Where in the Disclosure Document is financial performance information for Browns Chicken included?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 21: FINANCIAL STATEMENTS]
INDEPENDENT AUDITORS' REPORT
To Management Brown's Chicken, LLC Villa Park, Illinois
Opinion
We have audited the accompanying financial statements of Brown's Chicken, LLC which comprise the consolidated balance sheets as of December 31, 2023 and 2022, and the related consolidated statements of operations, changes in members' equity, and cash flows for the years then ended and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Brown's Chicken, LLC as of December 31, 2023 and 2022, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD page 39)
What This Means (2025 FDD)
According to Browns Chicken's 2025 Franchise Disclosure Document, Item 21 contains the financial statements. Specifically, the document includes consolidated balance sheets as of December 31, 2023, and 2022, along with consolidated statements of operations, changes in members' equity, and cash flows for the years then ended. Notes related to these financial statements are also included.
Item 21 includes an Independent Auditor's Report, which expresses the auditor's opinion on the fairness of Browns Chicken's financial presentation. The auditors state that the financial statements present fairly the financial position of Browns Chicken as of December 31, 2023 and 2022, and the results of its operations and its cash flows for the years then ended, in accordance with accounting principles generally accepted in the United States of America.
These audited financial statements can give a prospective franchisee insight into the financial stability and performance of Browns Chicken. Reviewing these statements, along with the accompanying notes and the auditor's report, is a crucial step in assessing the overall financial health of the franchise system.