Wings Over Franchise Prices, Charges, Revenues, Earnings (2023 Evaluation)

On this unique Franchise Chatter FDD Discuss submit, you’ll study the next:

Part I – Estimated preliminary funding (franchise prices) for a Wings Over franchise, primarily based on Merchandise 7 of the corporate’s 2023 FDD

Part II – Preliminary franchise charge, royalty charge, and advertising and marketing charge for a Wings Over franchise, primarily based on Objects 5 and 6 of the corporate’s 2023 FDD

Part III – Variety of franchised and company-owned Wings Over retailers initially of the yr and the top of the yr for 2020, 2021, and 2022, primarily based on Merchandise 20 of the corporate’s 2023 FDD

Part IV – Information updates on the Wings Over franchise alternative

Part V – Presentation and evaluation of Wings Over’s monetary efficiency representations (common revenues and/or earnings), primarily based on Merchandise 19 of the corporate’s 2023 FDD, together with data on the:

• 2020, 2021, and 2022 common, median, excessive, and low product sales for the franchised Wings Over companies that have been open for your complete 2020 fiscal yr (October 1, 2019 to September 30, 2020), your complete 2021 fiscal yr (October 1, 2020 to September 30, 2021), and your complete 2022 fiscal yr (October 1, 2021 to September 30, 2022), respectively, with sure exceptions

• 2020, 2021, and 2022 common, median, excessive, and low product sales for the company-owned Wings Over companies that have been open for your complete 2020 fiscal yr, your complete 2021 fiscal yr, and your complete 2022 fiscal yr, respectively, with sure exceptions

Part VI – Key ratios, comparables, computations, and analyses for the Wings Over franchise alternative (unique content material for Platinum subscribers)

Part I – Wings Over Franchise Prices

• Preliminary Franchise Payment: $30,000
• Actual Property Lease Deposits:  $1,500 to $8,000
• Leasehold Enhancements:  $25,000 to $330,000
• Furnishings, Tools, Indicators, and Fixtures:  $80,000 to $190,000
• Level-of-Sale System and Software program:  $15,000 to $25,875
• Stock (Paper, Meals, Provides):  $4,000 to $20,000
• Branded Merchandise and Uniforms:  $12,500
• Journey and Residing Bills for Coaching:  $2,000 to $5,000
• Grand Opening Native Promoting and Promotional Program:  $5,000
• Promoting:  $1,000 to $3,000
• Insurance coverage:  $5,000 to $20,000
• Permits, Well being, Occupancy:  $1,000 to $2,000
• Utilities:  $3,000
• Authorized and Accounting:  $1,000 to $2,500
• Extra Funds for 3 Months:  $12,000 to $45,000
• Whole Estimated Wings Over Franchise Prices:  $198,000 to $701,875

Part II – Wings Over’s Preliminary Franchise Payment, Royalty Payment, and Advertising Payment

• Preliminary Franchise Payment:  $30,000
• Royalty Payment:  5% of product sales
• Native Promoting:  2% of product sales
• Promoting Cooperative:  as much as $10,000 yearly
• Promoting Fund:  as much as 2% of product sales

Part III – Variety of Franchised and Firm-Owned Wings Over Shops

Franchised

2020

• Shops on the Begin of the 12 months:  30
• Shops on the Finish of the 12 months:  26
• Web Change:  -4

2021

• Shops on the Begin of the 12 months:  26
• Shops on the Finish of the 12 months:  30
• Web Change:  +4

2022

• Shops on the Begin of the 12 months:  30
• Shops on the Finish of the 12 months:  29
• Web Change:  -1

Firm-Owned

2020

• Shops on the Begin of the 12 months:  8
• Shops on the Finish of the 12 months:  8
• Web Change:  0

2021

• Shops on the Begin of the 12 months:  8
• Shops on the Finish of the 12 months:  7
• Web Change:  -1

2022

• Shops on the Begin of the 12 months:  7
• Shops on the Finish of the 12 months:  6
• Web Change:  -1

Part IV – Information Updates on the Wings Over Franchise

Part V – Monetary Efficiency Representations (Common Revenues and/or Earnings) for the Wings Over Franchise (Merchandise 19, 2023 FDD)

• This Merchandise 19 presents historic Gross Gross sales information for franchised and company-owned Wings Over companies that have been open for your complete 2020 fiscal yr (October 1, 2019 to September 30, 2020), your complete 2021 fiscal yr (October 1, 2020 to September 30, 2021), and your complete 2022 fiscal yr (October 1, 2021 to September 30, 2022), respectively, with sure exceptions (as described under).

