What was the cash at the beginning of the year for Browns Chicken in 2023?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
$ 92,955 | 11.77 | | BROWN'S CHICKEN LLC | | | | |
BROWN'S CHIKEN, LLC CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022
| 2023 | 2022 | ||
|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net Earnings | $ | 92,304 | $ 139,135 |
| Adjustments to Reconcile Net Earnings to Net | |||
| Cash Flows Provided (Used) By Operating Activities: | |||
| Non-Cash Items | |||
| Allowance for Bad Debts | - | - | |
| Depreciation and Amortization | 11,713 | 26,333 | |
| Loss on Disposal of Fixed Assets | - | - | |
| (Increase) Decrease in | |||
| Accounts Receivable | (2,690) | 12,661 | |
| Uniform & Equipment Inventories | (595) | (2,018) | |
| Prepaid Expenses | (4,798) | (834) | |
| Increase (Decrease) in | |||
| Accounts Payable | 7,171 | (47,999) | |
| Accrued Payroll | 69 | 171 | |
| Accrued Expenses | - | (49,622) | |
| Deferred Revenue | - | - | |
| Total Adjustments | 10,870 | (61,308) | |
| Net Cash Provided (Used) By Operating Activities | 103,174 | 77,827 | |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Proceeds From the Disposal of Other Assets | - | - | |
| Payments Received on Loans to Franchisees | - | - | |
| Purchase of Property and Equpment | (10,664) | (34,933) | |
| Due From Related Party | - | - | |
| Net Cash Provided (Used) By Investing Activities | (10,664) | (34,933) | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Payments on Notes Payable | (4,446) | (5,676) | |
| Distributions to Members | (48,000) | (78,000) | |
| Net Cash (Used) By Financing Activities | (52,446) | (83,676) | |
| Net Incre |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Browns Chicken's 2025 Franchise Disclosure Document, the cash at the beginning of the year 2023 was $103,942. The document also shows the cash at the end of 2023 was $144,006, while the cash at the beginning of 2022 was $144,724 and the cash at the end of 2022 was $103,942.
This information is derived from the Consolidated Statements of Cash Flows, which provides a summary of all the cash inflows and outflows Browns Chicken experienced during the years 2022 and 2023.
For a prospective franchisee, understanding the beginning and ending cash balances, along with the details of cash flow activities, is crucial for assessing the financial health and stability of Browns Chicken. It offers insights into how the company manages its cash, invests in its business, and finances its operations. Reviewing these figures in relation to revenue and expenses can provide a more complete picture of the company's financial performance and potential risks.
It is important to note that these figures reflect the consolidated performance of Browns Chicken, LLC, and may not be directly indicative of the financial performance of an individual franchise location. A prospective franchisee should also review the notes to the financial statements for additional context and explanations of the figures presented.