While in a position with an Angry Chickz franchisee, can I own a restaurant?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
While in my position with the Franchisee, I will not own (either beneficially or of record), engage in or render services to, whether as an investor, partner, lender, director, officer, manager, employee, consultant, representative or agent, any restaurant or business that (i) specializes in developing, owning, operating or franchising restaurants 25% or more of whose gross sales is derived from the sale of boneless breaded chicken; (ii) any business engaged in the preparation, production or sale, at wholesale, of any boneless breaded chicken food products; or (iii) any restaurant or business that looks like, copies, imitates, operates with similar trade dress or décor, or is otherwise substantially the same as or similar to Angry Chickz Restaurants.
This restriction does not apply to my ownership of less than a five percent (5%) beneficial interest in the outstanding securities of any publicly-held corporation.
Source: Item 23 — RECEIPTS (FDD pages 54–260)
What This Means (2025 FDD)
According to the 2025 Angry Chickz Franchise Disclosure Document, while you are in a position with an Angry Chickz franchisee, there are restrictions on owning or being involved with other restaurants. Specifically, you cannot own, engage in, or render services to any restaurant or business that specializes in developing, owning, operating, or franchising restaurants if 25% or more of its gross sales are from boneless breaded chicken. This also applies to businesses engaged in the preparation, production, or wholesale sale of boneless breaded chicken food products.
Additionally, you are prohibited from owning or being involved with any restaurant or business that resembles, copies, imitates, or operates with similar trade dress or décor to Angry Chickz restaurants. This restriction aims to prevent conflicts of interest and protect the Angry Chickz brand and its intellectual property.
However, there is an exception: you can own less than a five percent (5%) beneficial interest in the outstanding securities of any publicly-held corporation. This allows for minor investments in publicly traded restaurant companies without violating the ownership restrictions. These restrictions are in place to protect both the individual franchisee and Angry Chickz Franchising LLC from potential competition and brand dilution.