Are Churchs Chicken's audited financial statements included as part of the Franchise Disclosure Document?
Churchs_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
I received a Church's Texas Chicken Franchise Disclosure Document April 30, 2025 that included the following exhibits (the effective dates of this disclosure document in states with franchise registration laws are listed on the State Cover Page):
- A. List of State Administrators
- B. List of State Agencies/Agents for Service of Process
- C. Franchise Agreement
- D. Amendment to Franchise Agreement for Convenience Stores and Travel Plazas
- E. Amendment for Co-Branded Restaurants
- F. Renewal Addendum
- G. Development Agreement (Non-Exclusive)
- H. Amendment to Development Agreement (Exclusive)
- I. List Of Franchised Locations; List Of Franchise Agreements Signed, But Restaurant Not Open; List Of Developers; And List Of Former Franchisees
- J. Operations Manual Table of Contents
- K .Financial Statements
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 67)
What This Means (2025 FDD)
According to Churchs Chicken's 2025 Franchise Disclosure Document, Exhibit K includes the franchisor's financial statements. Item 22 lists the exhibits included in the Franchise Disclosure Document, and Exhibit K is listed as 'Financial Statements'. This indicates that the FDD contains Churchs Chicken's financial statements.
Prospective franchisees should carefully review these financial statements to assess the financial health and stability of Churchs Chicken. Analyzing these statements can provide insights into the company's revenues, expenses, profits, and overall financial condition. This information can be crucial in making an informed decision about investing in a Churchs Chicken franchise.
It is important to consult with a financial advisor or franchise attorney to fully understand the implications of the financial statements and how they may impact the franchisee's investment. This due diligence will help potential franchisees evaluate the risks and rewards associated with opening a Churchs Chicken franchise.