Bottom line
- Total investment $491K – $1.4M including a $50K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $2.0M/year (median $758K).
- Rated STRONG with a risk score of 52/100. SBA loan default rate of 0.0% across 12 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 Epic Wings unit return on the cash you put in?
Unlevered ROIC · per unit
26%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Epic Wings units return on equity?
Equity IRR · 5-yr
35.4%
4.56× MOIC
Year-1 DSCR
2.31×
EBITDA ÷ debt service
Equity required
$5.0M
on $14.2M purchase
Total debt
$9.3M
SBA $5.0M + senior + seller note
Overview
About
Epic Wings franchisees operate fast-casual chicken wing restaurants, likely managing food preparation, customer service, inventory, and staff operations in a limited-service QSR format. Day-to-day activities include managing kitchen operations, overseeing POS systems, controlling food costs, maintaining health/safety compliance, and driving local marketing to achieve the $2M average unit volume.
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 · 20 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
Epic Wings presents CAUTION-to-HIGH RISK profile: contracting unit base, undisclosed profitability metrics, and going concern ambiguity make this a speculative investment requiring extensive founder/franchisee validation before committing $490K-$1.4M.
Score breakdown · what drove the 52 / 100 rating
- 01MINORUnit count declining 7.7% YoY (13 units total) indicates contraction and potential system instability
- 02MEDNet income not disclosed in Item 19 — inability to assess actual profitability despite $2M average revenue claim
- 03MEDHigh investment range ($490K-$1.4M) with no disclosed net income creates severe ROI visibility problem
- 04HIGHGoing concern status is FALSE — franchisor may have financial distress or viability concerns
- 05MEDExtremely small franchise system (13 units) suggests minimal brand recognition and limited support infrastructure
- 06MINOR5% royalty on $2M revenue = $100K annual fee, but without net income disclosure, payback period is unknown
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
49 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Epic Wings · FDD (2025) PDF