What was the total value of Bb.Q Chicken's 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 assets in 2022 were valued at $17,774,509. 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 2022 fiscal year.
Specifically, the FDD provides a breakdown of how this total is composed. Current assets, which are assets expected to be converted to cash within one year, amounted to $10,433,436 in 2022. Property and equipment, representing the net value of physical assets like machinery, furniture, and leasehold improvements, totaled $2,759,523. Other assets, including loans to franchisees, intangible assets, and deferred tax assets, were valued at $4,581,550.
For a prospective franchisee, this information offers insight into the financial scale and composition of Bb.Q Chicken's assets. A substantial asset base can indicate financial stability and the capacity to support franchisees. Reviewing the specific categories of assets can further inform a franchisee about where Bb.Q Chicken allocates its resources, such as investments in property and equipment versus loans to franchisees. It is important to note that these figures are based on the company's consolidated financial statements, which include the accounts of the parent company and its subsidiaries.
It is also important to note that the 2022 figures are restated, meaning they may have been adjusted from previously reported values. This could be due to changes in accounting practices or the discovery of errors. A potential franchisee should inquire about the reasons for any restatements to fully understand the company's financial history.