Can Chicken Guy require guarantors to provide personal financial statements?

According to the 2025 Chicken Guy Franchise Disclosure Document, Chicken Guy reserves the right to request personal financial statements from guarantors. Specifically, all members of the Continuity Group and their spouses, officers, directors, and holders of 10% or more legal or beneficial interest in the Developer, along with their spouses, are required to guarantee the Developer's payment and performance under the Franchise Agreement.

Chicken Guy retains the discretion to waive the guarantee requirement for some or all of these individuals. However, Chicken Guy explicitly reserves the right to demand personal financial statements from any guarantor at any time. This allows Chicken Guy to assess the financial capacity of the guarantors to meet their obligations under the guarantee.

This requirement is a standard practice in franchising, as it provides the franchisor with an additional layer of financial security. By requiring personal financial statements, Chicken Guy can evaluate the guarantor's ability to cover any potential financial shortfalls of the franchisee. Prospective franchisees should be prepared to provide these statements if requested and should understand that this is a condition of obtaining a Chicken Guy franchise.