Antonio Swad

22 statements across 1 episodes · 5 bullish · 3 bearish · 2 people on the record · first statement Apr 6, 2026 by Guy Raz · across every show →

On the record as a speaker too: Antonio Swad's record, appearances and statements → this page counts the times other people say the name.

Everything said about Antonio Swad, oldest first

Apr 6, 2026
Assertion Supported
Wingstop founder Antonio Swad ran for Congress as a Republican in 2022
“In twenty-twenty-two, he actually ran for Congress as a Republican in Texas's 32nd district. He didn't win, and he says the experience was so unpleasant, he's not interested in ever trying again.”
Guy Raz Apr 6, 2026 ▶ 1:17:54 Wingstop: Antonio Swad. A Brilliant Idea — And a Nail-Biting Exit
Apr 6, 2026 negative
Assertion Not publicly verifiable
Swad sued Wingstop's buyers to recover the $12 million owed on his note
“Well, me and that one lawyer, we sued him. And keep in mind, they owed me twelve million dollars. Okay, that's a lot of money to a young, young man from Ohio who started off at the dish machine, you know. So I sued him. I sued him for my money.”
Antonio Swad Apr 6, 2026 ▶ 1:00:00 Wingstop: Antonio Swad. A Brilliant Idea — And a Nail-Biting Exit
Apr 6, 2026 positive
Assertion Not publicly verifiable
Swad settled the Wingstop lawsuit out of court and recovered every penny
“We ended up settling the We never went to court. I eventually got every penny.”
Antonio Swad Apr 6, 2026 ▶ 1:03:59 Wingstop: Antonio Swad. A Brilliant Idea — And a Nail-Biting Exit
Apr 6, 2026
Assertion Partly supported
Pizza Patron had roughly 100 locations when Swad sold the company
“When we, when I sold the company, it was right at a hundred.”
Antonio Swad Apr 6, 2026 ▶ 1:10:29 Wingstop: Antonio Swad. A Brilliant Idea — And a Nail-Biting Exit
Apr 6, 2026 negative
Assertion Not checkable as stated
Wingstop's private equity buyers diverted cash flow to avoid paying Swad's note
“Instead of using the money to make the payment to me for the company that I built, they took the money and they built corporate stores with it, which was adding to the intrinsic value of the company. They were bonusing themselves. If it ever looked like at the…”
Antonio Swad Apr 6, 2026 ▶ 59:25 Wingstop: Antonio Swad. A Brilliant Idea — And a Nail-Biting Exit
Apr 6, 2026
Disclosure
Swad sold Wingstop for $22 million, carrying a $12 million seller note
“Twenty million turned into twenty-two million. It's got, the deal got sweeter. But it would only give me ten million at closing, and that's, that was part of the reason that we bumped the price up by 10%. Then I would carry the note for 10 years on the twelve …”
Antonio Swad Apr 6, 2026 ▶ 54:24 Wingstop: Antonio Swad. A Brilliant Idea — And a Nail-Biting Exit
Apr 6, 2026
Disclosure
Swad saved $11,500 managing a New York restaurant to launch his business
“I was there a year, and by that time I used it as a laboratory for learning all about pizza, and how to make pizza, and I was able to save a 11,500 dollars by saving all my money”
Antonio Swad Apr 6, 2026 ▶ 10:50 Wingstop: Antonio Swad. A Brilliant Idea — And a Nail-Biting Exit
Apr 6, 2026
Disclosure
Swad retained 100% equity in Wingstop with no outside investors before selling
“Hundred percent owned it, a hundred percent.”
Antonio Swad Apr 6, 2026 ▶ 52:44 Wingstop: Antonio Swad. A Brilliant Idea — And a Nail-Biting Exit
Apr 6, 2026
Assertion Not checkable as stated
Swad paid 55 cents per pound for whole chicken wings in 1994
“I, when I first got into the Wing business. I was, I paid 55 cents a pound for whole wings.”
Antonio Swad Apr 6, 2026 ▶ 26:01 Wingstop: Antonio Swad. A Brilliant Idea — And a Nail-Biting Exit
Apr 6, 2026 positive
Insight
Franchising builds company value by using franchisee capital to scale proprietary IP
“If you want to build a company that's worth a lot of money, Franchising is a way to build it, and it's primarily the growth of the company is funded by other people. It's funded by the franchisee, and as long as I could control all the intellectual property an…”
Antonio Swad Apr 6, 2026 ▶ 21:04 Wingstop: Antonio Swad. A Brilliant Idea — And a Nail-Biting Exit
Apr 6, 2026
Assertion Partly supported
Wingstop franchises cost approximately $125,000 all-in to build and open in 1997
“But even saying all that, all in, you could open a store at that time for about a 125,000 dollars.”
Antonio Swad Apr 6, 2026 ▶ 42:55 Wingstop: Antonio Swad. A Brilliant Idea — And a Nail-Biting Exit
Apr 6, 2026 positive
Disclosure
