What was the net income (or loss) attributable to noncontrolling interest for Bb.Q Chicken?
Bb_Q_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
Feb 28, 25 LIABILITIES & EQUITY Liabilities Current Liabilities Total Accounts Payable 366,876.76 Total Credit Cards 138,969.67 Other Current Liabilities Unearned Revenue 255,000.00 Loan Payable 2,342,727.71 Payroll Liabilities 8,012.00 Corporate Tax Payable -162,414.43 Interest Payable 282,499.82 Lease Liabilities - ST 254,193.74 GiveX Liability 82,378.54 Royalty Payable 3,752,896.69 GC Payable -80.00 Sales Tax Payable -6,539.36 Sales Tax Payable 2 5,062.14 Total Other Current Liabilities 6,813,736.85 Total Current Liabilities 7,319,583.28 Long Term Liabilities Total Long Term Liabilities 368,798.84 Total Liabilities 7,688,382.12 Equity Common Stock 18,481,560.56 Additional Paid in Capital 7,454.00 Retained Earnings -1,494,224.20 Net Income 123,288.25 Total Equity 17,118,078.61 TOTAL LIABILITIES & EQUITY 24,806,460.73
Source: Item 23 — RECEIPTS (FDD pages 62–283)
What This Means (2025 FDD)
The 2025 Bb.Q Chicken Franchise Disclosure Document does not specifically state the net income or loss attributable to noncontrolling interest. However, the balance sheet as of February 28, 2025, does show a net income of $123,288.25. It is important to note that this net income figure represents the overall profitability of BBDOTQ USA INC. for the period leading up to the balance sheet date.
To obtain the specific net income or loss attributable to noncontrolling interest, a prospective Bb.Q Chicken franchisee should request this information directly from the franchisor. Understanding this figure is crucial for assessing the financial structure and profit distribution within the Bb.Q Chicken organization.
Noncontrolling interest typically arises when a parent company owns less than 100% of a subsidiary, and it represents the portion of the subsidiary's equity not attributable to the parent. Knowing this value helps in understanding the complete financial picture and the allocation of profits within the Bb.Q Chicken franchise system.
Without this information, potential franchisees may lack a complete understanding of the financial obligations and profit-sharing arrangements within the Bb.Q Chicken franchise network. Therefore, it is essential to seek clarification from Bb.Q Chicken regarding the net income or loss attributable to noncontrolling interest to make a fully informed investment decision.