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Wild Birds Unlimited

Wild Birds Unlimited

The total investment to open a Wild Birds Unlimited franchise ranges from $25,500 to $240,040. The initial franchise fee is $37,700. Ongoing royalties are 4% plus a 2% advertising fee.

What is the Wild Birds Unlimited franchise?

Wild Birds Unlimited was founded on January 28, 1981, by Jim Carpenter in Indianapolis, Indiana. Carpenter holds a B.A. in Biology from Indiana University and a Master's Degree in Horticulture/Plant Physiology from Purdue University. He remains the sole owner, Founder, President, and CEO of Wild Birds Unlimited Inc., headquartered in Carmel, Indiana. The company began franchising in 1983 and has grown to over 350 locations across North America. Reported figures include 361 franchise units, 340 units in 2024, 345+ locations as of February 2021, 348 total units, and over 360 locations. The 340 units in 2024 were all franchised owned. Wild Birds Unlimited operates in the United States and Canada. U.S. locations include Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Washington D.C., Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, and West Virginia. Canadian locations include Alberta, British Columbia, Manitoba, Ontario, and Saskatchewan.

Wild Birds Unlimited operates in a recession resistant market centered on backyard bird feeding and nature related products. The Wild Birds Products Market is projected to grow at a Compound Annual Growth Rate of 3.84% from 2025 to 2035. More than 81 million people feed birds and other wildlife, spending over $5 billion each year on birdseed and wildlife food. Demand is supported by interest in birdwatching, environmental awareness, sustainable and eco friendly products, and the increase in home based leisure that began during 2020. The category is also seeing demand for smart bird feeding products using IoT technology and subscription services for bird food and accessories. North America is the largest market for wild bird products. Wild Birds Unlimited serves a loyal customer base and provides large, protective territories intended to limit direct competition between its stores. Urbanization, ecological awareness, and interest in natural experiences support the category.

The initial franchise fee is $40,000. A reservation agreement requires $10,000 upfront, with the remaining $30,000 due when the franchise agreement is signed. The $10,000 reservation payment is non refundable. Eligible veterans receive a 20% discount on the license fee. Reported total startup investment ranges from $224,373 to $379,957, with other estimates of $226,601 to $378,977, $224,000 to $379,000, $224,273 to $379,309, and $185,179 to $311,043. Costs include $5,000 for initial training, $500 to $6,000 for training travel, meals, and lodging, a $3,000 to $7,500 lease deposit, and first month rent of $3,000 to $7,500. Leasehold improvements cost $30,000 to $110,000. Insurance ranges from $1,500 to $5,000, while legal and accounting services range from $750 to $8,150. Office equipment costs $11,000 to $14,000, signs cost $3,000 to $10,000, and opening advertising costs $7,197 to $11,017. Retail fixtures cost $24,000 to $37,000, opening inventory costs $36,000 to $45,000, and initial technology setup costs $1,899. Miscellaneous expenses range from $5,293 to $10,515. The recommended amount for the first three months of operations is $52,000 to $62,000. Applicants must show $40,000 to $50,000 in liquid capital and a net worth of at least $400,000. The royalty is 4% of gross sales. The Regional/Local Advertising Cooperative or Local Advertising Group may require up to 2%, resulting in a reported overall advertising fee range of 2% to 5%. The technology fee is $350 per month and includes a $115 monthly license fee for the proprietary MyWBU program. The annual conference fee is $400. Daily Savings Club® costs can range from $0 to $100 per month.

The main operating format is a retail store focused on backyard bird feeding and nature related products. Franchisees advise customers on attracting and caring for local bird species, manage inventory, and build relationships with local wildlife enthusiasts. The model is generally suited to an owner operator supported by employees who provide product knowledge and customer service. New owners receive 45 hours of on the job training and 74 hours of classroom instruction covering product knowledge and the brand's go to market strategy. More than 50 professionals support franchisees from the Franchise Support Center in Carmel, Indiana. Support areas include Franchise Development, Site Selection & Lease Negotiation, Purchasing, Marketing, Inventory Management, Visual Merchandising, Retail Operations, Communication and Training, and Information Systems. Franchisees also receive access to marketing and technical staff and business coaches. Wild Birds Unlimited emphasizes continuing education, communication with store owners, and large, protective territories. Specific multi unit requirements are not provided, though the support structure may assist successful owner operators who want to expand.

The median for those 312 stores was $770,351. Another reported 2022 median for operating units was approximately $378,000. Some estimates reach 16%, or approximately $100,000 annually, for a store with turnover of $619,000 per year. The reported failure rate is 1% to 4%. Results vary with location, management, site selection, and local demand.

Wild Birds Unlimited has expanded steadily since it began franchising in 1983. The system now includes over 350 North American locations, with reported figures of 361 franchise units, 340 units in 2024, 345+ locations as of February 2021, 348 total units, and over 360 locations in the United States and Canada. The 340 units operating in 2024 were franchised owned, with no company owned stores. The brand emphasizes support, training, and communication rather than rapid expansion. Specific acquisitions and rebrands are not detailed. Its competitive position rests on brand recognition in backyard bird feeding and nature related products, advice on attracting and caring for local bird species, a broad product range, protective territories, and a support system for franchisees. The market's recession resistant characteristics and consumer interest in nature also support the concept. Wild Birds Unlimited is responding to demand for sustainable and eco friendly products, IoT enabled bird feeding solutions, and subscription services for bird food and accessories.

