Does the Angry Chickz FDD mention any affiliates of the company filing for bankruptcy?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
Our parent is Angry Chickz Inc. ("Parent"). Our Parent has operated Restaurants since 2018. As of December 31, 2024, there were 27 company operated Angry Chickz Restaurants in the United States. The principal business address of our Parent is 15301 Ventura Boulevard, Building B Suite 250 Sherman Oaks, California 91403. Our Parent conducts no other business and has never offered any franchises for sale.
Our affiliate Angry Chickz Distribution LLC manufacturers certain proprietary sauces that are sold to franchisees through broadline distributors. The principal business address of Angry Chickz Distribution LLC is 15301 Ventura Boulevard, Building B Suite 250 Sherman Oaks, California 91403. Angry Chickz Distribution LLC conducts no other business and has never offered any franchises for sale.
Source: Item 4 — BANKRUPTCY (FDD page 10)
What This Means (2025 FDD)
The 2025 Angry Chickz Franchise Disclosure Document does not contain any information regarding bankruptcy filings by the franchisor, its parents, predecessors, or affiliates. The document does outline the structure of the Angry Chickz franchise system, identifying Angry Chickz Franchising LLC as the franchisor, Angry Chickz Inc. as the parent company which operates 27 company-owned restaurants as of December 31, 2024, and Angry Chickz Distribution LLC as an affiliate that manufactures proprietary sauces.
Item 1 of the FDD provides details about the franchisor, its parent, predecessors, and affiliates, but it does not include any statements about bankruptcy proceedings. Item 21 includes the company's financial statements, but these statements are unaudited and do not contain information on bankruptcy either.
Since the FDD does not provide information on this matter, it would be prudent for a prospective Angry Chickz franchisee to directly ask the franchisor whether Angry Chickz Franchising LLC, its parent company Angry Chickz Inc., or its affiliate Angry Chickz Distribution LLC, or any of their predecessors have ever filed for bankruptcy. This information could be material to the franchisee's investment decision.