Bottom line
- Total investment $396K – $819K including a $25K franchise fee, 6.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated CAUTION with a risk score of 72/100. SBA loan default rate of 0.0% across 2 loans (below the industry average).
- Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
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 Planet Wings unit return on the cash you put in?
Unlevered ROIC · per unit
17%
Below typical band (30–60%)
Overview
About
Planet Wings franchisees operate casual dining/quick-service restaurants specializing in chicken wings and related menu items. Day-to-day operations include food preparation, inventory management, customer service, kitchen and front-of-house staffing, and point-of-sale management. Franchisees must comply with brand standards, pay 6% royalty on gross sales, and operate within protected territorial boundaries.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 18 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
Planet Wings exhibits severe contraction (down 14.3% YoY to just 10 units), litigation history, undisclosed financials, and going concern status—making this a high-risk investment unsuitable for most franchisees.
Score breakdown · what drove the 72 / 100 rating
- 01MEDSevere unit decline of 14.3% YoY (10 units remaining) suggests systemic operational or market problems
- 02MEDNo disclosed average revenue or net income data prevents ROI validation and indicates potential FDD transparency issues
- 03HIGHLitigation history involving franchise non-delivery and $50K settlement reimbursement raises fraud/execution concerns
- 04MINORHigh investment range ($395K-$818K) with 6% royalty fee structure is difficult to justify without profitability disclosure
- 05HIGHGoing concern status combined with shrinking franchise base indicates financial instability at corporate level
- 06MINOR10-year term is long given unit erosion rate; franchisees may be locked into declining system
- 07MINORProtected territory means nothing if brand cannot support existing locations or maintain operational standards
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
23 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Planet Wings · FDD (2024) PDF