About ARC Group

ARC Group, Inc. owns, operates, and franchises the Dick’s Wings brand of restaurants. The company’s Dick’s Wings franchise includes 19 restaurants owned and/or franchised located in the States of Florida, Georgia and Texas. The company owns the Fat Patty’s restaurant concept (Fat Patty’s), which consists of four restaurants located in West Virginia and Kentucky. Fat Patty’s offers various specialty burgers and sandwiches, wings, appetizers, salads, wraps, and steak and chicken dinners in a family, sports-oriented environment designed to appeal to a mix of families, students, professors, locals, and visitors. During 2019, the company was the franchisee of a Tilted Kilt restaurant in Gonzales, Louisiana, which it forfeited at the end of 2019. The company’s restaurants serve lunch and dinner and provide a full-service bar. They offer various specialty burgers and sandwiches, wings, appetizers, salads, wraps, and steak and chicken dinners in a family, sports-oriented environment designed to appeal to a mix of families, students, professors, locals, and visitors, as well as offering kids meal options for children. It offers dine-in, take-out and third-party delivery services at all its locations. Its restaurants offer a selection of domestic, imported and craft beers and wine, and the majority of its restaurants feature a full bar offering various liquor and spirits. The company also introduces new menu items. Dick’s Wings Franchise Restaurants: As of December 31, 2020, the company’s Dick’s Wings franchise included traditional restaurants, such as its Dick’s Wings & Grill restaurants, which are full- service restaurants, and non-traditional units, such as the Dick’s Wings concession stands at TIAA Bank Field and Veterans Memorial Arena in Jacksonville, Florida (the ‘Concession Stand’). The Concession Stand ceased its operations in January 2020. As of December 31, 2020, the company had 16 Dick’s Wings & Grill restaurants owned and operated by franchisees and three Dick’s Wings & Grill restaurants owned and operated by it. The Concession Stand at TIAA Bank Field and Veterans Memorial Arena operated by the company. The company had 16 Dick’s Wings & Grill Restaurants owned and operated by franchisees, with three Dick’s Wings & Grill restaurants owned and operated by it. The restaurants range in size from 3,500 to 5,500 square feet. Menus The company’s Dick’s Wings restaurants feature various menu items focused by its traditional and boneless Buffalo, New York- style chicken wings spun in its signature sauces and seasonings. Its sauces and seasonings range in heat intensity from mild to very hot and combined with such flavors as Bourbon, Cajun Ranch, Caribbean Jerk, Florida Girl, Garlic Parmesan, Georgia Girl, Gold Rush, Honey BBQ, Lemon Pepper, Mango Habanero, Ragin’ Cajun, Smokey Mountain Gold, and its signature flavor, the Victory Lane Wings. The company’s proprietary hot sauces include its Firestorm and its ultra-hot Dick’s Secret Sauce. These sauces and seasonings could be blended to create approximately 365 flavors. It also sells its proprietary Dick’s Secret Sauce and Firestorm sauces at its restaurants. The company’s sauces and seasonings complement its chicken wings and other menu offerings to create a flavor profile for its customers. Other menu items that it offers include chicken tenders, quesadillas, specialty burgers and sandwiches, salads, wraps, flatbreads, and desserts. Fat Patty’s Concept In 2018, the company acquired Fat Patty’s restaurant concept (Fat Patty’s). Its Fat Patty’s concept included four Fat Patty’s restaurants located in Ashland, Kentucky, and Hurricane, Huntington and Barboursville, West Virginia. The Huntington restaurant is located in the Marshall University in Huntington, West Virginia. The company’s Fat Patty’s restaurants are located in free standing units or end units in shopping centers, and range in size between 5,000 to 6,000 square feet of space. It focuses on elevating its Fat Patty’s food and beverage offerings. Menus The company’s Fat Patty’s restaurant menu ranges from burgers and sandwiches to salads and dinners. It offers sauces and seasonings on its burgers, chicken wings, chicken strips, various appetizers, salads, pizzas, sandwiches, wraps, sliders, fish & chips, and desserts. WingHouse Bar and Grill Concept The company owns WingHouse Bar & Grill. Its WingHouse concept includes twenty WingHouse Bar & Grill restaurants located throughout the State of Florida. The company’s WingHouse restaurants are located in free standing units or end units in shopping centers, and range in size between 5,000 to 8,000 square feet of space. Menus The company’s WingHouse restaurants feature various menu items focused