Does the Browns Chicken Franchise Disclosure Document include a Bank Draft Form?
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) |
Source: Item 23 — RECEIPT (FDD pages 43–202)
What This Means (2025 FDD)
According to the 2025 Browns Chicken Franchise Disclosure Document, a Bank Draft Form is included as Rider C. This form is listed among other exhibits such as Financial Statements (Exhibit A), a list of state agents (Exhibit B), lists of franchisee-owned stores and franchisees who left the system (Exhibits C and D), and the Franchise Agreement itself (Exhibit F).
The inclusion of a Bank Draft Form suggests that Browns Chicken may utilize bank drafts for certain payments or transactions with its franchisees. This could be for initial franchise fees, ongoing royalty payments, or other financial obligations outlined in the franchise agreement.
As a prospective franchisee, it is important to carefully review Rider C and understand the terms and conditions associated with the Bank Draft Form. You should clarify with Browns Chicken the specific purposes for which the form will be used, the frequency and amounts of any bank drafts, and your rights and responsibilities related to this payment method. Understanding these details will help you manage your finances and ensure compliance with the franchise agreement.