Bottom line
- Total investment $142K – $821K including a $40K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $824K/year (median $710K).
- Rated STRONG with a risk score of 49/100. SBA loan default rate of 0.0% across 84 loans (below the industry average).
- No protected territory and the franchisor reserves the right to compete in your area. Clarify territorial boundaries before signing.
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 WING ZONE unit return on the cash you put in?
Unlevered ROIC · per unit
21%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 WING ZONE units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$989K
on $4.9M purchase
Total debt
$4.0M
SBA $2.5M + senior + seller note
Overview
About
Wing Zone franchisees operate quick-service chicken wing restaurants, managing food preparation, inventory, customer service, and point-of-sale operations. Daily responsibilities include staffing management, food safety compliance, local marketing, and order fulfillment for dine-in, takeout, and delivery customers. Franchisees must maintain brand standards while operating within a competitive QSR market with thin margins.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 20 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
Wing Zone presents a CAUTION-level risk profile due to missing profitability disclosure, corporate financial concerns, minimal system growth, unprotected territories, and aggressive royalty structure that may not justify the investment.
Score breakdown · what drove the 49 / 100 rating
- 01MINORNo Item 19 (Average Unit Volume) disclosure despite $824K average revenue claim — inability to verify profitability or validate earnings claims
- 02HIGHGoing Concern status is FALSE, indicating potential financial instability at corporate level
- 03MEDSlow unit growth (11.1% YoY on only 31 units) suggests limited demand or franchisee satisfaction issues
- 04MINORUnprotected territory creates direct competition risk and cannibalization within franchise system
- 05MINORWide investment range ($142K-$820.5K) indicates inconsistent unit economics and unclear cost structure
- 06MINORHigh royalty burden (6-7% weekly, not annually) compounds with other costs and reduces net margins significantly
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
60 numbers
One-time purchase · CSV download · Validation questions included
FDD download
WING ZONE · FDD (2024) PDF