What was the total value of Bb.Q Chicken's property and equipment 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 |
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 their property and equipment in 2023 was $3,021,795. This figure is calculated by summing the values of machinery and equipment ($1,040,461), furniture and fixtures ($339,429), vehicles ($411,941), and leasehold improvements ($2,323,978), then subtracting accumulated depreciation ($1,094,014).
For a prospective franchisee, understanding these figures can be helpful in assessing the financial health and investment in infrastructure of Bb.Q Chicken. The property and equipment represent tangible assets that the company owns and utilizes in its operations. A higher value in this category can indicate a greater investment in the physical resources necessary to support the franchise system.
It's also useful to compare these values with those from the previous year (2022), which are also provided in the FDD. In 2022, the total property and equipment value was $2,759,523. The increase from 2022 to 2023 suggests potential growth and investment in the company's assets. Reviewing these figures over several years, if available, can provide a clearer picture of the company's financial trends and stability.
Prospective franchisees should consider these figures in conjunction with other financial data in the FDD, such as revenue, expenses, and liabilities, to gain a comprehensive understanding of Bb.Q Chicken's financial position. Additionally, it is advisable to consult with a financial advisor to interpret these figures in the context of their own investment goals and risk tolerance.