Walk-On’s Sports BistreauxFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A Walk-On’s Sports Bistreaux franchise requires a total initial investment of $1.6M – $7.0M, including a $60K franchise fee and an ongoing 5.0% royalty[2]. Per the 2025 FDD, average unit revenue was $4.4M[2]. Verdict grade: F. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $1.6M – $7.0M
- 46th pct Service Resta…
- Avg gross sales
- $4.4M
- 27th pct Service Resta…
- Royalty
- 5.0%
- 7th pct Service Resta…
- Units
- 78
- 40th pct Service Resta…
- SBA default
- N/A
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
The system contracted 7% year-over-year. Investigate why units are closing.
Bottom line
- Total investment $1.6M – $7.0M including a $60K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $4.4M/year (median $4.5M).
- Verdict F (Bottom Quintile) with a risk score of 99/100.
- Bankruptcy history disclosed in the FDD. Review Item 4 for details before proceeding.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Walk-On’s Enterprises Franchising, L.L.C.
- Parent company
- Walk-On’s Enterprises Holdings, LLC
- Ultimate parent
- Walk-On's Holdings DE, LLC
- Incorporated in
- GA
- HQ
- 2 Ravinia Drive NE, 5th Floor, Atlanta, Georgia 30346
- Auditor
- Bourgeois Bennett
- Audited financials
- Franchisor revenue
- $15.5M
- vs $15.7M prior year
Independent franchisee associations
- Franchise Advisory Council (FAC)
Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.
Overview
About
Franchisees operate upscale sports bar and bistro locations featuring Louisiana cuisine, craft cocktails, and full-service dining in high-traffic areas. Day-to-day operations include managing 50–150+ employees across kitchen and front-of-house, inventory/food cost control, event hosting coordination, and sports entertainment licensing.
- CEO
- Brandon P. Landry
- Headquarters
- GA
- Founded
- 2014
- FDD year
- 2025
- States available
- 14
FDD Item 7 · 2025 filing · 21 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $60K | $60K | |
| Initial Training Program Expenses | $20K | $30K | |
| Opening Support Fee | $40K | $40K | |
| Management Salary Expense | $120K | $130K | |
| Hiring Trailer | $5K | $8K | |
| Leased Real Property | $110K | $280K | |
| Construction and Leasehold Improvements | $0 | $4.0M | |
| Equipment | $500K | $1.1M | |
| Furniture and Fixtures | $85K | $300K | |
| Hand Wares, Small Appliances and Uniforms | $71K | $102K | |
| Computer, Television Audio and Point of Sale Systems | $250K | $310K | |
| Initial Inventory | $35K | $50K | |
| Security deposits, utility deposits, business licenses, and other prepaid expenses | $1K | $8K | |
| Liquor License | $50K | $250K | |
| Professional Fees | $8K | $19K | |
| Signs | $30K | $90K | |
| Architect and Engineering Fees | $50K | $120K | |
| Grand Opening Charitable Donation | $5K | $5K | |
| Grand Opening Marketing Funds | $20K | $20K | |
| Pre-Opening Labor | $45K | $45K | |
| Total initial investment | $1.6M | $7.0M |
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
$444K
10.0% margin
Unlevered ROIC
10%
EBITDA / total invested capital
Payback
9.8 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $1.6M – $7.0M
- Near category avg vs category
- Liquid capital req'd
- $50K – $50K
- Better than avg vs category
- Franchise fee
- $60K – $60K
- Near category avg vs category
- Royalty
- 5.0%
- Gross Revenues · typical 6–8%
- Ad fund
- 3.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Marketing / ad fund | 3.0% of gross sales |
| Technology fee | $500 |
| Training fee | $5K |
| Transfer fee | $30K |
| Renewal fee | $15K |
| Inventory (initial) | $35K – $50K |
| Total fee load | 8.0% of rev |
Financial Performance
- Avg gross sales
- $4.4M
- Per unit, per year
- Median gross sales
- $4.5M
- Item 19 type
- gross_sales
- Sample size
- 70 units
- vs category median 13 · large
- Range (low → high)
- $919K→$6.7M
- Cohort dispersion (min → max)
- Transparency tier
- revenue_only
- Categorical assessment of disclosure depth
- Transparency
- 7 / 5
- vs category median 4 / 5 · above
Compared against 1264 Full-Service Restaurants brands
vs Full-Service Restaurants averages
How Walk-On’s Sports Bistreaux Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 78
- Opened
- 4
- Last reporting year
- Closed
- 5
- Turnover rate
- 6.4%
- Company-owned
- 5
- Corporate units in the system
- % franchised
- 94%
- vs corporate-owned
- Multi-unit owners
- 19.0%
- Net growth (yr3)
- -7.4%
- Net unit change last year
- 3-yr CAGR
- +32.7%
- Compounded over last 3 years
3-year detail · Item 20
- Closed (3yr)
- 1
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 4
- Reacquired (3yr)
- 0
- Franchisor bought back
- Transfer rate
- 57.1%
- Owners selling to other franchisees
- Continuity rate
- 93.6%
- Units that stayed open
- Ceased ops
- 71.4%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 14 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.
