What were the total current assets for Angry Chickz in 2023?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
s that we identified during the audit.
Irvine, California
May 6, 2025
Financial Statements
Angry Chickz Franchising, LLC
Balance Sheets December 31, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| ASSETS | ||
| CU |
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 total current assets in 2023 were $100,000. This figure represents the sum of cash, receivables, other current assets, and the current portion of contract assets held by Angry Chickz Franchising, LLC at the end of the 2023 fiscal year.
For a prospective franchisee, understanding the franchisor's asset position can provide insights into the financial stability and operational capacity of the company. Current assets are particularly important as they reflect the company's ability to meet its short-term obligations and invest in growth opportunities. A healthy level of current assets suggests that Angry Chickz is managing its finances effectively and has sufficient resources to support its franchisees.
It's also worth noting that the financial statements included in the FDD are audited, providing an additional level of assurance regarding their accuracy and reliability. Franchisees should review these figures carefully and compare them to industry benchmarks to assess the financial health of Angry Chickz relative to its competitors. Additionally, potential franchisees may want to inquire about the specific components of the current assets to gain a more detailed understanding of the company's financial position.