What date is referenced in the Churchs Chicken FDD table?
Churchs_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
| 457 | | 436 | | Legal | | 18 | | 403 | | Other | | 545 | | 773 | | | S | 4,932 | $ | 5,614 |
| De | cember 29, 2024 | De | cember 31, 2023 | |
|---|---|---|---|---|
| Series 2021-1 Class A-2 senior notes with anticipated repayment date of November 20, 2026, at a fixed rate of 3.9% | s | 218,250 | s | 218,250 |
| Series 2021-1 Class A-1 senior secured variable | ||||
| funding notes with anticipated repayment date of | ||||
| November 20, 2026 | 11,542 | 19,542 | ||
| 2004 financing transaction due December 28, 2024 | _ | 34,267 | ||
| 2004 financing transaction due December 28, 2029 | 52,606 | 53,687 | ||
| 2004 financing transaction due December 28, 2034 | 26,457 | |||
| 2008 financing transaction due January 28, 2028 | 1,599 | 1,673 | ||
| Other financing transactions | 6,408 | 4,709 | ||
| Total debt obligations before deferred financing costs | 316,862 | 332,128 | ||
| Less: deferred |
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 35–43)
What This Means (2025 FDD)
According to Churchs Chicken's 2025 Franchise Disclosure Document, several dates are referenced in the provided tables. Specifically, the tables include financial data as of December 29, 2024, December 31, 2023 and December 25, 2022. These dates are used to present comparative financial information, such as debt obligations, across different fiscal years. Additionally, there are references to specific financing transaction due dates, such as November 20, 2026, December 28, 2024, December 28, 2029, December 28, 2034 and January 28, 2028.
For a prospective Churchs Chicken franchisee, understanding these dates is crucial for assessing the financial health and stability of the company. The balance sheet dates (December 29, 2024, December 31, 2023 and December 25, 2022) provide a snapshot of the company's assets, liabilities, and equity at those specific points in time. By comparing these figures across multiple years, a franchisee can identify trends and potential areas of concern.
The due dates of financing transactions are also important because they indicate when Churchs Chicken has obligations to repay debt. A franchisee should pay attention to the amounts due in the near term, as these could impact the company's ability to invest in growth or support its franchisees. The presence of long-term debt, such as obligations extending to 2034, suggests that Churchs Chicken has a long-term financial strategy in place.
Overall, the dates referenced in the tables provide valuable context for interpreting the financial information presented in the FDD. A prospective franchisee should carefully review these dates and the associated financial data to make an informed decision about investing in a Churchs Chicken franchise.