ATL Wing Spot
Bottom line
- Total investment $216K – $435K including a $25K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $1.7M/year. Estimated payback in 0.7 years.
- Rated MODERATE with a risk score of 60/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
- Emerging franchise — only 1 year of franchising with 1 units. Early-stage systems carry higher risk but may offer better territory availability.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one ATL Wing Spot unit return on the cash you put in?
Unlevered ROIC · per unit
73%
Above typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 ATL Wing Spot units return on equity?
Equity IRR · 5-yr
33.9%
4.31× MOIC
Year-1 DSCR
2.39×
EBITDA ÷ debt service
Equity required
$5.7M
on $15.2M purchase
Total debt
$9.6M
SBA $5.0M + senior + seller note
Overview
About
ATL Wing Spot franchisees operate a casual chicken wing restaurant concept focused on sauces, sides, and likely dine-in/carryout service. Day-to-day operations include food preparation, inventory management, staffing, point-of-sale management, and customer service in a quick-service or casual dining format typical of regional wing concepts.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 14 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
ATL Wing Spot presents a caution-to-high-risk profile due to extreme system immaturity (1 unit), unverified financials, going concern questions, and no demonstrable franchise scalability despite attractive unit-level margins.
Score breakdown · what drove the 60 / 100 rating
- 01MINOROnly 1 unit in system with unknown growth trajectory indicates minimal franchise maturity and no proven scalability
- 02HIGHGoing Concern = False suggests potential financial instability or uncertainty at corporate level despite positive unit-level financials
- 03MINORNo Item 19 financial performance representations available for validation—claimed $445K net income cannot be independently verified
- 04MINORWide investment range ($216K-$434K spread) with single unit data point creates ambiguity on actual startup costs and ROI predictability
- 05MINORSingle unit system means no franchisee support infrastructure, supply chain leverage, or marketing economies of scale typical of established franchises
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
14 numbers
One-time purchase · CSV download · Validation questions included
FDD download
ATL Wing Spot · FDD (2025) PDF