Did the Angry Chickz company itself file for bankruptcy?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
Angry Chickz Franchising, LLC (the Company), a California limited liability company (LLC), was formed on June 9, 2023, and is the franchisor of a quick service, fast-casual restaurant concept "Angry Chickz". The Company is a wholly owned subsidiary of Angry Chickz, Inc. (the Member). The Member is the owner of all intellectual property rights in certain systems, trademarks, service marks, and other intellectual property used in the operation of Angry Chickz restaurants (the AC IP), and has licensed the AC IP and other know-how and confidential information to the Company to development the Angry Chickz franchise system to offer, sell, and support of the franchised business.
The Company has relied on resources from its Member to support initial operations, and the Member has committed to continue to provide financial support to the Company sufficient for the Company during the start-up phase of the franchising operations. Until the Company has sufficient cash flow, it is dependent on its Member to provide financial resources, administrative, management, support activities, and various other items. The accompanying financial statements may not be indicative of conditions that would have existed if the Company had been operated as an unaffiliated entity.
Source: Item 4 — BANKRUPTCY (FDD page 10)
What This Means (2025 FDD)
According to the 2025 Angry Chickz FDD, Angry Chickz Franchising, LLC, the franchisor, was formed on June 9, 2023. The FDD does not contain any explicit statements indicating that Angry Chickz Franchising, LLC, Angry Chickz Inc. (the Parent company), or Angry Chickz Distribution LLC have filed for bankruptcy.
The document states that Angry Chickz Franchising, LLC relies on financial support from its parent company, Angry Chickz Inc., particularly during its start-up phase. This dependency means that the financial health of the parent company could impact the franchisor's ability to support its franchisees. The FDD indicates that the parent company has committed to providing sufficient financial support to the Angry Chickz Franchising, LLC.
While the FDD does not mention bankruptcy, it is important for a prospective franchisee to conduct their own due diligence. This includes researching the financial stability of both Angry Chickz Franchising, LLC and its parent company, Angry Chickz Inc. A potential franchisee may want to consult with a financial advisor to review the financial statements provided in Item 21 of the FDD and to assess the overall risk of investing in an Angry Chickz franchise.