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What were the legal and professional fees for Angry Chickz in 2023?

Angry_Chickz Franchise · 2025 FDD

Answer from 2025 FDD Document

100,000 |

Angry Chickz Franchising, LLC

Statements of Operations and Member's Deficit December 31, 2024 and Period from June 9, 2023 (inception) to December 31, 2023

2024 2023
REVENUE Royalties Brand fund Franchise fee $ 154,415 51,466 3,750 $ - - -
Total revenue 209,631 -
COSTS AND EXPENSES Salaries and wages Legal and professional fees Other operating expenses 229,527 56,310 360,054 42,528 176,801 -
NET LOSS (436,260) (219,329)
MEMBER'S DEFICIT, beginnin

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)

What This Means (2025 FDD)

According to Angry Chickz's 2025 Franchise Disclosure Document, the legal and professional fees for 2023 were $176,801. This figure reflects the expenses Angry Chickz Franchising, LLC incurred for legal counsel, accounting services, and other professional consultations during the period from June 9, 2023 (inception) to December 31, 2023.

For a prospective franchisee, understanding these costs is crucial as it provides insight into the franchisor's operational expenses. While franchisees do not directly pay these fees, the franchisor's financial health and cost management can impact the support and services they receive. High legal and professional fees could indicate ongoing litigation, complex regulatory issues, or extensive reliance on external expertise, all of which could indirectly affect the franchise system.

It's important to note that the 2023 period covers less than a full year since Angry Chickz Franchising, LLC was formed on June 9, 2023. Therefore, the $176,801 represents expenses incurred over approximately six and a half months. A full year's expenses could potentially be higher. Reviewing subsequent years' financial statements would provide a more comprehensive understanding of these costs. Franchisees should also inquire about the nature of these fees to assess whether they are recurring or one-time expenses.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.