As of March 30, 2025, what was the total partner's capital for Browns Chicken?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
| Mar 30, 25 | |
|---|---|
| PARTNERS DRAW | |
| PARTNERS DRAW-JAMES GARVEY | -115,760.28 |
| PARTNERS DRAW-POP GRIP | -463,041.13 |
| PARTNERS DRAW-TIM FALCONIO | -115,760.28 |
| PARTNERS DRAW-TOM KENNEFICK | -231,520.56 |
| Total PARTNERS DRAW | -926,082.25 |
| Retained Earnings | 972,349.79 |
| Net Income | -6,273.26 |
| Total Equity | 447,989.54 |
| TOTAL LIABILITIES & EQUITY | 468,101.26 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Browns Chicken's 2025 Franchise Disclosure Document, the total equity, which includes partner's capital, was $447,989.54 as of March 30, 2025. This figure represents the cumulative financial interest of the partners in the company at that specific point in time. It's calculated by considering partners' draws, retained earnings, and net income.
The financial statement also provides a breakdown of individual partner's draws. James Garvey, Pop Grip, and Tim Falconio each had draws of -$115,760.28, while Tom Kennefick's draw was -$231,520.56. The total of all partner's draws amounted to -$926,082.25. These draws represent the amounts of money the partners took out of the business during the period from January 1 through March 30, 2025.
Additionally, the statement shows retained earnings of $972,349.79 and a net income of -$6,273.26 for the period. Retained earnings represent the accumulated profits of the company that have been reinvested back into the business rather than distributed to the partners. The negative net income indicates that Browns Chicken experienced a loss during the specified period. These figures, combined with the partner's draws, contribute to the total equity of $447,989.54.