A chain restaurant is planned for a shopping center along Main Street in Altus.
On June 29 the City of Altus Planning Department issued a building permit for a Chicken Express fast-food restaurant on a 46,731.15 square-foot lot at 2724 N. Main St.
It takes several steps to open a Chicken Express franchise, which must operate under the trade name, service marks, trademarks and symbols as designated by the Stuart Group Inc. or SGI.
A prospective franchise owner must request a Chicken Express confidential franchise application questionnaire.
A completed application includes personal information, business experience, education, general information, financial questions; business, personal, and financial references; confidential financial statements, questions on assets, real estate, securities, mortgages, taxes, net worth along with income and expense information, deposit account, stocks and bonds, notes receivable, life insurance, retirement plans, oil and gas interests, and contingent liabilities.
After the application is completed and returned for review, consideration, and approval the group determines the possibility of franchise sale.
The Chicken Express planned for Altus is earmarked for private ownership. The planned restaurant has 3,096 square feet of floor space for a financial investment of $440,000 for the building, electrical, plumbing and mechanical equipment.
The contractor for the Altus store is from Weatherford, Texas; the engineer is based out of Forth Worth, Texas; and the owner is from Nacogdoches, Texas.
The Stuart company started Chicken Express franchises in March 1988 in Benbrook, Texas and in October of 1988 in Mineral Wells, Texas — the current home for Chicken Express. Today there are more than 200 locations across the Southwest United States and in Texas, Arkansas, Georgia, Oklahoma and Louisiana.
Reach Mary O. Esparza at 580-482-1221, ext. 2077.