Walk-On's
The total investment to open a Walk-On's franchise ranges from $1.6M to $7.1M. The initial franchise fee is $60,000. Ongoing royalties are 5% plus a 3% advertising fee.
What is the Walk-On's franchise?
Walk Ons is a restaurant where customers dine in and order meals. The estimated total initial investment is $1,555,000 to $7,056,000, and the initial franchise fee is $60,000.
The royalty is 5 percent of sales, and the advertising or brand fund fee is 3 percent. The franchise agreement term is 10 years. The brand was founded in 2003 and is headquartered in Atlanta, GA.
Loan Activity Score
59/100
SBA Default Rate
4.3%
Active Lenders
14
According to its Franchise Disclosure Document or public business records, Walk-On's has 21 locations, all owned by franchisees. Public SBA loan records show 14 lenders made 23 loans to franchisees of Walk-On's. PeerSense calculates Walk-On's's score as 59 out of 100, using public SBA loan performance and recent lending activity.
Franchising since 2003 · 21 locations
$1.6M to $7.1M
$60,000
21
21 franchised
Proprietary PeerSense metric
ModerateDistinct lenders in public SBA records for Walk-On's
23
Total SBA loans
$2.2M
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for Walk-On's
Loan Activity Score Breakdown
Growing (10 to 24 loans)
Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.
Blended default rate (recent + all time) compared to NAICS sector peers.
Quality lenders actively backing this brand, with penalty for lender pullback.
FDD availability, Item 19 disclosure, and overall data completeness.
Geographic spread of SBA funded locations across states.
SBA Lending Performance
SBA Default Rate
4.3%
vs 10.3% peer avg
SBA Loans
23
Total Volume
$49.8M
Active Lenders
14
1 selective
States
9
vs. SBA Sector Average
SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for Walk-On's based on SBA lending data
SBA Default Rate
4.3%
6.0% below peer avg
SBA Loan Volume
23 loans
Across 14 lenders
Lender Diversity
14 lenders
Avg 1.6 loans per lender
Investment Tier
Premium investment
$1,555,000 to $7,056,000 total
Payment Estimator
Estimated Monthly Payment
$16,097
Principal & Interest only
Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.
Locations
Walk-On's, unit breakdown
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Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
Last reviewed LinkedIn profileAbout Edward Freeman