What was the amount of purchases for Bb.Q Chicken in 2023, as detailed in Note 8?
Bb_Q_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
| 4,581,550 |
| TOTAL ASSETS | $ 27,803,633 | $ 17,774,509 |
Consolidated Balance Sheets December 31, 2023 and 2022
| LIABILITIES & STOCKHOLDER'S EQUITY | 2023 | (restated) 2022 | |---------------------------------
Source: Item 23 — RECEIPTS (FDD pages 62–283)
What This Means (2025 FDD)
According to Bb.Q Chicken's 2025 Franchise Disclosure Document, the accounts payable, as detailed in Note 8, were $7,925,688 in 2023. In 2022, the accounts payable were $6,428,725.
Accounts payable represents the short-term liabilities Bb.Q Chicken owes to its suppliers and vendors for goods and services received but not yet paid for. This figure reflects the company's outstanding obligations to its suppliers at a specific point in time.
A prospective franchisee should consider the accounts payable alongside other financial metrics to assess the company's overall financial health and its ability to manage its short-term obligations. A significant increase in accounts payable could indicate potential cash flow challenges or changes in payment terms with suppliers.