Under what conditions can Chesters prepay the EFA?
Chesters Franchise · 2025 FDDAnswer from 2025 FDD Document
You may prepay this EFA only in accordance with the Prepayment Addendum referencing the Agreement No. above, which is made a part hereof.
Source: Item 23 — **RECEIPTS (FDD pages 48–197)
What This Means (2025 FDD)
According to Chesters's 2025 Franchise Disclosure Document, a franchisee may prepay the EFA (Equipment Finance Agreement). However, this prepayment is explicitly conditional.
The FDD states that any prepayment of the EFA can only occur if it aligns with the terms outlined in the Prepayment Addendum. This addendum is referenced by the specific Agreement Number and is considered an integral part of the overall EFA.
For a prospective Chesters franchisee, this means that the ability to prepay the EFA is not guaranteed and is subject to the conditions stipulated in a separate Prepayment Addendum. It is crucial to carefully review this addendum to understand the terms, potential fees, or restrictions associated with early payment before signing the agreement.