What was the retained deficit ending for Bb.Q Chicken in 2024?
Bb_Q_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
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, 2024 and 2023, and the related statements income and retained deficit and cash flows for the years then ended and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of BBDOTQ USA INC. and its Subsidiaries as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — RECEIPTS (FDD pages 62–283)
What This Means (2025 FDD)
According to Bb.Q Chicken's 2025 Franchise Disclosure Document, an independent auditor's report indicates they audited the consolidated financial statements of BBDOTQ USA, Inc and its subsidiaries, which includes the balance sheet as of December 31, 2024. The audit encompasses the statement of income and retained deficit, as well as cash flows for the years ending in 2024 and 2023. This audit provides an opinion on the financial position of Bb.Q Chicken as of December 31, 2024, and the results of its operations and cash flows for the years then ended.
The auditor's opinion confirms that the financial statements present fairly, in all material respects, the financial position of BBDOTQ USA INC. and its Subsidiaries as of December 31, 2024 and 2023. This includes the results of its operations and its cash flows for the years then ended, aligning with accounting principles generally accepted in the United States of America.
Prospective franchisees should note that these audited financial statements are a crucial part of the FDD. They provide insight into the financial health and stability of Bb.Q Chicken. Reviewing these statements, including the balance sheets and statements of income, retained deficit, and cash flows, can help potential franchisees assess the financial risks and opportunities associated with investing in a Bb.Q Chicken franchise. Consulting with a financial advisor to interpret these statements is advisable.