What was the total accumulated depreciation for all Bb.Q Chicken restaurants included in this table?
Bb_Q_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
The consolidated financial statements include the accounts of the Company and all subsidiaries, which are more than 50 percent owned or certain "variable interest entities" under accounting principles generally accepted in the United States of America. Inter-company items and transactions between companies included in the consolidation are eliminated, and unrealized inter-company profits in inventory and other assets are to be eliminated.
Notes to Consolidated Financial Statements December 31, 2024 and 2023
Source: Item 23 — RECEIPTS (FDD pages 62–283)
What This Means (2025 FDD)
Based on the 2025 Bb.Q Chicken Franchise Disclosure Document, the consolidated financial statements include the accounts of the company and all subsidiaries. The table provided shows the assets, liabilities, and equity for December 31, 2024, and December 31, 2023. For the year ending December 31, 2024, the total accumulated depreciation was $653,641, while for the year ending December 31, 2023, the total accumulated depreciation was $447,424.
Accumulated depreciation is the cumulative amount of depreciation expense that has been recognized against an asset since it was put into service. This figure reflects the total amount of an asset's cost that has been allocated as an expense over its useful life. A prospective franchisee can use this information to understand how the company values its assets and how depreciation impacts its financial statements.
Understanding the depreciation methods and amounts can help a franchisee better assess the financial health and stability of Bb.Q Chicken. It's important to note that these figures represent the total accumulated depreciation for all consolidated entities, not just individual franchise locations. A franchisee should consult with a financial advisor to fully understand the implications of these figures for their investment.