FINANCIAL PERFORMANCE REPRESENTATIONS

The FTC’s Franchise Rule permits a franchisor to provide information about the actual or potential financial performance of its franchised and/or franchisor-owned outlets, if there is a reasonable basis for the information, and if the information is included in the disclosure document. Financial performance information that differs from that included in Item 19 may be given only if: (1) a franchisor provides the actual records of an existing outlet you are considering buying; or (2) a franchisor supplements the information provided in this Item 19, for example, by providing information about the possible performance at a particular location or under particular circumstances.

There were 59 Wings and Rings locations in operation at the end 2019, 62 Wings and Rings locations in operation at the end of 2020, and 64 Wings and Rings locations in operation at the end of 2021.  The tables in this Item 19 only include the financial information of Wings and Rings’ 16 endcap locations because, as described in Item 7 above, Wings and Rings is currently granting franchise opportunities to franchisees who agree to locate their Franchised Restaurant at an endcap location, with limited exceptions. Tables 1(a)-3(c) below contain the gross sales results from all Wings and Rings franchisee-operated and company-owned restaurants at endcap locations that were open for at least one year in the years of 2019, 2020, and 2021. Tables 1(a) and 1(c) contain the gross sales results of Wings and Rings’ company-owned endcap restaurants; Tables 2(a) and 2(c) contain the gross sales results of Wings and Rings’ franchisee-operated endcap restaurants; and Tables 3(a) and 3(c) contain the combined gross sales results of both the company-owned endcap restaurants and the franchisee-operated endcap restaurants. The financial data provided in Tables 1(a)-3(c) was obtained from our Point of Sale (POS) Reporting System.  Substantiation of the data used in preparing this information will be made available to you in writing upon reasonable request.

As used in these Tables “gross sales” refers to an endcap location’s total revenue derived from the sale of goods or services less sales tax, discounts, allowances, and returns.

Table 1(a)

Table 1(b)

Table 1(c)

Table 2(a)

Table 2(b)

Table 2(c)

Table 3(a)

Table 3(b)

Table 3(c)

Some outlets have sold this amount. Your individual results may differ. There is no assurance that you will sell as much.

The numbers in Table 4 below represent the average weekly sales of all Wings and Rings franchisee-operated and company-owned restaurants at endcap locations. The average weekly sales figures were calculated by averaging all “restaurant weeks” during a particular year, with a “restaurant week” being the gross sales figures for a restaurant during that week. For instance, restaurants which were only opened during a portion of a given year only contribute “restaurant weeks” for the weeks they were actually open. The financial information provided below was obtained from our POS Reporting System and sales statements that were reported to us by the endcap restaurants.  Substantiation of the data used in preparing this information will be made available to you in writing upon reasonable request.

Table 4

Some outlets have sold this amount. Your individual results may differ. There is no assurance that you will sell as much.

The numbers in Tables 5(a) – 5(c) below include the average gross sales and expenses of Wings and Rings franchisee-operated and company-owned restaurants at endcap locations that were open the for at least a year in 2021, 2020, and 2019. The financial information provided below was obtained from sales statements that were reported to us by the endcap restaurants.  Substantiation of the data used in preparing this information will be made available to you in writing upon reasonable request.

Table 5(a)

Table 5(b)

Table 5(c)

* The numbers in Tables 5(a) and 5(c) were created using the information Wings and Rings received from the endcap locations that accurately reported all of the necessary information.

Some outlets have sold this amount. Your individual results may differ. There is no assurance that you will sell as much.

The numbers in Tables 6(a) and 6(c) below include the average percentage of bar sales, check amounts, and number of monthly checks of Wings and Rings franchisee-operated and company-owned restaurants at endcap locations that were open the entire year of 2021, 2020, and 2019. The financial information provided below was obtained from our POS Reporting System.  Substantiation of the data used in preparing this information will be made available to you in writing upon reasonable request.

Table 6(a)

Table 6(b)

Table 6(c)

Some outlets have sold this amount. Your individual results may differ. There is no assurance that you will sell as much.

Other than the preceding financial performance representation, we do not make any financial performance representations. We also do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing outlet, however, we may provide you with the actual records of that outlet. If you receive any other Wings and Rings’ financial performance information or projections, you should report it to the franchisor’s management by contacting our Director of Franchising and Real Estate, Dan Doulen, telephone (513) 831-9464, the Federal Trade Commission, and the appropriate state regulatory agencies.