Under Item 21, where can I find the audited financial statements for Churchs Chicken?
Churchs_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 21: FINANCIAL STATEMENTS]
ITEM 21 FINANCIAL STATEMENTS
Attached to this Franchise Disclosure Document as Exhibit K are our audited financial statements as of and for the years ended December 29, 2024, December 31, 2023, and December 25, 2022.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 67)
What This Means (2025 FDD)
According to Churchs Chicken's 2025 Franchise Disclosure Document, the company's audited financial statements are included as an exhibit. Specifically, Item 21 states that the audited financial statements as of and for the years ended December 29, 2024, December 31, 2023, and December 25, 2022, are attached to the Franchise Disclosure Document as Exhibit K.
As a prospective franchisee, reviewing these financial statements is crucial. They provide an overview of Churchs Chicken's financial health, including revenues, expenses, assets, and liabilities. This information can help you assess the stability and profitability of the franchisor.
It is important to carefully examine these statements and consider consulting with a financial advisor to fully understand their implications. Pay attention to trends in revenue and expenses, as well as any significant changes in the company's financial position. Understanding the franchisor's financial stability is a key part of your due diligence before investing in a Churchs Chicken franchise.