What was the reported value of Bb.Q Chicken's cash and cash equivalents in 2022?
Bb_Q_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
States of America.
Ridgefield Park, New Jersey
April 25, 2024
Consolidated Balance Sheets December 31, 2023 and 2022
| ASSETS | 2023 | (restated) 2022 |
|---|---|---|
| CURRENT ASSETS | ||
| Cash & cash equivalents (Note 2) | $ 1,999,340 | $ 1,449,277 |
| Accounts receivable - net (Note 2) | 4,519,578 | 2,262,811 |
| Inventory - net (Note 2) | 6,786,479 | 5,216,192 |
| Prepaid expenses (Note 4) | 78,218 | 169,859 |
| Interest receivable | 19,041 | 6,511 |
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 cash and cash equivalents totaled $1,449,277 in 2022. This figure represents the amount of readily available funds Bb.Q Chicken had on hand at the end of that fiscal year. Cash equivalents are short-term investments that can be easily converted into cash, such as money market accounts or Treasury bills. This metric is a key indicator of the company's liquidity and short-term financial health.
For a prospective Bb.Q Chicken franchisee, understanding the franchisor's cash position can be important for several reasons. A healthy cash balance suggests that the franchisor has sufficient resources to support its franchisees, invest in marketing and innovation, and weather economic downturns. It also indicates the franchisor's ability to meet its own financial obligations. Franchisees may want to compare this figure to previous years and to other similar franchise systems to assess the overall financial stability of Bb.Q Chicken.
It is important to note that this figure represents the consolidated cash position of BBDOTQ USA, Inc. and its subsidiaries, not just the Bb.Q Chicken franchise system. While this provides a general overview of the company's financial health, prospective franchisees may also want to inquire about the specific financial performance of the franchise system itself. This information can help them better understand the resources available to support their franchise and the overall financial viability of the Bb.Q Chicken franchise opportunity.