• Wings Over has not audited or verified this data. Wings Over relied solely on the data offered by every outlet’s point-of-sale pc techniques.

• “Gross Gross sales” means all income from the sale of all services and products and all different revenue of each form and nature at or from the Restaurant or in any other case associated to the Restaurant, together with any proceeds from enterprise interruption insurance coverage, whether or not for money or credit score, and no matter assortment within the case of credit score.

• Gross Gross sales won’t embody any gross sales taxes or different taxes collected from prospects by you and paid on to the suitable taxing authority.

Half 1 – Gross Gross sales for Franchised Shops

• Half 1 under presents Gross Gross sales data for sure franchised retailers in operation throughout fiscal years 2020, 2021, and 2022.

• Gross Gross sales introduced for fiscal yr 2020 have been generated by 27 of the 30 franchised retailers in operation throughout that fiscal yr, together with 1 franchised outlet that operated for all however 1 month of the fiscal yr after which closed completely. The data offered doesn’t embody 1 different franchised outlet that ceased working underneath a franchise settlement throughout fiscal yr 2020, nor 2 franchised retailers that have been reacquired by Wings Over throughout that fiscal yr.

• In fiscal yr 2020, 12 (44%) of the 27 reported franchised retailers met or exceeded the typical Gross Gross sales determine for these 27 retailers, and 15 (56%) of the 27 reported franchised retailers didn’t meet or exceed that common Gross Gross sales determine.

• Gross Gross sales introduced for fiscal yr 2021 have been generated by 25 of 31 franchised retailers working throughout that fiscal yr. The data offered doesn’t embody 4 franchised retailers that opened throughout that fiscal yr, 1 franchised outlet that operated for all however 1 month of that fiscal yr after which closed completely, and 1 franchised outlet that closed for about 3 months throughout that fiscal yr as a result of a hearth on the premises of a enterprise positioned subsequent door.

• In fiscal yr 2021, 10 (40%) of the 25 reported franchised retailers met or exceeded the typical Gross Gross sales determine for these 25 retailers, and 15 (60%) of the 25 reported franchised retailers didn’t meet or exceed that common Gross Gross sales determine.

• Gross Gross sales introduced for fiscal yr 2022 have been generated by 25 of 32 franchised retailers working throughout that fiscal yr. The data offered doesn’t embody 2 franchised retailers that opened throughout that fiscal yr, nor 3 franchised retailers that ceased working underneath a franchise settlement throughout fiscal yr 2022. The data offered additionally doesn’t embody 1 franchised outlet that remained closed for the primary 3 months of the fiscal yr as a result of a hearth on the premises of a neighboring enterprise, nor 1 franchised outlet that briefly closed as a result of relocation.

• In fiscal yr 2022, 8 (32%) of the 25 reported franchised retailers met or exceeded the typical Gross Gross sales determine for these 25 retailers, and 17 (68%) of the 25 reported franchised retailers didn’t meet or exceed that common Gross Gross sales determine.

2020

• Variety of Shops:  27
• Highest Gross Gross sales:  $3,202,274
• Common Gross Gross sales:  $1,459,867
• Median Gross Gross sales:  $1,432,480
• Lowest Gross Gross sales:  $491,856

2021

• Variety of Shops:  25
• Highest Gross Gross sales:  $2,802,076
• Common Gross Gross sales:  $1,457,093
• Median Gross Gross sales:  $1,346,330
• Lowest Gross Gross sales:  $631,164

2022

• Variety of Shops:  25
• Highest Gross Gross sales:  $3,236,785
• Common Gross Gross sales:  $1,436,391
• Median Gross Gross sales:  $1,284,089
• Lowest Gross Gross sales:  $668,388

Half 2 – Gross Gross sales of Firm-Owned Shops

• Half 2 under presents Gross Gross sales data for sure company-owned retailers in operation throughout fiscal years 2020, 2021, and 2022.

