What was the total amount Bb.Q Chicken spent on salaries in 2023?
Bb_Q_Chicken Franchise · 2025 FDDAnswer 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 | - |
| Supplies | 474,655 | 353,143 |
| Travel | 940,988 | 424,606 |
| Uniforms & laundry | 4,908 | 796 |
| Utilities | ||
| 280,487 | 219,672 | |
| TOTAL OPERATING EXPENSES | $ 20,127,682 | $ 14,199,829 |
What This Means (2025 FDD)
According to Bb.Q Chicken's 2025 Franchise Disclosure Document, the company's total expenditure on salaries in 2023 was $5,969,810. This figure is part of the operating expenses detailed in Item 23 of the FDD, which provides a comprehensive overview of the brand's financial performance. For comparison, the total salaries paid in 2022 amounted to $3,940,577.
This information is crucial for prospective franchisees as it offers insight into the scale of Bb.Q Chicken's operations and its financial commitments. Understanding the salary expenses can help potential franchisees gauge the overall financial health and stability of the company. It also provides a benchmark against which they can compare their own potential labor costs and assess the profitability of their future franchise.
Reviewing these figures in the context of other operating expenses, such as advertising and marketing ($1,595,920 in 2023) and rent ($1,436,564 in 2023), allows for a more holistic understanding of the cost structure. This detailed breakdown enables prospective franchisees to make informed decisions about their investment and operational strategies. The substantial increase in salary expenses from 2022 to 2023 may also indicate growth and expansion within the Bb.Q Chicken system, which could be a positive sign for new franchisees.