Where can I find the financial statements for Browns Chicken?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
| The name, principal business address and telephone number of each franchise seller offering the franchise (check names that apply): |
|---|
| Brian Kennefick, 484 Glenmore Place, Roselle, Illinois |
| 60172, Telephone: (630) 709-1155 |
| Timothy Kennefick, 55 E. Park Blvd., Villa Park, Illinois 60181, Telephone: (630) 359-5358 |
| Timothy Falconio, 55 E. Park Blvd., Villa Park, Illinois 60181, Telephone: (630) 359-5358 |
| Thomas M. Kennefick, Sr., 55 E. Park Blvd., Villa Park, Illinois 60181, Telephone: (630) 359-5358 |
| Brian Bernard 55 E. Park Blvd., Villa Park, Illinois 60181, Telephone: (630) 359-5358 |
| Other:, |
| I have received a Franchise Disclosure Document issuance date of April 30, 2025 |
| and as registered in Illinois and Indiana |
| on the dates shown on Exhibit K of this disclosure document. |
| This Franchise Disclosure Document includes the |
| following Exhibits: |
| Exhibit A: Financial Statements |
| Exhibit B: List of State Agents/Agents for Service of Process |
| Exhibit C: List of Franchisee-owned Stores as of 12/31/24 |
| Exhibit D: List of Franchisees Who Left the System in 2024 |
| Exhibit E. Preliminary Agreement |
| Exhibit F: Franchise Agreement |
| Rider A |
| Territory |
| Rider B |
| Collateral Assignment of Lease |
| Rider C |
| Bank Draft Form |
| Rider D |
| Security Agreement and UCC Financing Statement |
| Rider E |
| Guaranty and Assumption of Obligations under Franchise Agreement |
| Rider F |
| Authorization to Accountant |
| Rider G |
| Video Gaming |
| Exhibit G: Sublease and Guaranty and Assumption of Obligations under Sublease |
| Exhibit H: Operating Manual Table of Contents |
| Exhibit I: Franchisee's Disclosure Questionnaire |
| Exhibit J: State Addendum (if applicable) |
| Date |
| Prospective Franchisee |
Source: Item 23 — RECEIPT (FDD pages 43–202)
What This Means (2025 FDD)
According to Browns Chicken's 2025 Franchise Disclosure Document, Exhibit A contains the financial statements. The document also lists other exhibits, such as Exhibit B, which contains a list of state agents/agents for service of process; Exhibit C, which contains a list of franchisee-owned stores as of December 31, 2024; and Exhibit D, which lists franchisees who left the system in 2024.
Other exhibits include Exhibit E, which is the preliminary agreement; Exhibit F, which is the franchise agreement along with several riders (A through G); Exhibit G, which is the sublease and guaranty and assumption of obligations under sublease; Exhibit H, which is the operating manual table of contents; Exhibit I, which is the franchisee's disclosure questionnaire; and Exhibit J, which is the state addendum, if applicable.
Prospective franchisees should review Exhibit A carefully to understand the financial health and performance of Browns Chicken. Understanding the franchisor's financial stability is crucial for making an informed investment decision. Additionally, reviewing the other exhibits provides a comprehensive overview of the legal and operational aspects of the franchise.