial franchise fee (Item 5)

    Teriyaki Madness Business(es)

    $99,000
    2026 FDD · Item 5 · PDF p. 14

    Wingstop

    $25,000
    2026 FDD · Item 5 · PDF p. 13
    Royalty (Item 6)

    Teriyaki Madness Business(es)

    6%
    Royalty Fee
    2026 FDD · Item 6 · PDF p. 15

    Wingstop

    6%
    Royalty
    2026 FDD · Item 6 · PDF p. 14
    Brand / advertising fund (Item 6)

    Teriyaki Madness Business(es)

    4%
    Marketing Fund Contribution — 4%
    2026 FDD · Item 6 · PDF p. 15

    Wingstop

    $5,000
    Transfer marketing expenditure
    2026 FDD · Item 6 · PDF p. 19

    System scale & health

    Total outlets (Item 20)

    Teriyaki Madness Business(es)

    199
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 82

    Wingstop

    2,586
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 67
    Net outlet change (Item 20)

    Teriyaki Madness Business(es)

    +60
    Calculated: 139 at end of 2023 → 199 at end of 2025

    Wingstop

    +660
    Calculated: 1,926 at end of 2023 → 2,586 at end of 2025
    Outlet exits (Item 20)

    Teriyaki Madness Business(es)

    Not available
    No complete exit records for a year

    Wingstop

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    Teriyaki Madness Business(es)

    Not available
    Not in reviewed records

    Wingstop

    Not available
    Not in reviewed records
    Franchisor founded (Item 1)

    Teriyaki Madness Business(es)

    Not available
    Not in reviewed records

    Wingstop

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    TMTeriyaki Madness Business(es)
    Locations counted not stated in the reviewed record — United States franchised Teriyaki Shops meeting the Conditions
    $1,090,110
    other Gross Sales
    2026 FDD · Item 19 · PDF p. 64
    Locations counted not stated in the reviewed record — United States franchised Teriyaki Shops in Quartile 1 meeting the Conditions fo…
    $3,095,978
    other Quartile 1 Gross Sales
    2026 FDD · Item 19 · PDF p. 66
    Locations counted not stated in the reviewed record — United States franchised Teriyaki Shops in Quartile 2 meeting the stated Condit…
    $1,330,169
    other Quartile 2 Gross Sales
    2026 FDD · Item 19 · PDF p. 66
    +14 more groups in the full report
    Wingstop
    Locations counted not stated in the reviewed record — All Wingstop Restaurants in the U.S. open entire 2025 Measured Period, franchis…
    55 restaurants
    other Systemwide WRI-owned count
    2026 FDD · Item 19 · PDF p. 65
    Locations counted not stated in the reviewed record — WRI-owned Wingstop Restaurants open entire 2025 Measured Period
    $4,038,428
    other WRI-owned highest annual net sales
    2026 FDD · Item 19 · PDF p. 66
    Locations counted not stated in the reviewed record — Franchised Wingstop Restaurants open entire 2025 Measured Period
    $1,890,866
    other Franchised median annual net sales
    2026 FDD · Item 19 · PDF p. 65
    +2 more groups in the full report

    Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

    Teriyaki Madness Business(es) vs Wingstop: common questions

    Which costs less to open, Teriyaki Madness Business(es) or Wingstop?
    Teriyaki Madness Business(es): $392,667 – $1,121,405 (2026 FDD · Item 7 · PDF p. 24); Wingstop: $310,400 – $1,048,500 (2026 FDD · Item 7 · PDF p. 22). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Wingstop. Estimates are not quotes, and the FDD years may differ.
    How do Teriyaki Madness Business(es) and Wingstop royalties compare?
    Teriyaki Madness Business(es): 6% (2026 FDD · Item 6 · PDF p. 15); Wingstop: 6% (2026 FDD · Item 6 · PDF p. 14). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, Teriyaki Madness Business(es) or Wingstop?
    Teriyaki Madness Business(es): 199 (2026 FDD · Item 20 · PDF p. 82); Wingstop: 2,586 (2026 FDD · Item 20 · PDF p. 67). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do Teriyaki Madness Business(es) and Wingstop disclose financial performance (Item 19)?
    Teriyaki Madness Business(es) has reviewed Item 19 figures for 17 location groups; Wingstop has reviewed Item 19 figures for 5 location groups. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

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    Full Teriyaki Madness Business(es) report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    Full Wingstop report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

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