What were the total assets for Bb.Q Chicken in 2024?
Bb_Q_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
| ASSETS | $ 27,803,633 | $ 17,774,509 | |
|---|---|---|---|
| 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 | |
| Loans to others | 325,306 | 314,203 | |
| Right of assets - short-term | 927,000 | 1,014,583 | |
| Total Current Assets | 14,654,962 | 10,433,436 | |
| PROPERTY AND EQUIPMENT (Note 2) | |||
| Machinery & equipment | 1,040,461 | 768,296 | |
| Furniture & fixtures | 339,429 | 269,258 | |
| Vehicles | 411,941 | 329,958 | |
| Leasehold improvements | 2,323,978 | 1,892,511 | |
| Construction in progress | - | 244,145 | |
| 4,115,809 | 3,504,168 | ||
| Less: Accumulated depreciation | (1,094,014) | (744,645) | |
| Total Property and Equipment | 3,021,795 | 2,759,523 | |
| OTHER ASSETS | |||
| Loans to franchisees | 578,793 | 347,877 | |
| Intangible - net (Note 5) | 26,154 | 35,837 | |
| Right of assets - long-term | 7,844,264 | 2,628,214 | |
| Deferred tax assets (Note 11) | 1,268,102 | 1,170,767 | |
| Security deposits | 409,563 | 398,855 | |
| Total Other Assets | 10,126,876 | 4,581,550 | |
| TOTAL ASSETS | $ 27,803,633 | $ 17,774,509 |
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 total assets in 2024 were $27,803,633. This figure represents the sum of all current assets, property and equipment, and other assets held by Bb.Q Chicken at the end of the fiscal year. This is a snapshot of the company's financial health and resources at a specific point in time.
For a prospective franchisee, understanding the franchisor's asset base can provide insights into the stability and scale of the organization. A larger asset base may indicate a more established company with greater resources to support its franchisees. It is important to note that total assets alone do not tell the whole story, and should be considered alongside liabilities, revenues, and other financial metrics to gain a comprehensive understanding of Bb.Q Chicken's financial performance.
In comparison to 2023, where the total assets were $17,774,509, Bb.Q Chicken saw an increase in total assets of over $10 million. Reviewing the components of the assets, such as cash and cash equivalents, accounts receivable, and property and equipment, can provide further insights into the drivers of this change and the overall financial strategy of Bb.Q Chicken. A potential franchisee should analyze these trends to assess the franchisor's growth and financial management.