East Coast Wings + Grill
Bottom line
- Total investment $408K – $1.2M including a $40K franchise fee.
- Average unit revenue of $2.0M/year (median $1.8M). Estimated payback in 2.7 years.
- Rated STRONG with a risk score of 39/100. SBA loan default rate of 0.0% across 13 loans (below the industry average).
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 East Coast Wings + Grill unit return on the cash you put in?
Unlevered ROIC · per unit
37%
In Yale's "attractive" band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 East Coast Wings + Grill units return on equity?
Equity IRR · 5-yr
32.6%
4.09× MOIC
Year-1 DSCR
2.48×
EBITDA ÷ debt service
Equity required
$6.4M
on $16.3M purchase
Total debt
$9.9M
SBA $5.0M + senior + seller note
Overview
About
Franchisees operate fast-casual wing and grill restaurants serving casual dining fare with emphasis on wings and grilled items. Daily operations include food preparation, inventory management, staff scheduling, customer service, and local marketing to drive traffic and meet the ~$2M annual revenue benchmark.
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 · 10 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
Slow-growing regional QSR concept with concerning unit expansion metrics and aggressive fixed royalty obligations that warrant careful franchisee profitability validation.
Score breakdown · what drove the 39 / 100 rating
- 01MINORMinimal system growth of only 3.4% YoY with just 34 units suggests weak expansion momentum and potential market saturation concerns
- 02MINORHigh minimum monthly royalty of $4,850 creates significant fixed costs regardless of sales performance, problematic for underperforming locations
- 03MINORWide investment range ($408K-$1.2M) indicates inconsistent buildout costs and unclear capital requirements for proper due diligence
- 04MINORNet income margin of 15% is solid but relies heavily on $2M+ annual revenue—significant execution risk for franchisees achieving this benchmark
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
37 numbers
One-time purchase · CSV download · Validation questions included
FDD download
East Coast Wings + Grill · FDD (2024) PDF