What were the distributions to members for Browns Chicken in 2023?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
art of these financial statements)
BROWN'S CHICKEN, LLC CONSOLIDATED STATEMENTS OF FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022 CHANGES IN MEMBERS' EQUITY
| 2023 | 2022 | |
|---|---|---|
| MEMBERS' EQUITY: | $ 512,892 | $ 497,937 |
| BALANCE, BEGINNING OF YEAR | ||
| Net Earnings for the Year (Page 6) | 68,404 | 92,955 |
| Distributions to Members | (48,000) | (78,000) |
| BALANCE, END OF YEAR | $ 533,296 | $ 512,892 |
| NON-CONTROLLING INTEREST: |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Browns Chicken's 2025 Franchise Disclosure Document, the distributions to members in 2023 were $48,000. This figure is part of the consolidated statements of changes in members' equity. The document also details the beginning and ending balances of members' equity, as well as net earnings for the year.
Specifically, the beginning balance of members' equity in 2023 was $512,892. Net earnings for the year amounted to $68,404. After accounting for the $48,000 distribution to members, the ending balance of members' equity for 2023 was $533,296.
In addition to the members' equity, the FDD also provides information on non-controlling interest. The beginning balance for non-controlling interest in 2023 was $63,236, with net earnings of $23,900, resulting in an ending balance of $87,136. These figures provide a comprehensive view of how Browns Chicken manages and distributes its equity and earnings.