Native Grill and WingsFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Native Grill and Wings franchise requires a total initial investment of $1.0M – $2.9M, including a $50K franchise fee and an ongoing 6.0% royalty[2]. Per the 2024 FDD, average unit revenue was $2.6M[2]. SBA 7(a) loans show a 0.0% charge-off rate across 10 loans[1]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2024 FDD issuance
Overview
- Investment
- $1.0M – $2.9M
- 43rd pct Service Resta…
- Avg gross sales
- $2.6M
- 24th pct Service Resta…
- Royalty
- 6.0%
- 26th pct Service Resta…
- Units
- 20
- 27th pct Service Resta…
- SBA default
- 0.0%
- system-wide median varies by category
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = >15% above Full-Service Restaurants avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Only 0.0% of 10 SBA loans charged off, well below the 16% franchise average.
Franchised units fell from 22 to 20 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $1.0M – $2.9M including a $50K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $2.6M/year (median $2.8M).
- Verdict A (Top Quintile) with a risk score of 49/100. SBA loan charge-off rate of 0.0% across 10 loans (well below the franchise average, based on all SBA 7(a) franchise lending, 2010–2024).
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Native Grill and Wings Franchising, LLC
- Parent company
- FAT Brands, Inc.
- CEO title
- Chief Executive Officer
- Taylor Wiederhorn
- Incorporated in
- DE
- HQ
- 9720 Wilshire Blvd., Suite 500, Beverly Hills, California 90212
- Auditor
- Macias Gini & O'Connell LLP
- Audited financials
- Franchisor revenue
- $3.7M
- vs $3.7M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Overview
About
Franchisees operate casual dining restaurants serving grilled wings, burgers, and American fare with full-service and bar operations. Day-to-day responsibilities include managing kitchen and front-of-house staff, inventory control, P&L management, customer service, and local marketing—typical for a $2.6M average-revenue QSR concept.
- CEO
- Taylor Wiederhorn
- Headquarters
- CA
- Founded
- 2015
- FDD year
- 2024
- States available
- 2
FDD Item 7 · 2024 filing · 19 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $50K | $50K | |
| Training Expenses (11 to 13 people) | $30K | $46K | |
| Pre-opening Payroll | $32K | $45K | |
| Lease Deposit & 3 Months' Rent | $40K | $72K | |
| Architect Fees | $19K | $35K | |
| Leasehold Improvements | $350K | $1.5M | |
| Furnishings, Fixture & Equipment | $230K | $675K | |
| TV/Audio Video/Security | $135K | $155K | |
| Signage | $10K | $100K | |
| Opening Inventory Food & Beverage | $20K | $28K | |
| Small Wares | $15K | $35K | |
| Utility Deposits | $5K | $10K | |
| Liquor Licensenot refundable | $5K | $10K | |
| Grand Opening Marketing | $8K | $8K | |
| Professional Fees | $6K | $11K | |
| Miscellaneous Costs | $10K | $20K | |
| Insurance (3 months' premium) | $3K | $6K | |
| Additional Funds (3 months) | $50K | $100K | |
| Development Fee (Area Development) | $150K | $200K | |
| Total initial investment | $1.2M | $3.1M |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$288K
11.0% margin
Unlevered ROIC
14%
EBITDA / total invested capital
Payback
7.1 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $1.0M – $2.9M
- Near category avg vs category
- Liquid capital req'd
- $50K – $100K
- Better than avg vs category
- Franchise fee
- $50K – $50K
- Better than avg vs category
- Royalty
- 6.0%
- Gross Sales · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 7.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $0 |
| Training fee | $300 |
| Transfer fee | $25K |
| Renewal fee | $5K |
| Total fee load | 7.0% of rev |
Financial Performance
- Avg gross sales
- $2.6M
- Per unit, per year
- Median gross sales
- $2.8M
- Item 19 type
- gross_sales
- Sample size
- 17 units
- vs category median 13
- Range (low → high)
- $1.3M→$4.0M
- Cohort dispersion (min → max)
- Reporting year
- 2023
- Fiscal year the figures cover
- Transparency
- 7 / 5
- vs category median 4 / 5 · above
Compared against 1264 Full-Service Restaurants brands
vs Full-Service Restaurants averages
How Native Grill and Wings Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 20
- Opened
- 0
- Last reporting year
- Closed
- 1
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 5.0%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Multi-unit owners
- 1.0%
- Net growth (yr3)
- -4.8%
- Net unit change last year
- 3-yr CAGR
- -9.1%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 2
- Franchisor's next-year forecast
- Continuity rate
- 95.2%
- Units that stayed open
- Ceased ops
- 5.0%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 5 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 contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 10
- Loan volume
- $9.9M
- Median loan
- $812K
- 50th percentile
- Charge-off rate
- 0.0%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 100.0%
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 6
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Native Grill and Wings's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 5 lenders with concentration factor
- Per-state charge-off rates across 2 states
- Startup risk premium and job creation velocity
- 4-year lending trend
Instant access. No subscription.
