Papa Johns vs Wingstop
Franchise Comparison 2026
Both Papa Johns and Wingstop are quick-service restaurants franchises. Papa Johns requires an investment of $261K – $853K while Wingstop requires $310K – $1.0M. In terms of revenue, Wingstop reports higher average unit revenue at $2.0M. Note: Reported as net sales, not gross sales. On SBA loan performance, Wingstop has a lower charge-off rate (8.4%) compared to Papa Johns (18.1%). FranchiseVerdict rates Papa Johns A (Strongest tier) and Wingstop A (Strongest tier).
| Metric | Papa Johns | Wingstop |
|---|---|---|
| Verdict Grade | AStrongest tierStrongest tier | AStrongest tierStrongest tier |
| Investment Range | $261K – $853K | $310K – $1.0M |
| Franchise Fee | $25K | $25K |
| Royalty Rate | 5.0% | 6.0% |
| Average Revenue (Item 19) | $1.1M | $2.0M |
| SBA Charge-Off Rate | 18.1% (323 loans) | 8.4% (465 loans) |
| Total Units | 3,291 | 2,586 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 2021 | 1997 |
| FDD Year | 2025 | 2026 |
Investment Range
$261K – $853K
$310K – $1.0M
Franchise Fee
$25K
$25K
Royalty Rate
5.0%
6.0%
Average Revenue (Item 19)
$1.1M
$2.0M
SBA Charge-Off Rate
18.1% (323 loans)
8.4% (465 loans)
Total Units
3,291
2,586
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2021
1997
FDD Year
2025
2026