How much did Angry Chickz spend on purchases of property and equipment in 2024?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
| \$ (8,336) | \$ (19,329) |
Angry Chickz Franchising, LLC
Statements of Cash Flows
December 31, 2024 and Period from June 9, 2023 (inception) to December 31, 2023
| 2024 | 2023 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | $ (436,260) | $ (219,329) |
| Net loss | ||
| Adjustments to reconcile net loss to net cash | ||
| from operating activities: | ||
| Amortization | 750 | - |
| Net change in assets and liabilities Receivables and other current assets Contract assets Accounts payable and accrued expenses Contract liability Due to Member | (8,507) (60,000) (24,850) 396,250 ,129 | - - 46,753 - 72,576 |
| Net cash provided by (used in) operating activities | 54,512 | (100,000) |
| CASH FLOWS FROM INVESTMENT ACTIVITIES | (4,421) | - |
| Purchases of property and equipment | ||
| CASH FLOWS FROM FINANCING ACTIVITIES Distribution to Member Contribution from Member | (42,747) - | - 200,000 |
| Net cash (used in) provided b |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
According to Angry Chickz's 2025 Franchise Disclosure Document, the company's purchases of property and equipment in 2024 totaled $4,421. This figure is detailed in the Statements of Cash Flows, which outlines the cash flow from investment activities. This investment reflects Angry Chickz Franchising, LLC's expenditure on fixed assets during the specified year.
For a prospective franchisee, understanding these expenditures is crucial as it provides insight into the franchisor's investment activities and financial management. While $4,421 may seem like a small amount, it is important to consider that Angry Chickz Franchising, LLC is a relatively new company, formed in June 2023, and opened its first franchise location in April 2024. This figure represents the investments made by the company in its initial stages of franchising operations.
Reviewing the franchisor's investments in property and equipment can give potential franchisees an idea of the resources Angry Chickz is allocating to support its franchise system. It is important to note that this figure only reflects the franchisor's expenses and not the investments required by individual franchisees to set up their own locations. Franchisees should focus on the larger trend of investment as the franchise system matures.