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Wings Etc. franchise financing options
Compare costs, fees and where to get financing for a Wings Etc..
Estimated initial costs
Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Wings Etc. franchise may result in higher or lower fees.
Franchise feesWings Etc. franchise fees total around $39,500, which is more than the $37,000 average for the 200 largest franchises.
|Initial franchise fee||$39,500 to $39,500|
|Royalty||5% of gross sales.|
|Estimated total||$39,500 to $39,500|
Equipment feesEquipment fees total $199,180 for Wings Etc.. This costs more than the $180,023 average for the top 200 franchises.
|Furniture, fixtures and equipment||$142,900 to $222,800|
|Signage||$12,000 to $17,159|
|Office equipment and supplies||$1,000 to $2,500|
|Estimated total||$155,900 to $242,459|
Training feesWings Etc. initial training costs total $26,000 — more than the nationwide average of $9,788.
|Training||$12,000 to $40,000|
|Estimated total||$12,000 to $40,000|
Inventory costsInitial inventory for Wings Etc. shakes out to $22,000. This is less than the nationwide average of $53,119.
|Initial inventory||$19,000 to $25,000|
|Estimated total||$19,000 to $25,000|
Licenses and permits costsWings Etc. initial licenses and permits will set you back $49,150. This comes out to more than $18,770 — the overall nationwide average.
|Licenses and permits||Cost|
|Liquor license||$1,000 to $95,000|
|Business license and permits||$300 to $2,000|
|Estimated total||$1,300 to $97,000|
Other expensesMiscellaneous expenses for Wings Etc. total $55,500 — less than the nationwide average of $69,970.
|Professional fees||$1,000 to $5,000|
|Three months' additional funds||$45,000 to $60,000|
|Estimated total||$46,000 to $65,000|
How to financeSince the estimated total for Wings Etc. is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Wings Etc. franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Wings Etc. about in-house financing for franchisees.
- If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $391,330 estimated opening costs.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- Apply for financing online or in person as required by the lender.
What types of financing is available?You have several options when it comes to financing a Wings Etc. — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
- Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
- Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Wings Etc. opening costs.
- SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Compare small business lendersYou may not need financing to cover the estimated $273,700. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How Wings Etc. stacks upCompare how Wings Etc. holds up against two similarly sized franchises.
|Handyman Connection||Wings Etc.||Another Broken Egg Cafe|
|Average Franchise fees||$60,000||$39,500||$50,000|
|Average Equipment fees||$10,225||$199,180||$18,000|
|Average Real estate fees||NA||NA||$492,500|
|Average Training fees||NA||$26,000||NA|
|Average Inventory fees||NA||$22,000||$13,750|
|Average Marketing fees||NA||NA||$10,000|
|Average Licenses and permits fees||$3,358||$49,150||NA|
|Average Insurance fees||$4,095||NA||$14,000|
|Average Admin fees||NA||NA||$7,000|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||NA||$55,500||$37,500|
Bottom lineWings Etc. franchise costs run a total of $391,330. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.
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