What are some examples of Captive Audience Venue locations for Fat Shack restaurants?

According to Fat Shack's 2025 Franchise Disclosure Document, Captive Audience Venue locations include various high-traffic areas where people are often limited in their dining options. These venues can be attractive for Fat Shack as they provide a built-in customer base. Examples of these locations are airports, transportation hubs, hospitals, convention centers, grocery stores, department stores, "big box" retail centers, resorts, sports arenas and stadiums, hotels, office buildings, and military installations like Army and Air Force Exchange Services, as well as food courts.

Fat Shack may offer the same or similar products in these Captive Audience Venues as in standard restaurants, such as their branded "FAT sandwiches," or they may offer entirely different services and products. It's important to note that Fat Shack retains the right to operate these venues, potentially in close proximity to a franchisee's location, without providing any compensation to the franchisee. Additionally, the pricing in these venues may differ from the prices set by individual franchisees.

Prospective franchisees should be aware that a Fat Shack Restaurant at a Captive Audience Venue does not have a Protected Territory. This means that the franchisor can establish other Fat Shack locations, including those operated by the company itself or other franchisees, in the same area without restriction. This lack of territorial protection could lead to increased competition for the franchisee. Franchisees should inquire about the potential for Captive Audience Venues in their target market and how Fat Shack plans to manage any potential conflicts or cannibalization of sales.