WENDY'S OLD FASHIONED HAMBURGERS

Item 7 lays out a hefty initial investment of $1,523,957 to $2,992,000, including a $50,000 franchise fee, driven by prime real estate and build-out for freestanding units. Ongoing fees hit 4% royalty (up to 6% in some cases), 3.5% national ad fund, plus 0.5% local ads and fixed costs like $550-$1,670 monthly tech fees—aligning with QSR norms but stacking up quickly on high-volume ops. Item 19 shines with average gross sales of $2,108,454 and median $1,984,382 across 7 franchised units, suggesting strong top-line performance if you nail execution in high-traffic spots, though profitability hinges on labor and food costs not detailed here.

System health shows contraction from 5,627 to 5,552 locations (-1% year-over-year), signaling saturation or post-pandemic adjustments rather than explosive growth. With 54 SBA loans averaging $1,298,548, default rates appear manageable for a brand this size, but the slight dip warrants caution amid rivals expanding aggressively. For deep-pocketed operators eyeing $2M+ revenue upside in a proven QSR model, Wendy's delivers data-backed stability—just verify local demographics crush competition from McDonald's or Burger King.