What access are the appraisers given to the franchised restaurant to conduct the appraisal for Chicken Guy?

According to Chicken Guy's 2025 Franchise Disclosure Document, appraisers are granted significant access to the franchised restaurant to conduct their appraisal. Specifically, the appraisers are given full access to the Franchised Restaurant, the Franchised Location, and the Franchisee's books and records. This access is granted during customary business hours to facilitate the appraisal process.

This access allows the appraisers to thoroughly evaluate the leasehold improvements, equipment, furnishings, fixtures, signs, and inventory. The appraisal must be conducted in accordance with the standards outlined in Section 24 of the franchise agreement. This comprehensive access ensures that the appraisers can accurately determine the fair market value of the assets, which is crucial for establishing the purchase price if Chicken Guy exercises its option to purchase the assets.

The fees and costs associated with the appraisers are to be shared equally between Chicken Guy and the franchisee. This cost-sharing arrangement ensures that both parties have a vested interest in the accuracy and fairness of the appraisal. By allowing full access during business hours, the appraisal process aims to minimize disruption to the ongoing operations of the Chicken Guy restaurant while still providing the necessary information for a comprehensive valuation.