BUFFALO WILD WINGS
Buffalo Wild Wings franchises sports entertainment-oriented casual/fast casual restaurants called Sports Bars, featuring chicken wings, sandwiches, other food products, and beverages including alcoholic drinks, prepared according to proprietary recipes and served in a distinctive environment with sports viewing. The business model involves granting franchise agreements for single units or area developments, with franchisees operating under the Buffalo Wild Wings System and Trademarks, including options for non-traditional and multi-brand locations. The target market is the general public seeking casual dining, carry-out, delivery, and sports entertainment experiences.
Franchise Costs
5% royalty + 4% ad fund + $30-$95/mo fixed fees (menu database, learning management, contactless payment, co-op accounting)
Financial Performance
Item 19 Financial Performance
Data Based On: 532 franchised Buffalo Wild Wings Sports Bars (referred to as '2025 Franchised Sports Bars') that operated for the full year 2025. Excludes 15 newly opened units and 2 temporarily closed units, as well as all company-owned units.
* All financial metrics extracted directly from the 'Annual Unit Volumes for 2025 Franchised Sports Bars' table on page 2. The overall average gross revenue and median gross revenue are taken from the 'All Sports Bars' row. Revenue for the top quartile is the Average AUV of the '1st Quartile', and revenue for the bottom quartile is the Average AUV of the '4th Quartile'. Note (3) on page 3 explicitly states that the financial performance representations do not reflect costs of sales, operating expenses, or other costs, therefore profit-related fields are set to null.
Extracted Item 19 Section
How BUFFALO WILD WINGS Compares
Key Insights
- Higher investment than 82% of Casual Dining franchises
- #2 largest franchise system in Casual Dining
- One of the lowest SBA loan default rates in Casual Dining
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
BUFFALO WILD WINGS Current | $2.5M – $4.9M | $25K | 5.0% | 549 |
| IHOP & INTERNATIONAL HOUSE OF PANCAKES | $1.8M – $4.5M | $69K | N/A | 1,703 |
| GOLDEN CORRAL STEAKS, BUFFET & BAKERY | $2.1M – $8.5M | $50K | 4.0% | 352 |
| GOLDEN CORRAL | $2.2M – $8.7M | $50K | 4.0% | 348 |
| ORIGINAL PANCAKE HOUSE (THE) | $483K – $1.7M | $60K | 2.0% | 146 |
| Outback Steakhouse | $4.3M – $9.0M | $40K | 5.0% | 122 |
Casual Dining Average 44 franchises | $1.5M – $3.5M | $43K | 4.6% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 44 Casual Dining franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2025)
Outlets by state across the United States
+23 more states
SBA Loan History
Historical SBA 7(a) loan data for BUFFALO WILD WINGS franchisees (2010 – 2025)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
558 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
558 Contacts Available
Unlock all BUFFALO WILD WINGS franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a BUFFALO WILD WINGS franchise ranges from $2,463,945 to $4,900,320. This includes a franchise fee of $25,000. Ongoing royalty fees are 5.0% of gross sales.
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