The following are the estimates of the total investment required of an Arthur Treacher's Fish & Chips or Pudgie's Famous Chicken franchisee. The investment and expenditures required of actual franchisees may vary considerably from these estimates, depending on many factors including, but without limitation to geographical area, purchase or lease terms available, and the capabilities of management.

Arthur Treacher's Initial Investment Range:
$145,500 to $267,000*

Pudgie's Famous Chicken Initial Investment Range:
$197,000 to $379,000*

*This advertisement is not an offering. An offering can only be made by prospectus filed first with the Department of Law of the State of New York. Such filing does not constitute approval by the Department of Law.