What was the retained deficit ending for Bb.Q Chicken in 2023?
Bb_Q_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
ONE STATION PLAZA RIDGEFIELD PARK, NJ 07660 TEL: (201)699-0969 FAX:(201)917-5017
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Independent Auditors' Report
To the Board of Director and Stockholders of BBDOTQ USA, Inc.:
Report on the Financial Statements
We have audited the accompanying consolidated financial statements of BBDOTQ USA, Inc and its subsidiaries (the 'Company") which comprise the balance sheet as of December 31, 2023 and 2022, and the related statements loss and retained deficit and cash flows for the years then ended and the related notes to the financial statements.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and the fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America: this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud
Source: Item 23 — RECEIPTS (FDD pages 62–283)
What This Means (2025 FDD)
According to Bb.Q Chicken's 2025 Franchise Disclosure Document, the Independent Auditors' Report indicates that the financial statements include the balance sheet as of December 31, 2023, and 2022, and the related statements loss and retained deficit. This report confirms that the auditors have reviewed the financial position of Bb.Q Chicken and its subsidiaries as of December 31, 2023, and 2022. However, the specific amount of the retained deficit is not disclosed in this excerpt.
While the provided excerpts confirm that Bb.Q Chicken's financial statements for 2023 were audited, the actual figure for the retained deficit ending in 2023 is not present in the provided documentation. A prospective franchisee would need to consult the full financial statements within the FDD or request this information directly from the franchisor to fully understand the company's financial health.
To gain a comprehensive understanding of Bb.Q Chicken's financial performance, it is essential for potential franchisees to review the complete audited financial statements. This will provide a clear picture of the company's retained deficit, which is a critical indicator of its profitability and overall financial stability. It is advisable to seek professional financial advice when reviewing these documents to fully assess the implications for your investment.