What were the total current assets for Bb.Q Chicken at the end of 2024?
Bb_Q_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
| ASSETS | 2024 | 2023 | |
|---|---|---|---|
| CURRENT ASSETS | |||
| Cash & cash equivalents (Note 2) | $2,390,828 | $ 1,999,340 | |
| Accounts receivable - net (Note 2) | 6,584,742 | 4,519,578 | |
| Due from parent | 2,016,520 | - | |
| Inventory - net (Note 2) | 5,708,945 | 6,786,479 | |
| Prepaid expenses (Note 4) | 249,676 | 78,218 | |
| Interest receivable | 30,919 | 19,041 | |
| Other receivables | 523,601 | 325,306 | |
| Contract assets | 140,000 | - | |
| Right of assets - short-term | 1,064,364 | 927,000 | |
| Total Current Assets | 18,709,596 | 14,654,962 |
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 current assets at the end of 2024 were $18,709,596. This figure represents the sum of various liquid assets that Bb.Q Chicken holds, including cash and cash equivalents, accounts receivable, amounts due from the parent company, inventory, prepaid expenses, interest receivable, other receivables, contract assets, and short-term right-of-use assets.
For a prospective franchisee, understanding the composition and value of these current assets can provide insights into the financial health and liquidity of Bb.Q Chicken. A substantial amount in cash and cash equivalents suggests the company has readily available funds for operational needs or potential investments. Similarly, the level of accounts receivable indicates how effectively the company manages and collects its revenues. Inventory levels reflect the efficiency of supply chain management and turnover.
It's important to note that these figures are based on Bb.Q Chicken's financial statements, prepared in accordance with accounting principles generally accepted in the United States of America. Reviewing these figures in the context of the full financial statements, including liabilities and equity, will provide a more comprehensive understanding of the company's financial position. Additionally, comparing these figures to previous years can reveal trends and patterns in the company's asset management.