WALK ON'S SPORTS BISTREAUX

Item 7 in the 2025 FDD pegs initial investment at a steep $1,554,500 to $7,016,300, reflecting buildouts for 5,000-7,000 sq ft spaces seating 240-300. The $60,000 franchise fee kicks off commitments like 5% royalty, 3% brand/ad fund, and up to $500/month tech fee. Item 19 shines here: average gross revenue clocks $4,441,549, median $4,486,284 across mature units—impressive for casual dining, suggesting strong AUVs if you nail high-traffic sports fan zones. Yet profitability hinges on controlling food costs in a menu heavy on fresh seafood and Southern specials.

System health raises flags: from 74 locations in 2023 to 73 in 2024 (-1% contraction), with just 5 corporate-owned and 8 projected new units despite area development options. Four transfers signal some owner movement, but no rampant closures. For investors, this trajectory means cautious optimism—robust revenues offset modest growth in a saturated sports bar market versus giants like Buffalo Wild Wings. High entry barriers demand deep pockets and operational grit, but top performers could yield solid returns in family-friendly, game-day hotspots.