Singas Famous

Given the 24.8% three-year compound annual growth rate, significantly above typical casual dining expansion, what is driving this rapid unit growth? Are these primarily new market openings or conversions?

The franchise agreement lists 28 termination causes, well above the typical 15-20 for casual dining. Can you provide a breakdown of the most commonly cited termination reasons and any examples of franchise terminations in the past 3 years?

With 11 renewal conditions required (versus the typical 7-8), what are the specific benchmarks franchisees must meet for renewal, and what percentage of franchisees have successfully renewed in the past 5 years?

The total potential contract term is 15 years, below the typical 20-25 years for casual dining. Is there any opportunity to extend beyond the single 5-year renewal option, or negotiate additional renewal terms?

The franchise requires personal guarantees from all 5%+ owners and their spouses. Can these guarantees be limited in scope or duration, and what liabilities extend beyond the franchise agreement itself?

There was 1 unit closure and 1 'ceased other' exit in 2024. Can you explain the nature of these exits and whether they were franchisor-initiated or voluntary?

Item 19 financial performance data is not provided. Can the franchisor supply unit-level financial data (sales, profitability, expenses) from a representative sample of franchisees for due diligence purposes?

The territory is protected but non-exclusive. What encroachment protections exist, and have there been any disputes regarding new unit placements or territorial overlap?

What specific conditions must be met during the initial 10-year term to be eligible for the first 5-year renewal, and how far in advance must renewal decisions be made?

The $10,000 renewal fee is required to execute a successor agreement. Are there any other anticipated costs associated with renewal, and can the renewal fee be negotiated?

How many of the current 35 units have been operating for more than 1 year, and what is the average unit tenure in the system?

Are the 2-year / 10-mile non-compete restrictions enforced if a franchisee chooses not to renew, and have any franchisees challenged these restrictions legally?

With system growth from 18 to 35 units in 3 years, how has support and training scaled? Are resources available to maintain the reported 90/100 support score?

The investment cost score of 85 is above typical. What does the initial investment range look like, and are there financing options or preferred lender relationships available?

Can you provide details on the single transfer that occurred in both 2023 and 2024? Were these franchisor-approved transfers, and what approval process is required?

What ongoing technology fees or system costs beyond the stated 5% royalty and 2% ad fund should franchisees budget for annually?

Given zero terminations to date, are there any franchises currently underperforming that may be at risk, and what performance metrics trigger franchise warnings or interventions?