What must a new Development Principal for Chicken Guy execute following Chicken Guy's approval, unless waived by Chicken Guy?
Chicken_Guy Franchise · 2025 FDDAnswer from 2025 FDD Document
- (2) If the Development Principal no longer qualifies as such, Developer shall designate another qualified person to act as Development Principal within 30 days after the date the prior Development Principal ceases to be qualified. Developer's designee to become the Development Principal must successfully complete the initial manager training program. Following Chicken Guy's approval of a new Development Principal, that person shall execute the attached form of Guarantee unless waived by Chicken Guy in its sole discretion.
Source: Item 23 — RECEIPTS (FDD pages 50–286)
What This Means (2025 FDD)
According to Chicken Guy's 2025 Franchise Disclosure Document, if a Development Principal no longer qualifies, the Developer must designate a qualified replacement within 30 days. This new designee must complete the initial manager training program. Following Chicken Guy's approval of the new Development Principal, that person is required to execute the attached form of Guarantee. However, Chicken Guy has the sole discretion to waive this requirement.
The Guarantee likely ensures that the Development Principal will uphold their responsibilities and obligations to Chicken Guy. This requirement protects Chicken Guy by ensuring that the individual in charge of development is fully committed and accountable.
It is important for prospective Chicken Guy developers to understand the qualifications and requirements for the Development Principal role, as changes in this position necessitate additional steps and approvals from Chicken Guy. The potential need to execute a Guarantee adds another layer of commitment for the individual taking on this role.