Is there a separate exhibit in the Churchs Chicken FDD that contains unaudited financial statements?
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 the 2025 Churchs Chicken Franchise Disclosure Document, Exhibit K contains the financial statements. Item 22 lists the exhibits included in the FDD, and Exhibit K is explicitly identified as containing the financial statements.
This is a standard practice in franchising, as Item 22 of the FDD is where all contracts and agreements are listed. The inclusion of financial statements as an exhibit allows prospective franchisees to review the financial health and performance of Churchs Chicken.
Prospective franchisees should carefully review Exhibit K to understand Churchs Chicken's financial position before making any investment decisions. They should also consult with a financial advisor to interpret the statements and assess the financial risks and opportunities associated with investing in a Churchs Chicken franchise.