What was the total value of Bb.Q Chicken's assets in 2023?
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 2023 were valued at $27,803,633. This figure represents the sum of current assets, property and equipment, and other assets held by Bb.Q Chicken at the end of the fiscal year. In comparison, the total assets for 2022 were $17,774,509.
Bb.Q Chicken's current assets in 2023 included cash and cash equivalents of $1,999,340, accounts receivable (net) of $4,519,578, and inventory (net) of $6,786,479. Other notable current assets were prepaid expenses of $78,218, interest receivable of $19,041, loans to others totaling $325,306, and right of assets (short-term) valued at $927,000. The total current assets amounted to $14,654,962.
Bb.Q Chicken's property and equipment, after deducting accumulated depreciation, totaled $3,021,795 in 2023. This category included machinery and equipment valued at $1,040,461, furniture and fixtures at $339,429, vehicles at $411,941, and leasehold improvements at $2,323,978. Other assets included loans to franchisees amounting to $578,793, intangible assets (net) of $26,154, right of assets (long-term) of $7,844,264, deferred tax assets of $1,268,102 and security deposits of $409,563. The total value of these other assets was $10,126,876.