by its traditional and boneless Buffalo style chicken wings spun in its signature sauces and seasonings. Its sauces and seasonings range in heat intensity from mild to hot and include such flavors as Teriyaki, Dallas BBQ, Garlic Parmesan, Mild, Medium, Jamaican Jerk, Korean BBQ, Honey Hot, Nashville Hot, Sweet Thai Chili, Mango Habanero, Hot, House on Fire, Exxxtreme, and four dry rubs, including Lemon Pepper, Sweet 7 Smokey, Ranch Chipotle, and Blackened Rub. The company also sells its proprietary WingHouse Sauces at its restaurants. Its sauces and seasonings complement its chicken wings and other menu offerings to create a flavor profile for its customers. Other menu items that it offers include its naked wings, chicken strips, appetizers, salads, pizzas, burgers, sandwiches, wraps, sliders, baby back ribs, fish & chips, and desserts. The company’s WingHouse restaurants serve lunch and dinner and provide a full-service bar. They offer various specialty burgers and sandwiches, wings, appetizers, salads, wraps, and steak and chicken dinners in a family, sports-oriented environment designed to appeal to a mix of families, students, professors, locals, and visitors. The company’s WingHouse restaurants offer dine-in and take-out services. They also provide kids meal options for children. Its restaurants offer a selection of domestic, imported and craft beers and wine, and its restaurants feature a full bar offering various liquor and spirits. Strategy The first major component of the company’s growth strategy is the continued development and expansion of its Dick’s Wings, Fat Patty’s and WingHouse brands. Key elements of its strategy include strengthening the brands, developing new menu items, improving its operations and service, driving customer satisfaction, and opening new restaurants in new and existing markets in the United States. The other major component of the company’s growth strategy is the acquisition of controlling and non-controlling financial interests in other restaurant brands offering it product and geographic diversification, such as its acquisition of Fat Patty’s and WingHouse. Supply and Distribution The company has arranged for its Dick’s Wings and WingHouse company-owned restaurants and franchisees to purchase food, supplies and paper goods from Sysco and purchase soda beverages from The Coca-Cola Company. Fat Patty’s orders food, supplies, and paper goods from Gordon Foods. Intellectual Property The company owns the U.S. registered trademarks for majority of the logos, designs and expressions that identify the products and services that it uses in its business, including ‘Dick’s Wings.’ ‘Dick’s Wings & Grill’, ‘Fat Patty’s’ and ‘WingHouse’. It also has common law trademark rights for certain of its proprietary marks. Government Regulation The company and its franchisees are subject to federal and state employment laws and regulations, such as the Fair Labor Standards Act and the Immigration Reform and Control Act. The company and its franchisees must comply with applicable requirements of the Americans with Disabilities Act and related state laws. Under the Americans with Disabilities Act and related state laws, the company and its franchisees must provide equivalent service to disabled persons and make reasonable accommodation for their employment, and when constructing or undertaking significant re modeling of its restaurants, it must make those facilities accessible to disabled persons. The company and its franchisees must also comply with other anti-discrimination laws and regulations, such as the Civil Rights Act and the Age Discrimination Act, which mandate that people be dealt with on an equal basis regardless of such personal traits as sex, age, race, ethnicity, nationality, sexual orientation and gender identity. The company’s franchising activities are subject to the rules and regulations of the Federal Trade Commission (the FTC), as well as the rules and regulations of the states in which it operates. The operation of the company’s restaurants is subject to laws and regulations relating to nutritional content, nutritional labeling, product safety, menu labeling and other regulations imposed by the Food and Drug Administration (the FDA), including the Food Safety Modernization Act. Competition Dick’s Wings and WingHouse compete directly with Buffalo Wild Wings, East Coast Wings & Grill, Hooters, Hurricane Grill & Wings, Wings ‘N More, Wings N’ Things, Wingstop and other restaurants offering chicken wings as one of their major food offerings. History The company was founded in 2000. It was incorporated in 2000. The company was formerly known as American Restaurant Concepts, Inc. and changed its name to ARC Group, Inc. in 2014.