Where can I find the definition of basic terms in the Angry Chickz franchise agreement?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
| 70003 - FR - Royalties | 16,519.80 | 100.00% | 41,568.85 | 100.00% |
|---|---|---|---|---|
| Total Sales | 16,519.80 | 100.00% | 41,568.85 | 100.00% |
| Total Sales | 16,519.80 | 100.00% | 41,568.85 | 100.00% |
| Prime Cost | ||||
| Total Prime Cost | 0.00 | 0.00% | 0.00 | 0.00% |
| Profit After Prime | 16,519.80 | 100.00% | 41,568.85 | 100.00% |
| Operating Expense | ||||
| 7100 - Store Expenses | 438.71 | 2.66% | 889.27 | 2.14% |
| Total Operating Expense | 438.71 | 2.66% | 889.27 | 2.14% |
| Store Operating Profits EBITDA | 16,081.09 | 97.34% | 40,679.58 | 97.86% |
| Non Controllable Expense | ||||
| Total Non Controllable Expense | 0.00 | 0.00% | 0.00 | 0.00% |
| Total Store Operating Expenses | 16,081.09 | 97.34% | 40,679.58 | 97.86% |
| G&A | ||||
| 10000 - Support Center Labor | 15,401.69 | 93.23% | 139,454.50 | 335.48% |
| 10200 - Support Center Operational | 27,949.88 | 169.19% | 68,090.76 | 163.80% |
| Expenses | ||||
| 11000 - SC Marketing Expenses | 8,349.47 | 50.54% | 975.86 | 2.35% |
| Total G&A | 51,701.04 | 312.96% | 208,521.12 | 501.63% |
| EBITDA | -35,619.95 | -215.62% | -167,841.54 | -403.77% |
| Income Tax | ||||
| 95100 - State Income Tax | 800.00 | 4.84% | 800.00 | 1.93% |
| Total Income Tax | 800.00 | 4.84% | 800.00 | 1.93% |
| Net Profit | -36,419.95 | -220.46% | -168,641.54 | -405.69% |
ITEM 22 CONTRACTS
Exhibit A - Franchise Agreement
Exhibit B - Area Development Agreement
Exhibit C - General Release
Exhibit D – Continuing Guaranty
Exhibit E - Confidentiality Agreement
Exhibit J - State Addenda
Exhibit A
Franchise Agreement
FRANCHISE AGREEMENT
By and Between Angry Chickz Franchising LLC and
______________________________
Table of Contents
| ARTICLE 1 | BASIC TERMS AND CERTAIN DEFINITIONS
Source: Item 22 — CONTRACTS (FDD page 54)
What This Means (2025 FDD)
According to the 2025 Angry Chickz Franchise Disclosure Document, Article 1 of the franchise agreement contains the basic terms and certain definitions used throughout the agreement. Specifically, section 1.1 lists "Basic Terms" and defines terms such as "Initial Fee" and "Franchisee's Address for Notices".
Prospective Angry Chickz franchisees should carefully review Article 1 to understand the precise legal meaning of key terms used in the franchise agreement. This will help them to fully grasp their rights and obligations under the agreement. Understanding these definitions is crucial before signing the agreement.
It is common practice in franchising to define key terms within the franchise agreement to ensure clarity and avoid potential disputes. Franchisees should pay close attention to these definitions and seek legal counsel if they have any questions or concerns.