When does the Hck Hot Chicken franchisee begin paying the Technology Fee?
Hck_Hot_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
In addition to any amounts that the Franchisee may be required to pay to third party providers, suppliers or vendors related to the computer and technology system to be operated in the Franchised Restaurant, Franchisee must pay Franchisor the then-current "Technology Fee" for costs incurred by the Franchisor for technology management and certain technologies used in the operation of the Franchised Restaurant.
Franchisee shall pay Franchisor the Technology Fee on the first Wednesday of each month beginning in the month following the date Franchisee opens the Restaurant.
The Technology Fee for the first partial month of operations shall be pro-rated and delivered with the first payment of the Technology Fee.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
According to Hck Hot Chicken's 2025 Franchise Disclosure Document, franchisees are required to pay a Technology Fee. This fee is paid to Hck Hot Chicken on the first Wednesday of each month, with payments commencing in the month following the restaurant's opening.
For the initial partial month of operation, the Technology Fee will be pro-rated. This pro-rated amount is then included with the first full payment of the Technology Fee. This ensures that franchisees only pay for the actual time they are operating during that first partial month.
The Technology Fee covers the costs Hck Hot Chicken incurs for technology management and specific technologies used in the operation of the franchised restaurant. It is important to note that this fee is in addition to any amounts the franchisee may be required to pay directly to third-party providers, suppliers, or vendors related to the computer and technology system used in the restaurant.