Who is the surety for the Chicken Guy franchise bond, and where are their principal offices located?
Chicken_Guy Franchise · 2025 FDDAnswer from 2025 FDD Document
om/tips-statepages/illinois/
EXHIBIT TO ADDITIONAL DISCLOSURE DOCUMENT DISCLOSURES REQUIRED BY THE STATE OF ILLINOIS
SURETY BOND
*800027242
We, Chicken Guy (Franchisor), LLC, a limited liability company with principal offices at 4700 Millenia Boulevard, Suite #400, Orlando, Florida 32839, as Principal, and Atlantic Specialty Insurance Company, a surety company with principal offices located at One State Street Plaza, 31st Floor, New York, NY 10004 incorporated under the laws of the State of New York and authorized to conduct business in the State of Illinois, as Surety, are indebted to the Administrator, Illinois Attorney General, 500 South Second Street, Springfield, Illinois 62706, as Obligee, in the sum of Fifty Thousand Dollars ($50,000) to be paid to the Obligee or its legal representatives, successors, or assigns, for which payment we bind ourselves and our legal representatives and successors, jointly and severally.
WHEREAS, the above-named Principal has made application to the Administrator for registration of the offer of its franchises under the Illinois Franchise Disclosure Act and is required pursuant to said law to provide the Administrator with a Surety Bond.
WHEREAS, the Principal proposes to offer in Illinois Chicken Guy! restaurant franchise(s) within one year from the effective date of the proposed registration under the Illinois Franchise Disclosure Act; and
WHEREAS, the Obligee in
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 40–46)
What This Means (2025 FDD)
According to the 2025 Chicken Guy Franchise Disclosure Document, for franchisees in Illinois, Chicken Guy (Franchisor), LLC, as Principal, and Atlantic Specialty Insurance Company, as Surety, are indebted to the Administrator, Illinois Attorney General, in the sum of Fifty Thousand Dollars ($50,000). Atlantic Specialty Insurance Company is the surety company for the bond.
The principal offices of Atlantic Specialty Insurance Company are located at One State Street Plaza, 31st Floor, New York, NY 10004. This surety bond is required for the registration of the offer of Chicken Guy franchises under the Illinois Franchise Disclosure Act. The bond is intended to cover the offer of Chicken Guy restaurant franchises within one year from the effective date of registration under the Illinois Franchise Disclosure Act.
The bond is assigned to the purchaser of the franchise upon sale. The conditions of the bond require Chicken Guy to comply with the Illinois Franchise Disclosure Act, pay damages suffered by any person due to violations of the Act, and fulfill obligations under the Franchise Agreement, including providing real estate, improvements, equipment, inventory, and training. The bond remains in effect for four years after the date of execution. This information is specific to franchisees in Illinois and may differ in other states.