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WILD BIRDS UNLIMITED

WILD BIRDS UNLIMITED

Wild Birds Unlimited franchises retail stores that sell bird feeders, bird seed, and nature-related gifts, providing customers with advice, top-quality products, and a pleasant shopping experience to enhance their enjoyment of wild birds and nature. The business model involves operating under the WILD BIRDS UNLIMITED system with standardized products, layout, and decor, targeting backyard bird feeding hobbyists, bird watchers, and purchasers of nature-themed gifts. Stores typically range from 1,200 to 1,700 square feet and compete in a mature market with garden stores and similar retailers.

340locations
$227K–$379K
Since 1983
RetailCarmel, INwww.wbu.comDisclaimer

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Franchise Costs

Franchise Fee
$40,000
Initial Investment
$226,601 – $378,977
Royalty Rate
4.00%
Brand Fund
1.00%
Fixed Monthly Fees
$350 – $350

4% royalty + 1% ad fund + $350/mo technology fee

Financial Performance


Item 19 Financial Performance

Data Based On: Data based on 320 franchised stores operating for at least 2 full consecutive years leading up to December 31st, 2024, included in the Same Store Sales Percent Change schedule.

* The provided pages (Item 19, Schedule 1) contain only 'Same Store Sales Percent Change' data, not absolute dollar figures for gross revenue, net income, net profit, or EBITDA. Therefore, these specific financial metrics cannot be extracted or calculated from the given information.

Extracted Item 19 Section

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WILD BIRDS UNLIMITED Franchise Analysis

Birdwatching enthusiasts have turned Wild Birds Unlimited into a niche powerhouse since 1983, with stores blending feeders, seeds, and gifts in a welcoming nature vibe. Item 19 earnings disclosure and SBA loan history paint a picture of financial resilience in this mature specialty retail space. Yet flat location counts spark a key question: does this steady performer offer the growth you seek, or is stability the real win?

Item 7 details the initial investment from $226,601 to $378,977 for 1,200-1,700 sq ft stores, with a $40,000 franchise fee covering training and grand opening support. Ongoing costs include a 4% royalty on gross sales, 1% brand/ad fund, and a $350 monthly technology fee—competitive for retail but adding up in a low-margin bird product market. Item 19 discloses revenue figures, revealing median gross sales that support viability for operators hitting the hobbyist sweet spot, though profits hinge on local foot traffic from birdwatchers and gift buyers.

System health shows 340 locations (flat from 2023-2024), 6 terminations, 15 transfers, and 12 projected new units, signaling maturity over expansion in a competitive field with garden centers. SBA stats shine: 91 loans averaging $296,121 with just 1.1% default rate, far below category norms and indicating franchisees repay reliably. For investors, this low-risk profile suits patient operators in suburban areas, but zero growth flags caution—high transfers suggest active resale market for exits.

Analysis based on the 2025 Franchise Disclosure Document. All figures should be independently verified before making investment decisions.

How WILD BIRDS UNLIMITED Compares

Key Insights

  • Top 10 largest franchise system in Specialty Retail
FranchiseInvestmentFeeRoyaltyLocations
WILD BIRDS UNLIMITED
Current
$227K – $379K$40K4.0%340
MERLE NORMAN COSMETICS$48K – $260KN/AN/A797
CORNWELL$80K – $324KN/AN/A793
BATTERIES PLUS$285K – $537K$50K5.0%601
PET SUPPLIES PLUS$537K – $2.0M$50K3.0%502
MUSIC-GO-ROUND$346K – $460K$25K5.0%309
Specialty Retail Average
47 franchises
$284K – $703K$39K5.0%

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 47 Specialty Retail franchises by location count.

Locations & Growth


Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2024)

Outlets by state across the United States

Top States
1TX
29
2NC
23
3OH
18
4CA
16
5SC
15
6WA
15
7PA
15
8GA
15
9MI
14
10VA
14
11FL
12
12NY
12
13IL
12
14TN
10
15IN
10

+29 more states

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SBA Loan History


Historical SBA 7(a) loan data for WILD BIRDS UNLIMITED franchisees (20102025)

Total Loans
91
Average Loan
$296,121
Total Volume
$26.9M
Default Rate
1.1%

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.

91 SBA loans on record

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Franchisee Contacts

426 franchisee contacts on file from official FDD filings.

426 Contacts Available

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Due Diligence


Litigation (Item 3)

Franchisee Cases0
No litigation involving franchisees reported

Bankruptcy (Item 4)

Bankruptcy HistoryNo
No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
6
Non-Renewals
0
Reacquired
1
Ceased Ops
0
Transfers
15
Sold to Franchisees
0
Projected New
12

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Frequently Asked Questions

The total initial investment to open a WILD BIRDS UNLIMITED franchise ranges from $226,601 to $378,977. This includes a franchise fee of $40,000. Ongoing royalty fees are 4.0% of gross sales.