WolfnightsFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A Wolfnights franchise requires a total initial investment of $256K – $581K, including a $40K franchise fee and an ongoing 6.0% royalty[2]. Per the 2025 FDD, average unit revenue was $1.0M[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $256K – $581K
- 14th pct Service Resta…
- Avg gross sales
- $1.0M
- 10th pct Service Resta…
- Royalty
- 6.0%
- 26th pct Service Resta…
- Units
- 4
- 10th 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
116% cash-on-cash return (based on P&L Bottom Line). Above the 20% threshold most investors target.
Bottom line
- Total investment $256K – $581K including a $40K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $1.0M/year, with an estimated 116% cash-on-cash return (based on P&L Bottom Line).
- Verdict A (Top Quintile) with a risk score of 33/100.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Wolfnights Ventures LLC
- Incorporated in
- DE
- HQ
- 99 Rivington Street, New York, New York 10002
- Auditor
- DA Advisory Group PLLC
- Audited financials
- Franchisor revenue
- $0
- vs $0 prior year
Overview
About
Wolfnights franchisees operate [BUSINESS MODEL UNCLEAR - insufficient data provided]. Based on the brand name and investment level, this appears to be a service or hospitality concept, but the specific day-to-day operations, target market, and service delivery model are not specified in available documentation.
- CEO
- Itai Afek
- Headquarters
- NY
- Founded
- 2017
- FDD year
- 2025
- States available
- 1
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $40K | $40K |
| Working capital (3–6 mo) | $20K | $40K |
| Equipment, build-out, other | $196K | $501K |
| Total initial investment | $256K | $581K |
Source: Wolfnights 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
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
$104K
10.0% margin
Unlevered ROIC
23%
EBITDA / total invested capital
Payback
4.3 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $256K – $581K
- Better than avg vs category
- Liquid capital req'd
- $20K – $40K
- Better than avg vs category
- Franchise fee
- $40K – $40K
- Better than avg vs category
- Royalty
- 6.0%
- Gross Sales · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
- Payback period
- 0.9 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $500 |
| Training fee | $1K |
| Transfer fee | $15K |
| Renewal fee | $5K |
| Total fee load | 8.0% of rev |
Financial Performance
- Avg gross sales
- $1.0M
- Per unit, per year
- Median gross sales
- N/A
- Avg p&l bottom line
- $486K
- Reported as P&L Bottom Line in FDD Item 19
- Cash-on-cash
- 116.1%
- Based on P&L Bottom Line / investment midpoint
- Item 19 type
- Historical
- Sample size
- 4 units
- vs category median 13 · small
- Range (low → high)
- $695K→$1.4M
- Cohort dispersion (min → max)
- Transparency
- 9 / 5
- vs category median 4 / 5 · above
Compared against 1264 Full-Service Restaurants brands
vs Full-Service Restaurants averages
How Wolfnights Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 4
- Opened
- 0
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 4
- Corporate units in the system
- % franchised
- 0%
- vs corporate-owned
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 3
- Franchisor's next-year forecast
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.
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
Wolfnights presents CAUTION-to-HIGH RISK profile: micro-franchise with only 4 units, undisclosed franchisor going concern status, and unverifiable financial claims make this unsuitable for risk-averse investors.
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · DA Advisory Group PLLC
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 33 / 100 rating
- 01MINOROnly 4 units in system with unknown growth trajectory indicates micro-franchise with unproven scalability
- 02HIGHGoing Concern = False suggests franchisor financial instability or inability to support franchisees long-term
- 03MINORHigh investment range ($256K-$580K) against only 4 operating units raises questions about unit economics and franchisor viability
- 04MEDNo Item 19 (financial performance representations) disclosed — cannot validate if average revenue figures are typical or outliers
- 05MEDExtremely limited franchisee pool (4 units) makes it nearly impossible to conduct meaningful market validation
- 06MINOR6% royalty on $1.04M average revenue = $62,674 annual royalty per unit — sustainability unclear at lower revenue levels
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 |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | No |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | New York County, New York |
| Jury trial waiver | Yes |
| Governing law | New York |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 16 hrs
- On-the-job training
- 70 hrs
- Training location
- headquarters, existing Restaurant or designated location
- Ongoing training
- Required
- Field support
- 112 hrs/yr
- On-site visits per year
- POS system
- Toast POS
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Toast POS
Item 20 · call current owners
Franchisee Contacts
15 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Wolfnights · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Wolfnights franchise?
The total investment to open a Wolfnights franchise ranges from $256K – $581K, with an initial franchise fee of $40K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Wolfnights franchise owners earn?
According to Item 19 of the Wolfnights FDD, the average gross sales per unit is $1.0M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Wolfnights's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Wolfnights (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 Wolfnights franchise locations are there?
As of their most recent FDD filing, Wolfnights has 4 total units in the United States, including 0 franchised units and 4 company-owned units.
Is Wolfnights a good franchise to buy?
FranchiseVerdict rates Wolfnights as a A-grade franchise with a risk score of 33 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.