The Budlong Southern Chicken

Can you provide specific details about the 1 pending litigation case, including the nature of the dispute and timeline for resolution?

What were the circumstances of the 2 unit exits in 2022 (1 closure and 1 other cessation)? Were these voluntary exits or franchisor-initiated?

Why does the franchise charge zero monthly technology fees when the industry standard is $110-$408? What technology support and systems are included in the royalty fee?

The termination clause includes 24 possible causes for termination, above the typical 15-20 for this category. Can you explain the rationale for this higher number and provide examples of non-curable defaults?

You currently have only 6 franchised units despite a 20% growth rate in the past year. What is your growth strategy for the next 3-5 years?

The renewal conditions count is 6, below the typical 7-9. What specific conditions must a franchisee meet to qualify for renewal at the end of the initial 10-year term?

The franchise agreement requires binding arbitration in Carson City, Nevada. How many franchisees are located outside Nevada, and what are the typical costs for out-of-state parties to participate in arbitration?

Can you clarify the non-compete scope? The agreement mentions restrictions within 10 miles of the territory, 5 miles of any other Budlong location, and the former territory itself—how do these apply if a franchisee opens a non-competing business?

Personal guarantees are required from franchise owners and their spouses. What happens to the spouse's liability if the marriage is dissolved during the franchise term?

The agreement specifies approved suppliers only. Can you provide the current list of approved suppliers and explain the approval process for new suppliers?

You suggest retail prices and specify maximum/minimum pricing. How often do you change recommended pricing, and what happens if a franchisee refuses to follow the guidelines?

What was the reason for your Support & Training score of 89, which falls slightly below the industry typical range of 90-100? What training and ongoing support do franchisees receive?

The franchise scored 82 on Investment Costs, above the typical 69-78 range. Can you itemize the initial investment required to open a Budlong location?

Why is your territory marked as protected but not exclusive? What protections prevent the franchisor from opening nearby competing Budlong units?

The renewal fee is $15,000. Are there any other fees or requirements beyond the renewal fee to extend the franchise agreement for another 10-year term?

Of the 1 case initiated by the franchisor, what was the outcome and what were the key issues involved?

Can you explain the difference between the 14 non-curable defaults and 10 curable defaults in your termination clause, and provide examples of each?

The agreement includes class action and jury trial waivers. Has this arbitration structure been tested in court, and are there any appeals pending?

What are your current unit economics? What is the average revenue and typical profitability for a Budlong franchisee?

Given the strong 14.47% three-year CAGR, what is preventing faster expansion? Are there capital constraints, market saturation, or other limiting factors?