What was the total value of Bb.Q Chicken's total 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 |
| 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 company's total assets in 2023 were valued at $27,803,633. This figure represents the sum of Bb.Q Chicken's current assets, property and equipment, and other assets as of December 31, 2023. This information is based on the company's consolidated financial statements.
A prospective franchisee can use this information to assess the financial health and stability of Bb.Q Chicken. A higher asset value generally indicates a stronger financial position. Reviewing the different categories of assets (current, property & equipment, and other) can provide insights into where Bb.Q Chicken's value is concentrated. For example, a significant portion of assets in property and equipment might suggest substantial investments in infrastructure.
It's important to note that these figures are part of a larger financial picture. A franchisee should also consider Bb.Q Chicken's liabilities and equity to get a complete understanding of its financial standing. Comparing asset values from 2023 to 2022, which were $17,774,509, reveals a significant increase in total assets for Bb.Q Chicken year-over-year.
Franchisees should consult with a financial advisor to fully understand the implications of Bb.Q Chicken's asset values and how they relate to the overall franchise opportunity. Understanding the franchisor's financial health is a crucial part of the due diligence process before investing in a franchise.