Wing It On! Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Wing It On! is a quick-service franchise specializing in chicken wings, tenders, and sandwiches. Franchisees run the restaurants, managing food prep, staffing, and takeout and delivery.
FranchiseVerdict summary · 2026
A Wing It On! franchise requires a total initial investment of $219K – $473K, including a $35K franchise fee and an ongoing 6.0% royalty[2]. Per the 2025 FDD, average unit revenue was $582K[2]. FranchiseVerdict grade: F (Weakest tier), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $219K – $473K
- 30th pct Service Resta…
- Avg gross sales
- $582K
- Incl. company outlets4th pct Service Resta…
- Royalty
- 6.0%
- 46th pct Service Resta…
- Units
- 12
- 41st pct Service Resta…
- SBA charge-off
- N/A
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = favorable by >10% vs Quick-Service Restaurants avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $219K – $473K including a $35K franchise fee, 6.0% ongoing royalty.
- RETURNSAverage unit revenue of $582K/year (median $571K) (includes company-owned outlets).
- RISKVerdict F (Weakest tier), verdict score 25/100 (higher is better).
- FLAGAuditor 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
Corporate structure & franchisor financials
- Legal entity
- WIO Franchising LLC
- Parent company
- Craveworthy LLC
- Predecessor
- WIO Franchising, Inc.
- Prior franchisor entity
- CEO title
- Manager
- Gregg Majewski
- Incorporated in
- Nevada
- HQ
- 755 Schneider Drive, South Elgin, Illinois 60177
- Auditor
- Muhammad Zubairy, CPA PC
- Audited financials
- Franchisor revenue
- $360K
- vs $302K prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
- ⚠ Going-concern note
- Disclosed in FDD 2025
- Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.
Overview
About
- CEO
- Gregg Majewski
- Headquarters
- IL
- Founded
- 2023
- FDD year
- 2025
- States available
- 6
Can you afford it, and what does the money buy?
Entry cost runs 47% below the typical quick-service restaurants franchise.
Source: FDD 2025 · Items 5–7
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $35K | $35K |
| Working capital (3–6 mo) | $20K | $40K |
| Equipment, build-out, other | $164K | $398K |
| Total initial investment | $219K | $473K |
Source: Wing It On! 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $219K – $473K
- Top 40% of category vs category
- Liquid capital req'd
- $20K – $40K
- Top 40% of category vs category
- Franchise fee
- $35K – $35K
- Middle of category vs category
- Royalty
- 6.0%
- Gross Revenue · typical 6–8%
- Ad fund
- 2.5%
- typical 3–5%
- Total fee load
- 8.5%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 2.5% of gross sales |
| Technology fee | $0 |
| Transfer fee | $10K |
| Renewal fee | $15K |
| Total fee load | 8.5% of rev |
What do units actually make?
Average unit sales run 52% below the quick-service restaurants norm.
Includes company-owned outlets
Source: FDD 2025 · Item 19
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
$79K
13.5% margin
Unlevered ROIC
21%
EBITDA / total invested capital
Payback
4.8 yrs
cash-on-cash, unlevered
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
What one unit earns on your invested capital
Model A · Single-Unit Return
Computes unlevered return on invested capital (ROIC) for a single franchise unit. The target band for an attractive franchise is 30–60% ROIC. Below that and a passive index fund likely outperforms; above that and the franchisor has pricing power you're subsidizing.
Note: Item 19 revenue is what the franchisor discloses. It's the top line only. Operating costs below are category estimates. Override them to match your real lease quote, labor market, and build-out budget.
Returns model · single-unit ROIC
What would one Wing It On! unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
21%
Below the 30–60% attractive-franchise band
What 25 units return when you use SBA financing
Model B · Return on Equity: Debt-Financed Acquisition
Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).
This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.
What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.
Levered LBO scenario · Yale Crease Capital framing
What would 25 Wing It On! units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$757K
on $3.8M purchase
Total debt
$3.0M
SBA $1.9M + senior + seller note
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
Includes company-owned outlets
- Avg gross sales
- $582K
- Per unit, per year
- Median gross sales
- $571K
Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.
- Item 19 type
- Historical Financial Representation
- Sample size
- 8
- vs category median 20 · small
- Range (low → high)
- $293K→$952K
- Cohort dispersion (min → max)
- Quartile band
- N/A→$889K
- Bottom 25% → top 25%
- Reporting year
- 2024
- Fiscal year the figures cover
- Source filing
- FDD 2025
- Disclosed in the 2025 filing, covering 2024
- Transparency
- 4 / 10
- vs category median 4 / 10 · typical
Compared against 782 Quick-Service Restaurants brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Unit economics
Average unit generates $582K/year in gross sales. Revenue-to-investment ratio: 1.7x. Includes company-owned outlets.
Fee burden
Total ongoing fee load of 8.5% (near the Quick-Service Restaurants average).
Disclosure
Transparency score 4/10 — this franchisor discloses detailed breakdowns (quartiles, segments, or cohort data). Buyers can model unit economics with higher confidence.
