What was the net loss for Angry Chickz in 2024?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | ||
|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net loss | $ ( 436,260) | $ ( 219,329) | |
| Adjustments to reconcile net loss to net cash | |||
| from operating activities: | |||
| Amortization | 7 50 | - | |
| Net change in assets and liabilities | |||
| Receivables and other current assets | (8,507) | - | |
| Contract assets | (60,000) | - | |
| Accounts payable and accrued expenses | (24,850) | 4 6,753 | |
| Contract liability | 396,250 | - |
Source: Item 23 — RECEIPTS (FDD pages 54–260)
What This Means (2025 FDD)
According to Angry Chickz's 2025 Franchise Disclosure Document, the company experienced a net loss of $436,260 in 2024. This figure is part of the cash flow statement from operating activities. For comparison, the net loss in 2023 was $219,329.
In addition to the net loss, the cash flow statement includes several adjustments to reconcile the net loss to net cash from operating activities. These adjustments include amortization ($750), changes in receivables and other current assets ($-8,507), contract assets ($-60,000), accounts payable and accrued expenses ($-24,850), and contract liability ($396,250).
A prospective franchisee should consider these financial figures carefully, as they provide insight into the company's financial performance and cash flow management. Understanding the reasons behind the net loss and the nature of the adjustments is crucial for assessing the financial stability and potential risks associated with investing in an Angry Chickz franchise.