What was the total value of Bb.Q Chicken's current 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 |
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 2023 were valued at $14,654,962. 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 right of assets (short-term).
Understanding the composition of these current assets is crucial for prospective franchisees. For instance, a significant portion of current assets is tied to inventory, which could indicate the importance of efficient inventory management for Bb.Q Chicken franchisees. Similarly, the accounts receivable balance reflects money owed to the company, potentially from franchisees or suppliers, and its size can impact cash flow.
The FDD also provides comparative data from 2022, showing that Bb.Q Chicken's total current assets increased from $10,433,436 in 2022 to $14,654,962 in 2023. This increase could signal positive growth and improved financial health for the company. However, franchisees should investigate the reasons behind these changes to fully understand the company's financial trajectory.
Overall, the current asset figures provide a snapshot of Bb.Q Chicken's short-term financial position. Potential franchisees should analyze these figures in conjunction with other financial data in the FDD, such as liabilities and expenses, to gain a comprehensive understanding of the company's financial stability and operational efficiency. Consulting with a financial advisor is recommended to interpret these figures in the context of their investment.