With a 0.0% charge-off rate across 10 loans, banks have historically viewed this brand favorably for lending.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Declining franchise system with unproven unit-level profitability, parent company litigation history, and missing financial transparency creates elevated investment risk.
Litigation (Item 3)
Two securities class actions consolidated (Matthews and Chipman v. FAT Brands, Inc. et al.) settled for $3M total in February 2023. One government action by Virginia State Corporation Commission regarding unregistered franchise sales.
Largest disclosed settlement: $2,500,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Macias Gini & O'Connell LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 49 / 100 rating
- 01MEDUnit decline of 4.8% YoY (20 units) indicates contracting franchise system and weak unit economics or support
- 02MEDNet income not disclosed in Item 19 — cannot verify profitability claims; average revenue of $2.6M does not guarantee positive returns after 6% royalty, labor, COGS, and rent
- 03HIGHParent company FAT Brands settled $3M securities litigation in 2023 for allegedly false/misleading statements; raises credibility concerns about franchisor disclosures
- 04HIGHAffiliate litigation for unregistered franchise sales in Virginia (2023) suggests compliance and legal risk within corporate structure
- 05MEDHigh capital requirement ($1M–$2.9M) paired with shrinking unit base and undisclosed profitability creates significant downside risk
- 06MINOR10-year term with $50K fee in a declining system suggests weak franchisee attraction and retention
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | Population-based |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory population | 70,000 |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Arizona |
| Litigation count | 2 |
View Item 3 litigation summary
Two securities class actions consolidated (Matthews and Chipman v. FAT Brands, Inc. et al.) settled for $3M total in February 2023. One government action by Virginia State Corporation Commission regarding unregistered franchise sales.
Items 10, 11
Training & Operations
- Classroom training
- 27 hrs
- On-the-job training
- 191 hrs
- Training location
- Franchised Restaurant (Phoenix, Arizona)
- Ongoing training
- Required
- Field support
- 16 hrs/yr
- On-site visits per year
- POS system
- Aloha
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Aloha
Item 20 · call current owners
Franchisee Contacts
23 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Native Grill and Wings · FDD (2024) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Native Grill and Wings franchise?
The total investment to open a Native Grill and Wings franchise ranges from $1.0M – $2.9M, with an initial franchise fee of $50K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Native Grill and Wings franchise owners earn?
According to Item 19 of the Native Grill and Wings FDD, the average gross sales per unit is $2.6M. The median is $2.8M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Native Grill and Wings's franchise failure rate?
Based on SBA 7(a) loan data, Native Grill and Wings has a charge-off rate of 0.0% across 10 loans, meaning 0.0% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many Native Grill and Wings franchise locations are there?
As of their most recent FDD filing, Native Grill and Wings has 20 total units in the United States, including 22 franchised units and 0 company-owned units.
Is Native Grill and Wings a good franchise to buy?
FranchiseVerdict rates Native Grill and Wings as a A-grade franchise with a risk score of 49 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.