What was the total value of loans to others for Bb.Q Chicken in 2024?
Bb_Q_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
| ASSETS | 2023 | 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 |
Source: Item 23 — RECEIPTS (FDD pages 62–283)
What This Means (2025 FDD)
According to Bb.Q Chicken's 2025 Franchise Disclosure Document, the value of loans to others was $325,306 in 2023 and $314,203 in 2022. This indicates the total value of loans that Bb.Q Chicken, as a franchisor, has extended to other parties. These figures are part of the company's assets, reflecting amounts owed to Bb.Q Chicken by borrowers.
For a prospective franchisee, this information provides insight into Bb.Q Chicken's financial activities beyond its core franchising operations. While not directly related to the operation of a franchise unit, the presence of 'loans to others' on the balance sheet suggests that Bb.Q Chicken engages in lending activities, possibly to support franchisees or other business ventures. Understanding the scale and nature of these lending activities can contribute to a broader assessment of the franchisor's financial health and business strategy.
However, the FDD does not specify the recipients of these loans or the terms under which they were granted. A potential franchisee might want to inquire about the nature of these loans, including who the borrowers are (e.g., franchisees, suppliers, or other related entities), the interest rates, repayment schedules, and any collateral involved. This information would help to evaluate the risk associated with these assets and their potential impact on Bb.Q Chicken's financial stability. The figures provided are from 2022 and 2023, the document does not include the value of loans to others for Bb.Q Chicken in 2024.