What was the total value of Bb.Q Chicken's other assets in 2022?
Bb_Q_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
States of America.
Ridgefield Park, New Jersey
April 25, 2024
Consolidated Balance Sheets December 31, 2023 and 2022
| ASSETS | 2023 | (restated) 2022 |
|---|---|---|
| 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, |
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 other assets in 2022 were valued at $4,581,550. These assets are comprised of loans to franchisees, which totaled $347,877; intangible assets net of amortization, valued at $35,837; long-term right-of-use assets, which amounted to $2,628,214; deferred tax assets of $1,170,767; and security deposits totaling $398,855.
For a prospective franchisee, understanding the composition and valuation of these 'other assets' provides insight into Bb.Q Chicken's financial structure and how it manages its resources. The loans to franchisees, for example, could indicate the level of financial support the company provides to its franchisees. Intangible assets might include items like goodwill or trademarks, while right-of-use assets typically relate to leased properties or equipment. Deferred tax assets can reflect future tax benefits, and security deposits are common in leasing arrangements.
The significant increase in right-of-use assets from 2022 to 2023 (from $2,628,214 to $7,844,264) could signal substantial changes in Bb.Q Chicken's leasing strategy or expansion activities. Franchisees may want to inquire about the nature of these assets and how they impact the company's overall financial health. Understanding these figures helps potential franchisees assess the financial stability and investment risk associated with Bb.Q Chicken.
It is important to note that these figures are based on a consolidated financial statement, which includes the accounts of the company and its subsidiaries. This means that the 'other assets' represent the total value across the entire Bb.Q Chicken organization, not just the franchisor entity. Prospective franchisees should consider these figures in the context of the company's overall financial performance and consult with a financial advisor to fully understand the implications.