What is the definition of 'Assets' that Chicken Guy may purchase?

According to the 2025 Chicken Guy Franchise Disclosure Document, the assets that Chicken Guy may purchase from a franchisee include equipment, vehicles, furnishings, fixtures, signs, and inventory. However, Chicken Guy may exclude any of these assets if they do not meet the current standards for a Chicken Guy restaurant or if the franchisee cannot provide a satisfactory Bill of Sale.

The purchase price for these assets will be their fair market value, accounting for reasonable depreciation and condition as of the purchase date. The determination of fair market value excludes any consideration for trademarks, service marks, or goodwill associated with the Chicken Guy franchise. If Chicken Guy and the franchisee cannot agree on the fair market value within 30 days of Chicken Guy's notice of intent to purchase, the value will be determined by two professionally certified appraisers, one chosen by each party.

If the appraisers' valuations differ by more than 10%, a third appraiser will be selected to determine the fair market value, and the average of the three appraisals will be the purchase price. The appraisers are granted full access to the franchised restaurant, location, and the franchisee's books and records to conduct their appraisal, and their fees and costs are shared equally between Chicken Guy and the franchisee.