What is the due date for the 2004 financing transaction for Churchs Chicken?
Churchs_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
| De | cember 29, 2024 | De | cember 31, 2023 | |
|---|---|---|---|---|
| 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 |
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, the due date for the 2004 financing transaction is listed as December 28, 2024, December 28, 2029 and December 28, 2034. The amounts due on December 28, 2024 were not specified, while the amounts due on December 31, 2023 were $34,267, $53,687 and an unspecified amount respectively.
Specifically, as of December 29, 2024, the amount due for the 2004 financing transaction due December 28, 2029 was $52,606, and the amount due for the 2004 financing transaction due December 28, 2034 was $26,457. The amount due for the 2004 financing transaction due December 28, 2024 was not specified. These figures reflect Churchs Chicken's debt obligations as of those dates.
Prospective franchisees should note that these financing transactions represent debt obligations of Churchs Chicken. Understanding the terms and amounts of these obligations can provide insight into the financial health and stability of the company. Franchisees may want to inquire further about the specifics of these transactions and how they might impact the franchisor's ability to support its franchisees.