What was the total value of Bb.Q Chicken's current 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 |
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 in 2022 were $10,433,436. This figure represents the sum of several liquid asset categories, including cash and cash equivalents, accounts receivable, inventory, prepaid expenses, interest receivable, loans to others, and the short-term portion of right-of-use assets.
Understanding the composition of these current assets is crucial for prospective franchisees. For instance, a significant portion of accounts receivable might indicate that Bb.Q Chicken extends credit to its franchisees or suppliers. A substantial inventory balance could reflect the company's investment in supplies and ingredients to support its franchise network. Prepaid expenses typically cover items like insurance or rent paid in advance.
The overall value of current assets provides insight into Bb.Q Chicken's short-term financial health and its ability to meet its immediate obligations. Franchisees may want to compare these figures with previous years to identify trends and assess the company's financial stability. Additionally, comparing these figures to those of other similar franchises can provide a benchmark for evaluating Bb.Q Chicken's financial performance.