The preferred franchisee profile includes a genuine interest in nature, community involvement, and the ability to participate in daily store operations. Jim Carpenter's combination of retail experience and interest in backyard bird feeding provides a useful example, though specific prior retail or management experience is not required in the available information. The training program of 45 hours on the job and 74 hours in the classroom is intended to teach product knowledge and the go to market strategy. Franchisees are generally expected to be owner operators who interact with customers and build a local community for nature enthusiasts. Multi unit ownership is not listed as a requirement, though the Franchise Support Center in Carmel, Indiana, may support expansion by successful single unit owners. Opportunities are available across the United States and Canada, including U.S. states from Alabama to Wyoming and Canadian provinces such as Alberta and Ontario. Strong markets may have community ties, interest in local wildlife, and suburban or exurban demographics where backyard bird feeding is popular. The timeline from signing a franchise agreement to opening a store is not provided. The onboarding process includes a $10,000 non refundable reservation fee.

Wild Birds Unlimited serves a growing backyard bird feeding and nature related products market with a projected Compound Annual Growth Rate of 3.84% from 2025 to 2035 and more than $5 billion in annual wildlife feeding supply spending. The company has more than 50 support professionals at its Carmel, Indiana headquarters and provides training and protective territories. Investment ranges from $224,373 to $379,957, the franchise fee is $40,000, and liquid capital requirements are $40,000 to $50,000. The brand has a Loan Activity Score of 68. PeerSense provides due diligence data that includes SBA lending history, the Loan Activity Score, location maps with Google ratings, FDD financial data, and comparison tools.

Loan Activity Score

68/100

SBA Default Rate

2.5%

Active Lenders

74

According to its Franchise Disclosure Document or public business records, Wild Birds Unlimited has 137 locations, all owned by franchisees. Public SBA loan records show 74 lenders made 161 loans to franchisees of Wild Birds Unlimited. PeerSense calculates Wild Birds Unlimited's score as 68 out of 100, using public SBA loan performance and recent lending activity. Cost figures are based on the 2025 Franchise Disclosure Document.

Franchising since 1981 · 137 locations

Investment

$25,500 to $240,040

Franchise Fee

$37,700

Total Units

137

137 franchised

Loan Activity Score
Very high
68
SBA Lending
25
Lender Quality
13
Transparency
10
Reach
10
Momentum
10

Proprietary PeerSense metric

Strong
Capital Sources
74SBA lenders

Distinct lenders in public SBA records for Wild Birds Unlimited

161

Total SBA loans

$217K

Average loan size

Source: public SBA 7(a) and 504 loan records through December 31, 2025

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SBA Lending Activity for Wild Birds Unlimited

Loan Activity Score Breakdown

Major Brand (100+ loans)

Very High Confidence
68out of 100
Strong
Market Momentum10/35

Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.

Loan Safety25/25

Blended default rate (recent + all time) compared to NAICS sector peers.

Lender Confidence13/15

Quality lenders actively backing this brand, with penalty for lender pullback.

Transparency10/15

FDD availability, Item 19 disclosure, and overall data completeness.

Footprint10/10

Geographic spread of SBA funded locations across states.

SBA Lending Performance

SBA Default Rate

2.5%

vs 10.8% peer avg

SBA Loans

161

Total Volume

$35.0M

Active Lenders

74

10 selective

States

38

vs. SBA Sector Average

+8.3%lower default rate

SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors

Key Highlights

Low SBA default rate (2.5%)
Item 19 financial data disclosed
137 locations nationwide

Data Insights

Key performance metrics for Wild Birds Unlimited based on SBA lending data

SBA Default Rate

2.5%

8.3% below peer avg

SBA Loan Volume

161 loans

Across 74 lenders

Lender Diversity

74 lenders

Avg 2.2 loans per lender

Investment Tier

Mid range investment

$25,500 to $240,040 total

Wild Birds Unlimited: Deep SBA Data

Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.

Peak SBA Year

2023

13 approvals. The best year on record for Wild Birds Unlimited.

Top SBA State

Texas

18 SBA financed Wild Birds Unlimited locations, the densest operator footprint.

Average Loan Size

$217K

Median $126K. Use as a sizing anchor when modeling your own Wild Birds Unlimited unit.

Lender Concentration

23.6%

Moderately Spread

Share of Wild Birds Unlimited approvals captured by the top 3 SBA lenders.

Wild Birds Unlimited's SBA lending pipeline peaked in 2023 (13 approvals). The last five fiscal years account for 29% of cumulative volume ($19M approved). Operator density is highest in Texas with 18 SBA financed locations. Average funded ticket sits at $217K, with the median at $126K. Lender mix is moderately spread: the top three SBA lenders account for 23.6% of approvals. Borrowers have leverage to shop multiple credit boxes.

Payment Estimator

Loan Amount$20K
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$264

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

Wild Birds Unlimited, unit breakdown

Total Units
N/A
Franchisee Owned
n/a
System Owned
n/a
Closed
n/a

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Wild Birds Unlimited

Page Review

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