Champs Chicken offers fried chicken, fish, and other menu items in existing retail spaces. Known for its variety of fried foods, it operates within grocery or convenience stores. Part of the quick-service restaurant industry.
The total initial investment necessary to begin operation of a Champs Chicken franchise within an existing business ranges from $9,000 to $349,000 [p.2]. This range includes payments you must make to the franchisor or affiliate in the amount of $4,500 to $130,000 [p.2].
The initial franchise fee is not required according to the provided excerpts [p.58] and [p.13].
There are no required continuing royalties as stated on [p.58]. Regarding advertising fees, there is an option for reimbursement from an Accrual Fund if you submit a claim within 90 days after published Qualified Advertising, but this is not an ongoing fee. [p.24]
The initial franchise agreement lasts for three years [p.77], and it will automatically renew for unlimited consecutive three-year terms unless either party provides written notice of non-renewal at least 30 days before the end of the current term [p.72].
According to the FDD, you can sell or transfer your franchise, but this may come with certain requirements. Transfer fees are collectable by the franchisor to cover their reasonable costs in effecting a transfer [p.89]. Additionally, your state's laws regarding franchise termination, transfer, or non-renewal might also apply, as California Business and Professions Code Sections 20000 through 200043 provide rights concerning these matters [p.81].
The franchisor may terminate the agreement on any grounds available by law [p.86]. However, termination without 'reasonable cause' as defined under Virginia Retail Franchising Act or Virginia laws may not be enforceable [p.88].
This isn't specified in the excerpts.
No, you do not receive an exclusive territory [p.37]. You may face competition from other franchisees, company-owned restaurants, and other channels of distribution controlled by the franchisor [p.37]. The franchisor also reserves the right to establish independent CHAMPS CHICKEN® Restaurant locations within your territory [p.37].
The franchisor provides additional training that they believe would benefit the system [p.29]. This isn't specified in the excerpts regarding the extent or type of ongoing support provided beyond this.
As of June 30, 2024, Champs Chicken Franchising, LLC had a total of 401 'BWB' franchises and no 'Freestanding' franchises. The company also reported closing 41 franchises in 2024 and 56 in 2023. [p.102]
The franchisor may provide financial performance information based on actual records of existing outlets you are considering buying [p.46]. However, the franchisor does not make any representations about a franchisee's future financial performance or past financial performance of company-owned or franchised outlets [p.47].
You are required to offer all Products and Services that the franchisor directs you to offer [p.60], and you must purchase or obtain certain products, equipment, services, supplies, and merchandise from Pro Food Systems, including fryers, batter and breading tables, hot cases, signage, menu boards, point of sale materials, ingredients, packaging, and branded products [p.14]. This isn't specified in the excerpts for other suppliers you might want to use for non-proprietary items.