- 2023 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$1.5M - $2M
- Units as of 2023
87 7.4% over 3 years
Wings and Rings, formerly Buffalo Wings and Rings, was founded in 1984, and is a sports-inspired restaurant. With more than 80 locations, they have grown their name among the sports restaurant experience, attracting hundreds of people at each location in the U.S. and internationally. Wings and Rings is dedicated to providing flavorful food day or night.
As you run your franchise, you may interact with food-loving sports enthusiasts. The perfect candidate for a Wings and Rings franchisee most likely has a knowledge of the local market, multi-unit restaurant experience, and a passion for getting involved in their local community.
Why You May Want to Start a Wings and Rings Franchise
Wings and Rings have carved a niche for themselves in the market, bringing delicious food to sports fans. They offer a wide variety of beverages, starters, and meals, including their famous buffalo wings, onion rings, and so much more. With their carefully thought-out and diverse menu, they may attract various clientele.
The brand also offers VIP service in a club-level sports restaurant and bar environment. The friendly staff creates a lively atmosphere for families and friends to get together, enjoy a game, and taste delicious food. If you love the idea of offering delicious food in a fun environment, then a Wings and Rings franchise is probably a good option.
What Might Make a Wings and Rings Franchise a Good Choice?
Opening a Wings and Rings franchise may offer you the opportunity to build a business in the multi-billion-dollar food industry. Each franchise location reports their numbers at the end of each quarter. Oftentimes, their numbers may go up. As a potential Wings and Rings franchisee, you join a network of specialty restaurants committed to providing quality food. Wings and Rings is committed to helping each franchisee achieve growth in the food industry with their unending support, including a winning marketing strategy.
To be part of the Wings and Rings team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. You should also prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How To Open a Wings and Rings Franchise
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. Research the brand and your local area to see if a Wings and Rings franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
To start a Wings and Rings franchise, you will first need to submit an inquiry form.
After you have completed the official application, you may get the chance to meet the Wings and Rings team and they will answer any questions you may still have. Once you've signed on board, a Wings and Rings franchise representative will help you move forward with opening your new Wings and Rings business!
About Wings and Rings
|Franchising Since||1988 (35 years)|
|# of employees at HQ||35|
This company is offering new franchisees throughout the US.
This company is offering new franchisees worldwide.
|# of Units||87 (as of 2023)|
Information for Franchisees
Here's what you need to know if you're interested in opening a Wings and Rings franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
|$0 - $40,000|
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
|$1,482,700 - $1,999,700|
Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
Term of Agreement
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
|Is franchise term renewable?||Yes|
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
|Third Party Financing||Wings and Rings has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
|On-The-Job Training||173+ hours|
|Classroom Training||13 hours|
Meetings & Conventions
Security & Safety Procedures
Franchisee Intranet Platform
Additional details about running this franchise.
|Is absentee ownership allowed?||No|
Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
|# of employees required to run||40|
Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in ownership opportunities like Wings and Rings? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Wings and Rings landed on this year's Franchise 500 Ranking versus previous years.
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