Available to sell in · Item 12
- California
- Illinois
- Indiana
- Maryland
- Michigan
- Minnesota
- New York
- North Dakota
- Rhode Island
- South Dakota
- Virginia
- Washington
- Wisconsin
States where the franchisor is registered to sell new franchises (FDD registration filings).
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Walk-On's presents moderate-to-caution risk: strong revenue averages are offset by opaque profitability metrics, slow unit growth, and high capital requirements typical of full-service sports dining concepts.
Litigation (Item 3)
0 case reference(s): 2 pending, 0 settled.
Bankruptcy (Item 4)
Disclosed in last 7 years
Bankruptcy Code; (b) obtained a discharge of its debts under the bankruptcy code; or (c) was a principal officer of a company or a general partner in a partnership that either filed as a debtor (or had filed against it) a petition to start an action under the U.S. Bankruptcy Code or that obtained a
Audited financials (Item 21)
Yes · Bourgeois Bennett
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: Yes
Score breakdown · what drove the 99 / 100 rating
- 01MEDNet income not disclosed in Item 19 — unable to assess actual profitability despite $4.4M average revenue
- 02MINORModest unit growth of 7.4% YoY suggests slower expansion than typical QSR/casual dining franchises
- 03MINORWide investment range ($1.55M–$7.02M) indicates inconsistent buildout costs or site-dependent variables
- 04MINORHigh initial investment relative to 5% royalty may create cash flow pressure in early years
- 05MINORFood and beverage operational complexity (staffing, inventory, health codes) creates execution risk
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 | 4 |
| Territory type | Radius |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory radius | 9 mi |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 15 days |
| Termination groundsℹ | 1 |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Georgia |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 2 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 49 hrs
- On-the-job training
- 230 hrs
- Training location
- On-site and corporate
- Site selection
- joint
- Franchisor financing
- Offered
- Item 10
- POS system
- Toast
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Toast
Item 20 · call current owners
Franchisee Contacts
85 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Walk-On’s Sports Bistreaux · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Walk-On’s Sports Bistreaux franchise?
The total investment to open a Walk-On’s Sports Bistreaux franchise ranges from $1.6M – $7.0M, with an initial franchise fee of $60K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Walk-On’s Sports Bistreaux franchise owners earn?
According to Item 19 of the Walk-On’s Sports Bistreaux FDD, the average gross sales per unit is $4.4M. The median is $4.5M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Walk-On’s Sports Bistreaux's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Walk-On’s Sports Bistreaux (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 Walk-On’s Sports Bistreaux franchise locations are there?
As of their most recent FDD filing, Walk-On’s Sports Bistreaux has 78 total units in the United States, including 68 franchised units and 5 company-owned units. 4 new units were opened in the latest reporting year.
Is Walk-On’s Sports Bistreaux a good franchise to buy?
FranchiseVerdict rates Walk-On’s Sports Bistreaux as a F-grade franchise with a risk score of 99 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.