Introduction Company Summary The franchisor is Chick-fil-A, Inc. Franchisees (referred to as Operators) will operate a franchised Chick-fil-A Restaurant business which is a quick-service restaurant specializing in a boneless breast of chicken sandwich. Chick-fil-A Restaurants are established in free-standing locations as well as in non-free-standing locations, including mall and in-line units, non-traditional locations, and locations which are drive through only. Mission Statement Chick-fil-A doesn’t have an official mission but express it through its purpose: “To glorify God by being a faithful steward of all that is entrusted to us. To have a positive influence on all who come in contact with Chick-fil-A (Jurevicius).” Startup Summary The Franchise Agreement requires Operators to devote full time and personal best efforts to operate their franchised Chick-fil-A Restaurant business to attempt to achieve the highest sales and profits possible and diligently develop and promote the reputation of the franchised Chick-fil-A Restaurant business, Chick-fil-A, and CFA Properties’ marks. Chick-fil-A requires Operators to …show more content…
Chemicals, machinery and equipment, clothing, food, fish, and petroleum products are among the main items constituting Puerto Rico imports. Import duty and taxes are due when importing goods into Puerto Rico whether by a private individual or a commercial entity. The valuation method is Free on Board which means that the import duty payable is calculated exclusively on the value of the imported goods. However, some duties are based part in value and part in quantity. In addition to duty, imports may be subject to Sales and Use Tax or excise taxes. Duty rates can be a percentage of value or specific dollars/cents per unit. Duty rates vary from 0% to 37.5%, with the average duty rate being 5.63%