table_specific

What was the reported employee benefits expense for Bb.Q Chicken in 2023?

Bb_Q_Chicken Franchise · 2025 FDD

Answer from 2025 FDD Document

ts, presentation, and disclosure accompanying consolidated financial statements.

Consolidated Schedule of Operation December 31, 2023 and 2022

Consolidated Schedule of Operation

2023 2022
OPERATING EXPENSES:
Advertising & marketing $ 1,595,920 $ 842,500
Auto & local transportation 55,921 49,906
Bad debt expenses 9,370 88,644
Bank charges & credit card discounts 196,556 176,111
Commission 424,518 370,079
Communications 73,870 38,199
Consulting fees 725,206 564,801
Contribution 150,279 71,000
Depreciation & amortization (Note 2) 368,402 233,324
Dues & subscriptions 261,806 183,954
Employee benefits 488,230 368,798
Freight costs 991,969 853,057
Insurance 231,502 256,419
Lease expenses 19,055 19,421
Licenses & permits 15,239 9,997
Management fees 16,599 32,297
Meals & entertainment 398,838 228,871
Office supplies & expenses 34,297 12,247
Outside service & temporary help - 30,991
Payroll processing fees 24,683 15,935
Payroll taxes 511,255 371,530
Penalty & interest 4,980 5,857
Professional fees 609,952 435,249
Rent 1,436,564 1,252,684
Repairs & maintenance 284,944 267,582
Research & development 19,460 16,703
Royalty expenses (Note 8) 3,351,968 2,393,571
Salaries 5,969,810 3,940,577
Sanitation 117,259 71,308
Security expenses 38,192 -

Source: Item 23 — RECEIPTS (FDD pages 62–283)

What This Means (2025 FDD)

According to Bb.Q Chicken's 2025 Franchise Disclosure Document, the company's employee benefits expense for the year 2023 was $488,230. This figure reflects the total amount Bb.Q Chicken spent on benefits for its employees during that year.

Employee benefits are a standard part of operating expenses for most businesses, including franchises. These benefits can include health insurance, retirement plans, and other perks offered to employees. For a prospective Bb.Q Chicken franchisee, understanding this expense is crucial for projecting their own operating costs. While this figure reflects the franchisor's expenses, franchisees will also incur their own employee benefit expenses.

It's important to note that this number represents the expenses at the corporate level and may not directly translate to the costs a franchisee will incur. Factors such as the number of employees, the specific benefits offered, and local market conditions can all influence a franchisee's actual employee benefits expenses. Therefore, a prospective franchisee should research typical employee benefit costs in their area and factor those into their financial projections.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.