Does the Browns Chicken financial statement include consolidated statements of changes in members' equity for the years ended December 31, 2023 and 2022?

According to the 2025 Browns Chicken Franchise Disclosure Document, the financial statements include consolidated statements of changes in members' equity for the years ended December 31, 2023, and 2022. The Browns Chicken financial statements attached as Exhibit A include an audited balance sheet as of December 31, 2024, December 31, 2023, and December 31, 2022, along with the Statement of Operations, Statement of Changes in Members' Equity, and Statement of Cash Flows for the years then ended.

An independent auditor has audited the financial statements of Browns Chicken, LLC, which include 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. The auditor's opinion states that the financial statements present fairly the financial position of Browns 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.

These statements are crucial for prospective franchisees as they provide a detailed overview of how the equity of Browns Chicken has changed over the specified period. This includes information about profits, losses, and any distributions to members, offering insights into the financial stability and management of the franchise. Reviewing these statements can help a potential franchisee assess the financial health and sustainability of Browns Chicken before making an investment decision.