What was the net income for Bb.Q Chicken in 2022 as previously reported?
Bb_Q_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | ||
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net Income (loss) | $ 107,888 | $ 94,548 |
Source: Item 23 — RECEIPTS (FDD pages 62–283)
What This Means (2025 FDD)
According to Bb.Q Chicken's 2025 Franchise Disclosure Document, the net income for 2022 was $94,548. This figure is part of the consolidated financial statements, which were audited by an independent auditor. The auditor's report, included in the FDD, expresses a qualified opinion on these financial statements.
This net income figure is a component of the cash flow statement, specifically within the cash flows from operating activities. It's important to note that this number is before adjustments to reconcile net income to net cash used in operating activities, which includes items like depreciation, changes in accounts receivable and payable, and other non-cash items. These adjustments ultimately affect the net cash provided by operating activities.
Prospective franchisees should understand that this is the net income for BBDOTQ USA, Inc. and its subsidiaries, not necessarily the net income of an individual franchise location. The financial performance of a franchised location can vary significantly based on factors such as location, management, and local market conditions. Reviewing the complete financial statements and understanding the adjustments made to net income is crucial for a comprehensive financial analysis.