Wings and Rings^®

Food & Beverage • Year: 2025

All product and company names mentioned are trademarks™ or registered® trademarks of their respective holders. Use of these names does not imply any affiliation with, sponsorship by, or endorsement by them.

What Is Wings and Rings?

Wings and Rings is a club-level sports restaurant and bar offering signature wings, big and bold burgers, fresh salads, and specialty sandwiches. Franchise restaurants operate under a standardized system emphasizing branded design, operating procedures and food and beverage offerings, and include the sale of alcoholic beverages as part of their product mix.

Wings and Rings Franchise: Pros and Cons

A key strength is 256 hours of initial training (top 10% across franchising), showing the franchisor’s heavy investment in new operators; a major risk is the high estimated startup cost of $1.5–$2.0M, with equipment/assets of $625,150–$794,300 and minimum reserves of $50,000.

Pros

256 hours of initial training is in the top 10% across franchising and well above typical, indicating the franchisor invests heavily in preparing new operators before opening.

A spotless enforcement and legal record — zero outlet non-renewals, zero franchisee-initiated judgments or settlements, zero government penalties, and zero franchisor-initiated enforcement actions — is unusually clean for Food & Beverage (bottom 5%), signaling smooth franchisor–franchisee relations and fewer regulatory headaches.

Manager required equity of 0% is well below typical for Food & Beverage (bottom 5%), giving you flexibility to structure manager ownership and compensation without mandatory equity requirements.

Cons

Estimated total startup costs range from $1.5M to $2.0M (Item 7), both figures well above typical for Food & Beverage (top 10%), which raises your upfront capital and likely financing needs; equipment and asset costs alone are high (Item 7 assets min $625,150 / max $794,300, top 5%), and the minimum reserves of $50,000 (top quarter) suggest ongoing monthly costs will be higher than peers.

The franchisor cannot sell online into your territory, an unusual absence (95.4% of Food & Beverage brands allow this), which removes a common centralized revenue channel and may put more pressure on your local marketing and sales to drive volume.

Lawsuits & Legal Risk

61/100

NORMAL

The Facts: A pending intra-company dispute (Schram v. Masadeh) alleges fraudulent inducement, breach of contract and fiduciary-duty claims arising from operating agreements and distribution disputes between an owner and the CEO. The Advice: Review the franchisor’s operating and distribution agreements, governance and removal provisions, dispute-resolution clauses, related-party transactions and insurance; obtain counsel to assess potential operational or financial impacts.

Territory Protection

56/100

Good

Grants a protected operating area where the franchisor will not place other physical units. It retains the right to develop nearby units, acquire and convert franchise locations, deploy alternative distribution channels and retail formats under different trademarks, and adjust territorial boundaries contingent on meeting performance quotas, while the franchisee maintains site-relocation rights.

Training & Support

100

Excellent

The brand provides a comprehensive 256-hour training curriculum designed to prepare four staff members for launch. The program includes on-site launch support as part of operational readiness; on-site assistance carries additional fees, and travel and lodging expenses are the responsibility of the franchisee.

Unit Growth Analysis

This franchise is on a declining, recently accelerating trajectory: units fell from 64 (2022) to 62 (2023, −3.1%), were flat at 62 in 2024 (0%), then dropped to 58 in 2025 (−6.5% YoY), a cumulative decline of 9.4% (64 → 58) over the period. For investors this signals weakening franchise health—closures/attrition now outpacing openings—and the sharper −6.5% loss in the latest year warrants investigation into retention, unit economics, or franchisee support before adding new investment.

How Much Does It Cost to Open a Wings and Rings Franchise?

Opening a Wings and Rings franchise requires a total initial investment of $1,503,100 to $2,015,500, according to the 2025 Franchise Disclosure Document. This range covers the franchise fee, real estate, equipment, training, and initial working capital needed to launch and operate through the early months.

Minimum Investment

$1,503,100

Franchise Fee

Real Estate

Equipment & Assets

Reserves

Training

Other

Maximum Investment

$2,015,500

Minimum Investment Breakdown

Franchise Fee$0

Real Estate$708,750

Equipment & Assets$625,150

Reserves$50,000

Training$12,000

Other$107,200

Maximum Investment Breakdown

Franchise Fee$40,000

Real Estate$892,500

Equipment & Assets$794,300

Reserves$100,000

Training$17,000

Other$171,700

Investment Analysis

This investment analysis is coming soon. Have ideas for other analyses you'd like us to add? Get in touch.

The initial investment amounts shown are estimates only. Actual costs may vary based on location size, business model, and multi-unit ownership arrangements. We recommend reviewing the full Franchise Disclosure Document for complete details.

How Much Do Wings and Rings Franchise Owners Make?

Wings and Rings franchise locations reported average gross sales of $2,417,501 and median gross sales of $2,338,670 in 2025, based on financial performance data disclosed in Item 19 of the Franchise Disclosure Document.

Average Gross Sales:

$2,417,501

Median Gross Sales:

$2,338,670

High Gross Sales:

$3,688,204

Low Gross Sales:

$1,173,966

Sample Size:

Percent Attaining Average:

50.0%

Franchise vs Corporate Performance: Franchised endcap locations averaged $2,417,501 in 2024 versus company-owned single-unit averages shown separately, indicating franchised units are reporting comparable scale within the endcap format.

Performance Variability Analysis: 2024 franchised results display substantial spread with a low of $1,173,966 and a high of $3,688,204, and only half of franchised units met or exceeded the average, signaling meaningful variability across locations.

Data Scope and Limitations: The reported sales metrics are for endcap-style locations only and expense/P&L figures are presented on a combined company/franchise basis and are unaudited, so franchised-only expense conclusions are limited.

Frequently Asked Questions

How much does it cost to open a Wings and Rings franchise?

The total initial investment for a Wings and Rings franchise ranges from $1,503,100 to $2,015,500, according to the 2025 Franchise Disclosure Document. This includes the franchise fee, real estate, equipment, training, and working capital.

What is the Wings and Rings initial franchise fee?

The initial franchise fee for Wings and Rings is $40,000, as stated in the 2025 FDD. This fee is paid upon signing the Franchise Agreement.

How much do Wings and Rings franchise owners make?

Wings and Rings franchise locations reported average gross sales of $2,417,501 and median gross sales of $2,338,670 in 2025, based on Item 19 of the Franchise Disclosure Document. Actual earnings vary by location, market, and operator experience.

Does Wings and Rings have any franchise lawsuits or legal issues?

Wings and Rings received a legal risk score of 61 out of 100 in the 2025 FDD analysis. The Facts: A pending intra-company dispute (Schram v.

Does Wings and Rings offer exclusive franchise territories?

Wings and Rings received a territory protection score of 56 out of 100. Grants a protected operating area where the franchisor will not place other physical units.

What training does Wings and Rings provide to new franchisees?

Wings and Rings received a training and support score of 100 out of 100. The brand provides a comprehensive 256-hour training curriculum designed to prepare four staff members for launch.

How many Wings and Rings franchise locations are there?

Wings and Rings had 58 total locations as of the 2025 Franchise Disclosure Document.

What type of business is Wings and Rings?

Wings and Rings is a club-level sports restaurant and bar offering signature wings, big and bold burgers, fresh salads, and specialty sandwiches.

Interested in Wings and Rings?

Get more information and connect with the franchise directly.