What were the net earnings attributable to Browns Chicken LLC in 2024?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
| | BALANCE, END OF YEAR | 20,339 $ | $ 87,136 |
BROWN'S CHICKEN, LLC CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023
| 2024 2023 Amount % Amount | % | ||||
|---|---|---|---|---|---|
| REVENUE: | |||||
| Royalties | $ 369,763 | 51.36 | $ | 403,743 | 52.54 |
| Initial Franchise Fees | 5,000 | 0.69 | 1,200 | 0.16 | |
| Advertising | 337,137 | 46.82 | 357,273 | 46.50 | |
| Vendor Promo Allowance | 7,891 | 1.10 | 6,150 | 0.80 | |
| Other Revenue | 250 | 0.03 | - | _ | |
| Total Revenue | 720,041 | 100.00 | 768,366 | 100.00 | |
| DIRECT EXPENSES: | |||||
| Advertising and Promotions | 204,128 | 28.35 | 165,302 | 21.51 | |
| Employee Benefits | 1,263 | 0.18 | 510 | 0.07 | |
| Franchising Expenses | 23,946 | 3.33 | 13,499 | 1.76 | |
| Payroll Taxes | 15,390 | 2.14 | 15,721 | 2.05 | |
| Salaries | 190,646 | 26.48 | 193,807 | 25.22 | |
| Total Direct Expenses | 435,373 | 60.48 | 388,839 | 50.61 | |
| Gross Profit | 284,668 | 39.52 | 379,527 | 49.39 | |
| SELLING, GENERAL, AND | |||||
| ADMINISTRATIVE EXPENSES | 331,406 | 46.03 | 287,223 | 37.38 | |
| (Loss) Income from Operations | (46,738) | (6.51) | 92,304 | 12.01 | |
| SETTLEMENT INCOME | 35,000 | 4.56 | - | ||
| NET (LOSS) EARNINGS FOR THE YEAR | (11,738) | (1.95) | 92,304 | 12.01 | |
| NON-CONTROLLING INTEREST | (66,797) | (9.28) | 23,900 | 3.11 | |
| NET EARNINGS ATTRIBUTABLE TO | $ 55,059 | 7.33 | $ | 68,404 | 8.90 |
| BR |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Browns Chicken's 2025 Franchise Disclosure Document, the net earnings attributable to Browns Chicken LLC for the year 2024 were $55,059. This figure represents the portion of the company's overall net earnings that is specifically attributable to the parent company, Browns Chicken LLC, after accounting for non-controlling interests.
For a prospective franchisee, this number provides insight into the financial performance of Browns Chicken. It reflects the profitability of the company's operations and its ability to generate earnings for its owners. A higher net earnings figure generally indicates a more financially healthy and successful franchise system.
However, it is important to consider this figure in the context of other financial data provided in the FDD, such as revenue, expenses, and overall financial condition. Additionally, prospective franchisees should compare this figure to previous years to identify any trends or changes in the company's profitability. It's also worth noting that the net earnings for the year 2023 were $68,404, which is higher than the 2024 earnings.
Overall, the net earnings attributable to Browns Chicken LLC is a key metric for assessing the financial viability of the franchise, but it should be evaluated in conjunction with other relevant financial information and a thorough understanding of the franchise system.