Island Wing Company franchise
2024 filing · June 28, 2024Growing
Island Wing Company at a glance
A full-service restaurant and bar known for baked chicken wings, plus tenders, burgers and seafood. At the end of 2023 there were 10 Island Wing Company locations in the US, 8 franchised and 2 company-owned.
The business
- Franchisor
- Island Wing Franchise Company LLC
- The company that sells the franchises
- Franchisor based in
- Destin, Florida
- Typical size
- 4,000–8,000 sq ft
What you pay
- Cost to open
- $967K–$4.72M
- Fee, build-out and opening working capital
- Franchise fee
- $45,000
- Paid once, when you sign
- Royalty
- 6%
- 6% of gross revenues, paid weekly, with 1.5% recommended for local advertising
- Brand fund
- 1.5%
- 1.5% of gross revenue, paid weekly
- Renewal fee
- $20,000
- When the agreement ends and you sign again
- Territory
- Limited
- Limited protection
- Franchisor financing
- None offered
Where it is
- US locations, 2023
- 10
- Franchised and company-owned
- Franchised
- 8
- Company-owned
- 2
- Change in 3 years
- +2
- Franchised locations, 2021–2023
- States
- 3
- Most in Florida, Alabama and Virginia
Support and records
From Island Wing Franchise Company LLC’s 2024 filing; revenue and net income from its audited financial statements, page 157; SBA status from the SBA Franchise Directory, October 28, 2026.
Franchisor revenue is the company that sells the franchises (royalties, fees and anything else it earns), not what a location makes.
Where it ranks
Island Wing Company among all franchises with the same figure.
| Figure | Island Wing Company | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $2,843,250 | Costs more than 95% of franchises |
| Franchise feePaid once, when you sign | $45,000 | Higher than 55% of franchises |
| RoyaltyShare of sales paid to the franchisor | 6% | Higher than 35% of brands with a set rate |
| US locationsFranchised and company-owned | 10 | Fewer than 61% of franchises |
How much a Island Wing Company franchise costs
Opening one Island Wing Company costs an estimated $966,500 to $4,720,000. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: Island Wing Franchise Company LLC, 2024 filing, page 21
Island Wing Company franchise fee
The franchise fee is $45,000. You pay it when you sign the franchise agreement.
Source: Island Wing Franchise Company LLC, 2024 filing, page 13
Royalty and ongoing fees
| Royalty | 6% of gross revenues, paid weekly, with 1.5% recommended for local advertising. |
|---|---|
| Brand or marketing fund | 1.5% of gross revenue, paid weekly. |
| POS Fee | $400 to $800 |
| Transfer Fee | 50% of the then current Initial Franchise Fee |
| Renewal Fee | $20,000 |
| Local Advertising | 1.5% of Gross Revenues |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Island Wing Franchise Company LLC, 2024 filing, page 14
Other fees as filed, from pages 14–17. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures Island Wing Company does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: Island Wing Franchise Company LLC, 2024 filing, page 53
- Estimate Estimated yearly sales per location
- $2M–$3.5M
Estimated from the sales that 292 comparable franchises file, matched on industry, format, cost to open, fees and size.
SBA loans to Island Wing Company franchisees
Lenders approved one SBA 7(a) loan for a Island Wing Company franchisee in 2018, for $1M. It was paid in full.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
Growth and closures
Share of franchised locations, 2023 / 2021–2023. Typical means the median: half of brands are above it, half below.
| Measure | Island Wing Company | Typical chicken brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | 0% / +33% | +3.7% / +27% | +1.2% / +10% |
| ClosuresTerminated, not renewed or stopped operating | 0% / 0% | 2.4% / 12% | 3.9% / 16% |
| Bought backLocations the franchisor took back | 0% / 17% | 0% / 0% | 0% / 0% |
Typical chicken brand is the median of the 34 brands in chicken franchises with three years of counts.
How Island Wing Company compares
Of the 113 chicken franchises on this site, Island Wing Company is the 93rd cheapest to open and the 55th largest by number of locations.
| Figure | Island Wing Company | Typical chicken brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $967K | $407K | $222K |
| Cost to open, high end | $4.72M | $868K | $477K |
| Franchise fee | $45K | $35K | $40K |
| Royalty | 6% | 5% | 6% |
| Brand fund | 1.5% | 2% | 2% |
| US locations | 10 | 10 | 21 |
| Shares earnings figures | No | 61 of 113 | 2,147 of 3,352 |
Typical is the median across the 113 brands in chicken franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2021 | 8 (+2) | 1 | +2 | 0 |
| 2022 | 8 (0) | 2 | +1 | −1 |
| 2023 | 8 (0) | 2 | 0 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: chicken franchise costs and franchise failure rates.
Source: Island Wing Franchise Company LLC, 2024 filing, page 54
Where Island Wing Company locations are
At the end of 2023, Island Wing Company had locations in 3 states. The most are in Florida, Alabama and Virginia.
- Florida7
- Alabama2
- Virginia1
Source: Island Wing Franchise Company LLC, 2024 filing, page 55
Who owns Island Wing Company?
Island Wing Company franchises are sold by Island Wing Franchise Company LLC. It is a subsidiary of Bold Restaurant Brands LLC.
From Island Wing Franchise Company LLC’s 2024 filing, page 9.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Island Wing Franchise Company LLC, 2024 filing, litigation on page 13, bankruptcy on page 13
Island Wing Company filings
The figures on this page come from Island Wing Franchise Company LLC’s 2024 filing, issued June 28, 2024, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | June 28, 2024 | NASAA depository | Costs, fees and locations, 2021–2023 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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