What was the total value of Bb.Q Chicken's goods on hand as of December 31, 2023?
Bb_Q_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
| inventory reserve of $51,844. The balance at December 31, 2023 are as follows: | ||
|---|---|---|
| G o o d s o n h a n d | $6 ,0 6 7 ,6 50 | |
| I n - T r a n s it | 7 18 86 ,8,4 27 99 | |
| T o ta l | $6 ,7 |
Source: Item 23 — RECEIPTS (FDD pages 62–283)
What This Means (2025 FDD)
According to Bb.Q Chicken's 2025 Franchise Disclosure Document, as of December 31, 2023, the value of goods on hand was $6,067,650. Additionally, the value of in-transit goods was $718,427. The total value of goods on hand and in transit was $6,786,079. There was also an inventory reserve of $51,844.
For a prospective franchisee, this information provides a snapshot of Bb.Q Chicken's inventory management and valuation. The 'goods on hand' figure represents the cost of raw materials, supplies, and finished products readily available for sale or use in operations. The 'in-transit' figure reflects the value of goods that have been shipped but not yet received. The inventory reserve is an accounting measure to account for potential losses in inventory value due to obsolescence, damage, or market fluctuations.
Understanding these figures can help a franchisee assess the efficiency of Bb.Q Chicken's supply chain and inventory control practices. A high level of goods on hand might indicate overstocking or slow turnover, while a large in-transit figure could suggest potential delays or disruptions in the supply chain. The inventory reserve provides insight into the company's risk management practices related to inventory valuation. Franchisees may want to inquire about inventory management systems and support provided by Bb.Q Chicken to optimize their own inventory levels and minimize potential losses.