Planet WingsFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Planet Wings franchise requires a total initial investment of $396K – $819K, including a $25K franchise fee and an ongoing 6.0% royalty[2]. The 2024 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: F. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2024 FDD issuance
Overview
- Investment
- $396K – $819K
- 72nd pct Service Resta…
- Avg gross sales
- N/A
- 59th pct Service Resta…
- Royalty
- 6.0%
- 44th pct Service Resta…
- Units
- 10
- 35th pct Service Resta…
- SBA default
- 0.0%
- system-wide median varies by category
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = >15% above Quick-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
The system contracted 14% year-over-year. Investigate why units are closing.
The franchisor's auditor raised doubt about continued operations. This is a serious risk signal.
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.
- Verdict F (Bottom Quintile) with a risk score of 80/100.
- Auditor disclosed a going-concern note, which flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- PLANET WINGS ENTERPRISES, INC.
- CEO title
- President
- Franco Fidanza
- CEO experience
- 28 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- NY
- HQ
- 265 Route 211 East, Suite 111, Middletown, New York 10940
- Auditor
- PKF O'CONNOR DAVIES, LLP
- Audited financials
- Franchisor revenue
- $266K
- vs $376K prior year
- ⚠ Going-concern note
- Disclosed in FDD 2024
- Status as of 2024; may have been resolved in a later filing we don't yet have.
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.
- CEO
- Franco Fidanza
- Headquarters
- NY
- Founded
- 2000
- FDD year
- 2024
- States available
- 2
FDD Item 7 · 2024 filing · 16 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $25K | $25K | |
| Leasehold Improvementsnot refundable | $150K | $250K | |
| Lease Payments - 3 Monthsnot refundable | $7K | $20K | |
| Security Deposits | $7K | $15K | |
| Equipment/Furniture and Fixturesnot refundable | $115K | $350K | |
| Signagenot refundable | $15K | $25K | |
| Initial Inventorynot refundable | $15K | $25K | |
| Blue Prints and Plansnot refundable | $12K | $20K | |
| Point of Sale Systemnot refundable | $20K | $30K | |
| Office Equipment and Suppliesnot refundable | $2K | $4K | |
| Travel, Lodging and Meals for Initial Trainingnot refundable | $3K | $4K | |
| Licenses and Permitsnot refundable | $3K | $4K | |
| Insurance - Annualnot refundable | $9K | $12K | |
| Start-Up Marketingnot refundable | $5K | $5K | |
| Professional Feesnot refundable | $3K | $5K | |
| Additional Fundsnot refundable | $30K | $50K | |
| Total initial investment | $421K | $844K |
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.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $396K – $819K
- Below avg, review vs category
- Liquid capital req'd
- $30K – $50K
- Below avg, review vs category
- Franchise fee
- $5K – $25K
- 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 |
| Training fee | $3K |
| Transfer fee | $5K |
| Renewal fee | $0 |
| Total fee load | 7.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Quick-Service Restaurants averages
How Planet Wings Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 10
- 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
- 10.0%
- Company-owned
- 4
- Corporate units in the system
- % franchised
- 60%
- vs corporate-owned
- Net growth (yr3)
- -14.3%
- Net unit change last year
- 3-yr CAGR
- -33.3%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 0
- Franchisor's next-year forecast
- Continuity rate
- 85.7%
- Units that stayed open
- Ceased ops
- 10.0%
- Units that stopped operating
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 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 loan disclosures. This brand has only 2 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 2
- Loan volume
- $235K
- Median loan
- $118K
- 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
- N/A
- Loans approved 2021+
- Active lenders
- 2
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Planet Wings's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 2 lenders with concentration factor
- Per-state charge-off rates across 2 states
- Startup risk premium and job creation velocity
- 2-year lending trend
Instant access. No subscription.
Risk analysis
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.
Litigation (Item 3)
Ethan Faraonov and Roman Faraonov v. Planet Wings Enterprises, Inc. and Franco Fidanza (Civil Court of the City of New York, County of Queens, Index No. 015150/10). Plaintiffs alleged they paid $25,000 in April 2008 to Medina Enterprises as franchisor's agent and did not receive franchise in return. Plaintiffs sought reimbursement plus interest. Settled with plaintiffs reimbursed $50,299.98, paid in full as of October 31, 2012.
Largest disclosed settlement: $50,300
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · PKF O'CONNOR DAVIES, LLP⚠ Going-concern note flagged
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- 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 80 / 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
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius/Population |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory population | 30,000 |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Not allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | New York |
| Governing law | New York |
| Litigation count | 1 |
View Item 3 litigation summary
Ethan Faraonov and Roman Faraonov v. Planet Wings Enterprises, Inc. and Franco Fidanza (Civil Court of the City of New York, County of Queens, Index No. 015150/10). Plaintiffs alleged they paid $25,000 in April 2008 to Medina Enterprises as franchisor's agent and did not receive franchise in return. Plaintiffs sought reimbursement plus interest. Settled with plaintiffs reimbursed $50,299.98, paid in full as of October 31, 2012.
Items 10, 11
Training & Operations
- Classroom training
- 15 hrs
- On-the-job training
- 26 hrs
- Training location
- headquarters and on-site
- Ongoing training
- Required
- Field support
- 56 hrs/yr
- On-site visits per year
- POS system
- Microworks POS Solutions, Inc.
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Microworks POS Solutions, Inc.
Item 20 · call current owners
Franchisee Contacts
23 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Planet Wings · FDD (2024) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Planet Wings franchise?
The total investment to open a Planet Wings franchise ranges from $396K – $819K, with an initial franchise fee of $25K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Planet Wings franchise owners earn?
Planet Wings does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Planet Wings's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Planet Wings (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Planet Wings franchise locations are there?
As of their most recent FDD filing, Planet Wings has 10 total units in the United States, including 6 franchised units and 4 company-owned units.
Is Planet Wings a good franchise to buy?
FranchiseVerdict rates Planet Wings as a F-grade franchise with a risk score of 80 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.