Wingstop sold beer specifically to anchor an adult concept and higher prices
“And in the early stores too, I sold beer, but it was like three percent of the sales, but I put beer in the store to position the concept as an adult concept and not fast food. Because I wanted people to think of it as a place where it's okay to spend more mon…”
Antonio Swad Apr 6, 2026 ▶ 37:31 Wingstop: Antonio Swad. A Brilliant Idea — And a Nail-Biting Exit
Apr 6, 2026 negative
Disclosure
Swad felt like a hypocrite scaling Wingstop because he was a vegetarian
“Keep in mind at this time, you know, I was feeling more and more like a hypocrite growing this company that sold nothing but chicken, not eating chicken myself, and knowing what the industry was like.”
Antonio Swad Apr 6, 2026 ▶ 47:35 Wingstop: Antonio Swad. A Brilliant Idea — And a Nail-Biting Exit
Apr 6, 2026 bullish
Assertion Not checkable as stated
Swad's second Pizza Patron location generated a profit from day one
“That store from the beginning got off to a great start and produced profit from the first day.”
Antonio Swad Apr 6, 2026 ▶ 19:39 Wingstop: Antonio Swad. A Brilliant Idea — And a Nail-Biting Exit
Apr 6, 2026
Insight
Nothing drives franchise sales more effectively than visibly successful existing franchisees
“And nothing sells franchises better Than successful franchisees.”
Antonio Swad Apr 6, 2026 ▶ 45:33 Wingstop: Antonio Swad. A Brilliant Idea — And a Nail-Biting Exit
Apr 6, 2026 positive
Disclosure
Wingstop acquired early customers by handing out samples to neighboring Blockbuster patrons
“Yeah, I thought that they would, it was a great food to go with movies, and I had people coming on the lot already, and that's why we sampled to them, you know, and a lot of our customers were developed from that, you know, and eventually, you know, Blockbuste…”
Antonio Swad Apr 6, 2026 ▶ 29:45 Wingstop: Antonio Swad. A Brilliant Idea — And a Nail-Biting Exit
Apr 6, 2026
Insight
Franchisors incur contingent liability if they select real estate for franchisees
“If you find the real estate for them, you pick up some contingent liability, almost assuring their success, and this is something I learned early on.”
Antonio Swad Apr 6, 2026 ▶ 41:15 Wingstop: Antonio Swad. A Brilliant Idea — And a Nail-Biting Exit
Apr 6, 2026
Insight
Emotional buy-in near closing makes sellers vulnerable to unfavorable last-minute deal modifications
“The closer they get you to closing on a transaction like this, at this point, you're emotionally kind of already there. You're, you might even be spending the money, you know, in your mind. Oh, when I get that check, here's what I'm going to do first and all t…”
Antonio Swad Apr 6, 2026 ▶ 56:05 Wingstop: Antonio Swad. A Brilliant Idea — And a Nail-Biting Exit
Apr 6, 2026
Assertion Supported
Swad strategically opened his second Pizza Patron in Dallas's densest Hispanic neighborhood
“After being open a little more than two years in that first location, I was able to open a store number two, and this time, instead of being the second densest Hispanic neighborhood, I looked for a location in the first most dense area of Dallas called Oak Cli…”
Antonio Swad Apr 6, 2026 ▶ 19:06 Wingstop: Antonio Swad. A Brilliant Idea — And a Nail-Biting Exit
Apr 6, 2026
Assertion Not checkable as stated
Swad wore a Ponderosa Steakhouse uniform under his high school graduation gown
“I was in the restaurant business since I was 15, and I remember graduating from high school, and I had my Ponderosa Steakhouse uniform on under my cap and gown, and as soon as the ceremony was over, I went straight to work and pulled my shift.”
Antonio Swad Apr 6, 2026 ▶ 5:13 Wingstop: Antonio Swad. A Brilliant Idea — And a Nail-Biting Exit
Apr 6, 2026
Assertion Not publicly verifiable
Swad's original company-owned Wingstop location eventually eclipsed $2 million in annual sales
“The store that I owned, it quickly continued to grow, eclipsed a million dollars in sales. By the time the franchising program was in full swing, the store was doing well over a million dollars a year, and eventually the store did over two million dollars a ye…”
Antonio Swad Apr 6, 2026 ▶ 44:22 Wingstop: Antonio Swad. A Brilliant Idea — And a Nail-Biting Exit
Apr 6, 2026
Disclosure
Swad bootstrapped his early restaurant expansion without borrowing any money
“Never borrowed a penny along this journey from anyone.”
Antonio Swad Apr 6, 2026 ▶ 20:07 Wingstop: Antonio Swad. A Brilliant Idea — And a Nail-Biting Exit
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