Wings Etc. FDD – Franchise Information, Costs and Fees
Type of Business
The franchisor sells franchises for the right to operate a single WINGS ETC.® restaurant. WINGS ETC.® restaurants will have a family-oriented sports theme and will offer a wide variety of chicken wings, sandwiches, burgers and other products (for on-premises dining and carry-out) and beverages including beer, wine and liquor.
Corporate Information
Wings Etc., Inc. is an Indiana corporation incorporated on August 30, 2004. Their principal place of business is at 7337 W. Jefferson Blvd, Suite 200, Fort Wayne, Indiana 46804. They began offering restaurant franchises in April 2005 under the name “WINGS ETC.”
Investment
The total initial investment necessary to begin operations of a WINGS ETC. restaurant franchise ranges from $368,150 to $1,495,600 for a non-free standing location or a conversion of an existing free standing location, and $1,618,150 to $2,567,100 for a free standing building. These amounts include an initial Franchise Fee of $39,500, which must be paid to the franchisor.
Franchisees who qualify may sign a development agreement, which authorizes them to enter into 3 or more franchise agreements within a specified development area. To retain the right to acquire more franchises, these franchisees must satisfy a minimum development schedule. Developer franchisees pay the standard Initial Franchise Fee of $39,500 for their first restaurant to be developed and a development fee ranging between $30,000 and $100,000 for the right to develop additional restaurants within the specified development area. The amount of the development fee depends on the number of restaurants to be developed.
