As of March 30, 2025, what was the total value of other current assets for Browns Chicken?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
| Mar 30, 25 | |
|---|---|
| ASSETS | |
| Current Assets Checking/Savings | |
| CASH-OLD SECOND BANK | 14,979.01 |
| Total Checking/Savings | 14,979.01 |
| Accounts Receivable Accounts Receivable | 26,193.88 |
| Total Accounts Receivable | 26,193.88 |
| Other Current Assets EQUIPMENT INVENTORY PREPAID RENT REBILLING UNIFORM INVENTORY | 3,337.15 1,350.00 3,090.59 2,910.00 |
| Total Other Current Assets | 10,687.74 |
| Total Current Assets | 51,860.63 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Browns Chicken's 2025 Franchise Disclosure Document, the consolidated balance sheet as of March 30, 2025, lists the total value of other current assets as $10,687.74. These assets include specific items such as equipment inventory valued at $3,337.15, prepaid rent at $1,350.00, rebilling at $3,090.59, and uniform inventory at $2,910.00.
For a prospective Browns Chicken franchisee, understanding the composition of these 'other current assets' is important. These assets represent resources that Browns Chicken expects to convert into cash or use within one year. Equipment inventory refers to the value of equipment on hand, while prepaid rent represents rent expenses paid in advance. Rebilling likely refers to costs that Browns Chicken intends to recover from franchisees or other parties, and uniform inventory is the value of uniforms held by the company.
The balance sheet provides a snapshot of Browns Chicken's financial position at a specific point in time. By reviewing the assets, liabilities, and equity, potential franchisees can gain insights into the company's financial health and stability. It is important to note that this is an unaudited balance sheet, meaning that it has not been independently verified by an auditor. Browns Chicken's audited balance sheets are available for the years ending December 31, 2024, 2023, and 2022.
Prospective franchisees should carefully review the entire financial statements and consult with a financial advisor to fully understand the implications of these figures. Understanding the nature and value of these assets can help franchisees assess the financial stability of Browns Chicken and make informed decisions about investing in a franchise.