Multi-unit rate
Only 1% of franchisees own multiple units. Could indicate challenging economics or a young system where operators haven't had time to expand.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Quick-Service Restaurants averages
How Wing It On! Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 12
- Opened
- 0
- Last reporting year
- Closed
- 2
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 12.5%
- Company-owned
- 4
- Corporate units in the system
- % franchised
- 67%
- vs corporate-owned
- Multi-unit owners
- 1.0%
3-year detail · Item 20
- Opened (3yr)
- 0
- Closed (3yr)
- 1
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 2
- Reacquired (3yr)
- 1
- Franchisor bought back
- Projected new
- 3
- Franchisor's next-year forecast
- Transfer rate
- 16.7%
- Owners selling to other franchisees
- Ceased ops
- 16.7%
- Units that stopped operating
Last reporting year only, multi-year history not disclosed in this brand's FDD.
Item 12 · 6 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
6
states with franchisees (per FDD Item 12)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 4 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 4
- Loan volume
- $1.1M
- Median loan
- $225K
- 50th percentile
- Charge-off rate
- N/A
- limited sample (4 loans) — rate not shown below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 4
- Defaults
- N/A
Explore lender portfolios on Bank Reports or regional data on State Reports.
What could kill this investment?
The auditor flagged going-concern doubt (Item 21) — the single biggest risk here.
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Wing It On (Craveworthy) has an auditor going-concern note and financial distress on a tiny 12-unit system (only 8 franchised) that began franchising in 2023, plus a disclosed affiliate bankruptcy (Roti Restaurants Chapter 11, Aug 2024) and an officer named in litigation. Franchisor net worth is thin at $94,637 with a high 12.5% turnover rate.
Litigation (Item 3)
BC Licensing, LLC v. DMD Chicken, LLC et al. - BC Licensing filed suit against former franchisee DMD Chicken and its co-founders for breach of contract and breach of personal guarantees. Defendants filed counterclaim against franchisor entities (BCIP, LLC, JRS Hospitality LLC) and officers (Joshua Halpern, Perry Rogers, Shaquille O'Neal, Corey Jenkins, Matthew Silverman, Samuel Stanovich) alleging fraudulent and negligent misrepresentation, breach of implied covenant of good faith and fair dealing, and Nevada deceptive trade practices violations. Case pending as of April 30, 2025.
Bankruptcy (Item 4)
Disclosed in last 7 years
In re Roti Restaurants, LLC - Chapter 11 reorganization filed August 23, 2024 in Northern District of Illinois (Case No. 24-13827). Roti operated fast-casual restaurant chain; business failed due to rising costs, mixed location performance, and difficult market conditions. Plan confirmation order issued February 26, 2025.
Audited financials (Item 21)
Yes · Muhammad Zubairy, CPA PC⚠ Going-concern note flagged
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 25 / 100 verdict
- 01MINORgoing_concern_note=true, financial_distress=true
- 02HIGHRecent affiliate bankruptcy (Roti Restaurants, Chapter 11, Aug 2024, plan confirmed Feb 2025)
- 03MINORVery small early-stage system: 12 units, 8 franchised, franchising since 2023
- 04MINORThin net worth $94,637
- 05MINORHigh turnover rate 12.5%
- 06HIGHOfficer named in ongoing litigation counterclaim
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 8.5% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 2 mi |
| Territory population | 30,000 |
| 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 |
| RoFR response window | 60 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Carson City, Nevada |
| Jury trial waiver | Yes |
| Governing law | Nevada |
| Litigation count | 1 |
View Item 3 litigation summary
BC Licensing, LLC v. DMD Chicken, LLC et al. - BC Licensing filed suit against former franchisee DMD Chicken and its co-founders for breach of contract and breach of personal guarantees. Defendants filed counterclaim against franchisor entities (BCIP, LLC, JRS Hospitality LLC) and officers (Joshua Halpern, Perry Rogers, Shaquille O'Neal, Corey Jenkins, Matthew Silverman, Samuel Stanovich) alleging fraudulent and negligent misrepresentation, breach of implied covenant of good faith and fair dealing, and Nevada deceptive trade practices violations. Case pending as of April 30, 2025.
Items 10, 11
Training & Operations
- Classroom training
- 23 hrs
- On-the-job training
- 56 hrs
- Training location
- On-site and corporate
- POS system
- Toast POS
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Toast POS
Item 20 · call current owners
Franchisee Contacts
23 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Wing It On! · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Wing It On! franchise?
The total investment to open a Wing It On! franchise ranges from $219K – $473K, with an initial franchise fee of $35K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Wing It On! franchise owners earn?
According to Item 19 of the Wing It On! FDD, the average gross sales per unit is $582K. The median is $571K. Important context: Includes company-owned outlets. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Item 19 in the Wing It On! FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Wing It On! FDD and qualifies whose outlets they describe.
What is Wing It On!'s franchise failure rate?
SBA 7(a) loan charge-off data is not available for Wing It On! (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 Wing It On! franchise locations are there?
As of their most recent FDD filing, Wing It On! has 12 total units in the United States, including 8 franchised units and 4 company-owned units.
Is Wing It On! a good franchise to buy?
FranchiseVerdict rates Wing It On! as a F-grade franchise with a verdict score of 25 out of 100 (higher is better), 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.
For franchisors
Are you the franchisor?
If you represent Wing It On!, you can request corrections or provide updated information.
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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.