What was the cash balance at the beginning of the year for Bb.Q Chicken in 2023?
Bb_Q_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| Net increase(decrease) in cash | 391,488 | 550,063 |
| Cash, beginning of year | 1,999,340 | 1,449,277 |
Source: Item 23 — RECEIPTS (FDD pages 62–283)
What This Means (2025 FDD)
According to Bb.Q Chicken's 2025 Franchise Disclosure Document, the cash balance at the beginning of 2023 was $1,449,277. This figure represents the amount of cash Bb.Q Chicken had on hand as of January 1, 2023, which the company used for its operations, investments, and financing activities throughout the year.
This information is crucial for prospective franchisees as it provides insight into the financial health and liquidity of Bb.Q Chicken. A healthy cash balance indicates that the company has sufficient resources to meet its short-term obligations and invest in future growth. Franchisees can use this data to assess the stability and potential of the franchise system.
It's important to note that this cash balance is just one aspect of Bb.Q Chicken's overall financial picture. Prospective franchisees should also consider other factors such as revenue, expenses, and debt levels when evaluating the franchise opportunity. Reviewing the complete financial statements and consulting with a financial advisor is recommended to gain a comprehensive understanding of Bb.Q Chicken's financial performance.