FDD ITEM 20 · FISCAL 2023–2025
WINGS ETC. Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2025), WINGS ETC. reported 56 franchised outlets at year end. 1 of 54 franchised outlets open at the start of the year left the system — an annualized exit rate of 1.9%— while 3 new outlets opened. Systemwide units moved +2.5% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 80 | 80 | 80 |
| Opened | 4 | 1 | 3 |
| Transfers | 0 | 1 | 0 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 5 | 1 | 1 |
| Outlets at end | 80 | 80 | 82 |
| Net change | 0 | 0 | +2 |
0 terminations + 0 non-renewals + 1 ceased (other) = 1 exits ÷ 54 at start = 1.9%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (0) are resales, not exits; reacquisitions by the franchisor (0) are tracked separately. There is no official “failure rate” — this annualized exit rate is the disclosed, measurable floor.
| State | Franchised | Company-owned |
|---|---|---|
| IN | 23 | 25 |
| MI | 7 | — |
| IL | 5 | — |
| OH | 5 | — |
| MO | 4 | — |
| KY | 3 | — |
| TX | 2 | — |
| WV | 2 | — |
| KS | 1 | — |
| NC | 1 | — |
| SC | 1 | 1 |
| TN | 1 | — |
| VA | 1 | — |
| AL | 0 | — |
| FL | 0 | — |
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