WING-STOP
Wingstop is a quick-service restaurant franchise that operates under the WING-STOP® brand, specializing in cooked-to-order, hand-sauced chicken wings, boneless wings, tenders, chicken sandwiches, seasoned fries, and beverages in various flavors. Franchisees follow a standardized business system with proprietary recipes, products, decor, and operating procedures, typically in 1,200-2,000 sq ft leased spaces in shopping centers emphasizing digital orders, takeout, and limited dine-in. The franchise targets customers of all ages and economic levels with no significant seasonal fluctuations.
Franchise Costs
6% royalty + 5.5% ad fund + up to $50/mo website fee + up to $50/mo intranet fee
Financial Performance
Item 19 Financial Performance
Data Based On: 1,759 franchised Wingstop Restaurants open for operation during the entire 2024 Measured Period
Extracted Item 19 Section
How WING-STOP Compares
Key Insights
- Top 10 largest franchise system in Fast Food
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
WING-STOP Current | $298K – $1.0M | $25K | 6.0% | 2,154 |
| MCDONALD'S | $1.5M – $2.6M | $45K | N/A | 12,772 |
| AFC | $45K – $151K | $6K | 9.5% | 3,572 |
| SONIC DRIVE-IN | $1.7M – $3.1M | $15K | 5.0% | 3,441 |
| JIMMY JOHN'S | $366K – $728K | $35K | 6.0% | 2,647 |
| ARBY'S | $645K – $2.5M | $38K | 4.0% | 2,316 |
Fast Food Average 126 franchises | $594K – $1.5M | $35K | 6.1% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 126 Fast Food 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
+31 more states
SBA Loan History
Historical SBA 7(a) loan data for WING-STOP 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
2,155 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 |
2,155 Contacts Available
Unlock all WING-STOP franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Primarily termination disputes, territorial exclusivity reduction, breach of development obligations, and outstanding payment claims against an international franchisee.
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 WING-STOP franchise ranges from $298,200 to $1,013,500. This includes a franchise fee of $25,000. Ongoing royalty fees are 6.0% of gross sales.
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