What was the total value of furniture and fixtures for Bb.Q Chicken 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 total value of furniture and fixtures in 2023 was $339,429. This figure represents the company's investment in furniture and fixtures across all its locations and operations during that year. It is a component of the company's total property and equipment assets.
For a prospective franchisee, this information provides insight into the scale of investment Bb.Q Chicken has made in its physical assets. While this is a consolidated figure and not specific to an individual franchise, it can be used to gauge the level of infrastructure and resources the company possesses. Understanding the value of furniture and fixtures, along with other assets, can help potential franchisees assess the financial health and stability of the franchisor.
It's important to note that this value reflects the company's assets as a whole and not the specific investment a new franchisee would need to make to open their own Bb.Q Chicken location. The initial investment for a franchisee would be detailed in Item 7 of the FDD, which outlines the estimated costs for build-out, equipment, and other startup expenses. Therefore, while this figure provides a general sense of the company's asset base, franchisees should refer to Item 7 for a more accurate estimate of their own required investment in furniture and fixtures.