• Gross Gross sales introduced for fiscal yr 2020 have been generated by 8 of the 8 company-owned retailers working throughout that fiscal yr, together with 1 company-owned outlet that closed for about 4 months throughout that fiscal yr as a result of influence of the COVID-19 pandemic, and a couple of franchised retailers that have been reacquired by Wings Over or its affiliate throughout that fiscal yr.

• In fiscal yr 2020, 4 (50%) of the 8 reported company-owned retailers met or exceeded the typical Gross Gross sales determine for these 8 retailers, and 4 (50%) of the 8 reported company-owned retailers didn’t meet or exceed that common Gross Gross sales determine.

• Gross Gross sales introduced for fiscal yr 2021 have been generated by 6 of the 9 company-owned retailers working throughout that fiscal yr. The data offered for fiscal yr 2021 excludes 1 new company-owned outlet that opened throughout that fiscal yr and 1 present company-owned outlet that closed throughout that fiscal yr, each of which have been in operation for lower than 6 months; and 1 company-owned outlet that was bought to a franchisee throughout that fiscal yr.

• In fiscal yr 2021, 3 (50%) of the 6 reported company-owned retailers met or exceeded the typical Gross Gross sales determine for these 6 retailers, and three (50%) of the 6 reported company-owned retailers didn’t meet or exceed that common Gross Gross sales determine.

• Gross Gross sales introduced for fiscal yr 2022 have been generated by 6 of the 7 company-owned retailers working throughout that fiscal yr. The data offered for fiscal yr 2022 excludes 1 company-owned outlet that closed throughout that fiscal yr, which was in operation for lower than 9 months.

• In fiscal yr 2022, 3 (50%) of the 6 reported company-owned retailers met or exceeded the typical Gross Gross sales determine for these 6 retailers, and three (50%) of the 6 reported company-owned retailers didn’t meet or exceed that common Gross Gross sales determine.

2020

• Variety of Shops:  8
• Highest Gross Gross sales:  $2,778,952
• Common Gross Gross sales:  $1,010,640
• Median Gross Gross sales:  $1,247,651
• Lowest Gross Gross sales:  $342,439

2021

• Variety of Shops:  6
• Highest Gross Gross sales:  $3,114,960
• Common Gross Gross sales:  $1,726,916
• Median Gross Gross sales:  $1,604,137
• Lowest Gross Gross sales:  $751,957

2022

• Variety of Shops:  6
• Highest Gross Gross sales:  $3,084,880
• Common Gross Gross sales:  $1,734,001
• Median Gross Gross sales:  $1,546,500
• Lowest Gross Gross sales:  $1,024,973

• “Gross Gross sales” means all income from the sale of all services and products and all different revenue of each form and nature at or from the Restaurant or in any other case associated to the Restaurant, together with any proceeds from enterprise interruption insurance coverage, whether or not for money or credit score, and no matter assortment within the case of credit score.

• Gross Gross sales won’t embody any gross sales taxes or different taxes collected from prospects by you and paid on to the suitable taxing authority.

• The merchandise and drinks bought at all the above places are related to those who will probably be supplied by you, together with boneless rooster wings, bone-in rooster wings, ribs, specialty sandwiches, and Coca Cola merchandise. The retailers obtained the vast majority of gross sales from carry-out and supply companies.

• Some retailers have earned this quantity. Your particular person outcomes could differ. There isn’t a assurance that you just’ll earn as a lot.

Part VI – Wings Over Franchise Ratios, Comparables, Computations, and Analyses (Unique Content material for Platinum Subscribers) ⬇️