FranchiseVerdict
Buffalo Wild Wings Sports Bar logo
FV-00414·STRONGExcellent95

Buffalo Wild Wings Sports Bar

Food & Beverage - Full ServiceFranchising since 1991Website
Investment
$2.5M – $4.9M
98th pct Full Service
Avg revenue
$3.6M
55th pct Full Service
Royalty
5.0%
15th pct Full Service
Units
1,178
97th pct Full Service
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $2.5M – $4.9M including a $25K franchise fee, 5.0% ongoing royalty.
  • Average unit revenue of $3.6M/year (median $3.4M).
  • Rated STRONG with a risk score of 47/100. SBA loan default rate of 0.0% across 53 loans (below the industry average).
  • Established system with 1,178 units across 35 years of franchising — strong brand recognition and operational playbook.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Buffalo Wild Wings International, Inc.
Parent company
Buffalo Wild Wings, Inc.
Incorporated in
Ohio
HQ
Three Glenlake Pkwy NE, Atlanta, Georgia 30328
Auditor
KPMG LLP
Audited financials
Franchisor revenue
$2.3B
vs $2.3B prior year

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 Buffalo Wild Wings Sports Bar unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $3,574,130
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $2.5M–$4.9M
Working capital
$
FDD reports $100K–$150K

Unlevered ROIC · per unit

13%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$500K
EBITDA margin
14.0%
Total invested
$3.8M
Payback
91 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Buffalo Wild Wings Sports Bar units return on equity?

Edit assumptions

Equity IRR · 5-yr

27.2%

3.33× MOIC

Year-1 DSCR

3.01×

EBITDA ÷ debt service

Equity required

$12.5M

on $25.0M purchase

Total debt

$12.5M

SBA $5.0M + senior + seller note

SBA 7(a) request ($12.5M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

Franchisees operate full-service sports bars serving wings, burgers, and appetizers with heavy emphasis on televised sports viewing. Day-to-day operations include managing 50–150+ staff, handling inventory and food costs, coordinating with corporate on marketing/promotions, managing delivery/takeout logistics, and maintaining compliance with franchise system standards.

CEO
Paul Brown
Founded
1990
FDD year
2026
States available
38

Item 7 · what it costs

The Vitals

Total investment
$2.5M – $4.9M
All-in to open one unit
Liquid capital
$100K – $150K
Cash you must have on hand
Franchise fee
$25K
Royalty
5.0%
Gross Sales · typical 6–8%
Ad fund
4.0%
typical 3–5%
Total fee load
9.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$3.6M
Per unit, per year
Median gross sales
$3.4M
Item 19 type
Annual Unit Volumes
Sample size
532 units
vs category median 15 · large
Range (low → high)
$1.4M$8.1M
Cohort dispersion
Transparency
4 / 5
vs category median 4 / 5 · typical
Revenue rank55th
vs Food & Beverage - Full Service peers
Investment cost rank98th
Lower investment ranks lower (better)
Royalty rate rank15th
Lower royalty = lower percentile (better)
Unit count rank97th
vs Food & Beverage - Full Service peers
Risk score rank10th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
1,178
Opened
15
Last reporting year
Closed
4
Turnover rate
0.3%
Company-owned
629
Corporate units in the system
% franchised
47%
vs corporate-owned
Net growth (yr3)
+2.0%
Net unit change last year
3-yr CAGR
+3.0%
Compounded over last 3 years
2024
549+11
Franchised units
2025
538
Franchised units
2026
533
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 9 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 9 states
Not registered

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.

Total loans
53
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

47
Risk · 0-100
STRONG47 / 100

Buffalo Wild Wings presents moderate-to-cautious risk: pending litigation over product authenticity, undisclosed franchisee profitability, stagnant unit growth, and history of fee-related litigation weaken an otherwise established brand.

Score breakdown · what drove the 47 / 100 rating

  1. 01HIGHPending litigation (Halim) over core product marketing ('boneless wings') creates brand/legal exposure and potential operational/menu changes
  2. 02MINORNo Item 19 (net income) disclosure prevents validation of 3.57M avg revenue translating to actual franchisee profitability
  3. 03MINORMinimal unit growth (2.0% YoY) on 1,178 units suggests market saturation and weak franchisee demand despite 20-year terms
  4. 04MINORMultiple concluded class actions (Wheeldon, Pittman) indicate history of customer/franchisee disputes over fees and transparency
  5. 05MINORHigh investment range ($2.46M–$4.9M) requires strong ROI proof, but lack of income data makes breakeven/payback period unverifiable

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Designated Area
Protected territory
Yes
Initial term
20 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
3
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Georgia

Item 11

Training & Operations

Classroom training
11 hrs
On-the-job training
253 hrs

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

100 numbers

Locked
(860) 571-••••
CT
(205) 991-••••
AL
(302) 999-••••
DE

One-time purchase · CSV download · Validation questions included

FDD download

Buffalo Wild Wings Sports Bar · FDD (2026) PDF

Single-page checkout · instant download · CSV export of contacts available separately above