Are the financial statements for Chicken Guy audited?
Chicken_Guy Franchise · 2025 FDDAnswer from 2025 FDD Document
ANCHISE OR HAD A FRANCHISE AGREEMENT TERMINATED OR NOT RENEWED AS OF DECEMBER 29, 2024
| Franchisee | Outlet Address | City | State | Zip | Phone Number | Contact Person |
|---|---|---|---|---|---|---|
| Tomey Chicken 1, | 30130 Plymouth Road, | Livonia | MI | 48152 | (248) 516-5573 | Michael |
| LLC | Space A | Tomey | ||||
| Magic Eats, LLC | 4 PPG Place | Pittsburgh | PA | 15222 | (814) 244-1407 | John Burley |
| TNCG Gatlinburg, | 727 Parkway | Gatlinburg | TN | 37738 | (423) 900-8730 | Bucky Mabe |
| LLC |
If you buy this franchise, your contact information may be disclosed to other buyers when you leave the franchise system.
ITEM 21 FINANCIAL STATEMENTS
Attached to this disclosure document as Exhibit H is our audited financial statements as of December 29, 2024, December 31, 2023, and December 25, 2022 and our unaudited financial statements for the period ending July 14, 2025.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 50)
What This Means (2025 FDD)
According to Chicken Guy's 2025 Franchise Disclosure Document, the company provides audited financial statements. The FDD includes an independent auditor's report and audited financial statements as of December 29, 2024, December 31, 2023, and December 25, 2022. These audited statements include balance sheets, statements of income and member's equity, statements of cash flow, and related notes.
The inclusion of audited financial statements is a positive sign for prospective franchisees. It means that an independent accounting firm has reviewed Chicken Guy's financial records and has issued an opinion on their fairness and accuracy. This provides a higher level of confidence in the financial information presented.
However, the FDD also states that the unaudited financial statements for the period ending July 14, 2025, are attached as well. The document explicitly advises prospective franchisees that no certified public accountant has audited these figures or expressed an opinion regarding their content or form. Therefore, franchisees should place less reliance on these unaudited statements.