What were the total royalties for Angry Chickz in the provided financial period?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
100,000 |
Angry Chickz Franchising, LLC
Statements of Operations and Member's Deficit December 31, 2024 and Period from June 9, 2023 (inception) to December 31, 2023
| | 2024 | 2023 | |-----------------------------------------------------------------------------------------------------
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 financial statements show royalty revenue for the year 2024. Specifically, Angry Chickz reported royalty revenue of $154,415 for the year ending December 31, 2024. In contrast, for the period from June 9, 2023 (inception) to December 31, 2023, Angry Chickz did not report any royalty revenue.
This indicates that 2024 was the first full year in which Angry Chickz Franchising, LLC generated royalty revenue from its franchise operations. The absence of royalty revenue in 2023 aligns with the fact that the company's first franchise location opened in April 2024, as stated in the FDD.
For a prospective franchisee, this information is useful in understanding the revenue streams of Angry Chickz Franchising, LLC. It also highlights the company's early stage of development, with significant revenue generation starting in 2024. Reviewing the growth of royalty revenue in subsequent years would provide further insights into the performance and expansion of the Angry Chickz franchise system.