What is the nonrefundable fee that an Angry Chickz developer must pay to the company for each proposed offering?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
ribed by Company concerning the limitations described in the preceding sentence. Developer, its Owners and the other participants in the offering must fully defend and indemnify Company, and its Affiliates, their respective partners and the officers, directors, manager(s) (if a limited liability company), shareholders, members, partners, agents, representatives, indepe
Source: Item 23 — RECEIPTS (FDD pages 54–260)
What This Means (2025 FDD)
According to the 2025 Angry Chickz Franchise Disclosure Document, a developer is required to pay a nonrefundable fee to the company for each proposed offering. This fee is set at $10,000. This fee is in addition to any transfer fee that may be required under any Franchise Agreement.
In addition to the $10,000, the developer may be required to cover any reasonable costs and expenses Angry Chickz incurs while reviewing the proposed offering. These costs could include legal and accounting fees, which can vary depending on the complexity of the offering and the professional fees charged at the time.
This requirement ensures that Angry Chickz is compensated for the time and resources it expends in reviewing and potentially approving proposed offerings by the developer. It also serves as a deterrent against frivolous or poorly planned offerings, as the developer risks losing the $10,000 fee regardless of whether the offering is ultimately approved.