What is the length of the renewal term offered by Chicken Guy?
Chicken_Guy Franchise · 2025 FDDAnswer from 2025 FDD Document
ntee are freely assignable, in whole or in part, by Chicken Guy. Any assignment shall not release the undersigned from this Guarantee.
Section 31 (Disputes) of the Agreement are incorporated by reference into this Guarantee and all capitalized terms that are not defined in this Guarantee shall have the meaning given them in the Agreement.
IN WITNESS WHEREOF, each of the undersigned has hereunto affixed his signature, under seal.
GUARANTORS:
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EXHIBIT E
FRANCHISE AGREEMENT
CHICKEN GUY! RESTAURANT FRANCHISE AGREEMENT
DATA SHEET
This Data Sheet summarizes certain terms of the attached Franchise Agreement. The Data Sheet is an integral part of the attached Franchise Agreement and is hereby incorporated therein.
| Franchisor: | Chicken Guy (Franchisor), LLC |
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Source: Item 22 — CONTRACTS (FDD page 50)
What This Means (2025 FDD)
According to Chicken Guy's 2025 Franchise Disclosure Document, a franchisee has the option to renew their franchise agreement for one renewal term of 10 years, provided they meet certain conditions. To exercise this option, the franchisee must provide Chicken Guy with written notice of their intent to renew, no less than 8 months and no more than 12 months before the expiration of the initial term. Failure to provide timely notice constitutes a waiver of the renewal option.
To qualify for renewal, the franchisee must not be in default of the franchise agreement or any other agreements with Chicken Guy or its affiliates. They must also ensure compliance with real estate leases, equipment leases, and obligations to vendors and suppliers. Furthermore, the franchisee is required to make necessary capital expenditures to renovate and modernize the restaurant to meet Chicken Guy's current image standards for new restaurants, including interior and exterior design, décor, and equipment.
The franchisee and their employees must also comply with Chicken Guy's then-current training requirements. The franchisee must have the right to remain in possession of the franchised location, and all financial obligations to the landlord must be current. Additionally, the franchisee, all individuals who executed the agreement, and all guarantors must execute a general release and covenant not to sue Chicken Guy.
Chicken Guy will determine, at its sole discretion, whether the franchisee has operated the restaurant in accordance with the franchise agreement and the System standards. Within 4 months of receiving the franchisee's renewal notice, Chicken Guy will advise the franchisee whether they are eligible for renewal. If Chicken Guy approves the renewal, they will provide preliminary information regarding the actions the franchisee must take to satisfy the renovation and training requirements. The franchisee must sign the renewal franchise agreement and return it to Chicken Guy with the renewal fee of $10,000 before the initial term expires.