What accounts receivable (net of allowance for doubtful accounts) did Browns Chicken have in 2023?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
| CURRENT ASSETS: | ||
|---|---|---|
| Cash and Cash Equivalents | $ 37,437 | $ 78,676 |
| Cash - VIE | 20,532 | 65,330 |
| Accounts Receivable (Net of Allowance for Doubtful | ||
| Accounts of $0 in 2024 and $7,999 in 2023) | 21,293 | 43,420 |
| Accounts Receivable - VIE (Net of Allowance for | ||
| Doubtful Accounts of $0 in 2024 and $0 in 2023) | 14,423 | 24,810 |
| Uniform & Equipment Inventory | 4,625 | 4,968 |
| Prepaid Expenses | 4,350 | 6,750 |
| Total Current Assets | 102,660 | 223,954 |
Source: Item 23 — RECEIPT (FDD pages 43–202)
What This Means (2025 FDD)
According to Browns Chicken's 2025 Franchise Disclosure Document, the company's accounts receivable (net of allowance for doubtful accounts) in 2023 was $43,420. This figure represents the amount of money owed to Browns Chicken by its customers or franchisees, after accounting for potential uncollectible amounts. The allowance for doubtful accounts in 2023 was $7,999.
Additionally, Browns Chicken had accounts receivable from VIE (Variable Interest Entities), net of allowance for doubtful accounts, totaling $24,810 in 2023. The allowance for doubtful accounts for VIE was $0 in 2023.
Understanding the accounts receivable and the allowance for doubtful accounts can help a prospective franchisee assess the financial health and stability of Browns Chicken. It's important to note that these figures reflect the financial position of the company at a specific point in time and may not be indicative of future performance.