Wings and Rings Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$40,000
Investment required
$1,483,000 - $2,000,000
Royalty fee
5.00%

Wings and Rings: Elevating the Sports Restaurant Experience

Wings and Rings, a prominent name in the club-level sports restaurant and bar scene, was founded in 1984 in Cincinnati, Ohio, and began its franchising journey in 1988. The brand has established itself in the competitive food and beverage industry with its chef-inspired recipes, irresistible wings and chicken ringer sandwiches, custom-crafted cocktails, and an environment that promotes social interaction.

Known for its chef-inspired menu, Wings and Rings caters to a variety of dining needs, including dine-in, delivery, carry-out, and catering, all within a vibrant and inclusive atmosphere. The franchise features contemporary, clean restaurant designs with spaces ranging from 4,500 to over 5,000 square feet, creating a welcoming environment for all guests.

Wings and Rings successfully blends the simplicity of fast-casual dining with the engagement and revenue potential of casual dining. Focused on expansion, the franchise offers single, multi-unit, and area developer opportunities across various markets.

With a diverse and quality-driven menu that extends beyond buffalo wings, Wings and Rings aims to elevate the sports restaurant experience.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Initial Franchise Fee Between $0 and $40,000
Building/Leasehold Improvements $675,000 to $875,000
Furniture, Fixture & Equipment $404,000 to $482,000
Point of Sale (POS) System $36,000 to $38,000
Signage $15,000 to $38,000
Television & Related Equipment $150,000 to $200,000
Miscellaneous Opening Costs $9,200 to $29,200
Training (Travel, living expenses & in-store training) $12,000 to $17,000
Pre-Opening Manager Salaries (3 months) & Hourly Associate 1.5 weeks $60,000 to $82,000
Professional Fees $21,500 to $37,500
Alcoholic Beverage License $1,000 to $5,500
Insurance $4,500 to $9,500
Opening Inventory $34,500 to $36,000
Grand Opening Advertising $10,000
Additional Funds - 3 Months $50,000 to $100,000
Total $1,482,700 to $1,999,700

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Number of units

2023
Franchised units

54

56

54

Company-owned units

5

6

8

Total units

59

62

62

Franchise Disclosure Document

Training 

Wings and Rings offers a thorough training program for franchisees, designated individuals, managers, and employees to ensure they meet the franchise's operational standards and service quality. Here are the main components of the training:

Management and Employee Training Franchisees and their management staff must complete the comprehensive training program, which includes sessions on restaurant processes and operations, food preparation, guest interaction, shift management, bar management (including alcohol and dram shop training), marketing, public relations, special events, leadership, food safety, financial management, and human resources.

On-Site Training For their first Wings and Rings restaurant, franchisees receive on-site training for their employees at the franchise location for at least seven days, with all related expenses covered by the franchisor. For subsequent restaurants, on-site training is available upon request, but the franchisee must reimburse the franchisor for all associated expenses.

Additional and Ongoing Training If the franchisor determines that additional training is necessary for the franchisee, designated individual, or management employees to meet operational standards, they must undergo further instruction.

Territory Protection

The franchise agreement includes a "Protected Territory," where the franchisor cannot establish or allow another Wings and Rings Restaurant (except for Special Purpose Outlets) without the franchisee's prior written consent, as long as the franchisee adheres to all franchisor-required methods, procedures, standards, and specifications.

Protected Territory Details Typically, the protected area is an eight-minute drive time radius from the franchised restaurant's location. Within this area, the franchisor may not establish or license others to establish another Wings and Rings Restaurant without the franchisee's written consent, provided the franchisee is in compliance with the agreement.

Special Purpose Outlets The franchisor retains the right to establish or license Special Purpose Outlets within the Protected Territory. Special Purpose Outlets include Wings and Rings Restaurants located in non-traditional venues such as shopping malls, hospitals, airports, university campuses, amusement parks, sports arenas, military bases, national parks, casinos, hotels, or similar locations.

Population Growth Clause If the population within the Protected Territory increases by more than 25% from the population at the time of the agreement, the franchisor reserves the right to establish or franchise another Wings and Rings Restaurant within this territory.

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