What was the net loss/earnings for the year for non-controlling interest in Browns Chicken for 2024?
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, 2024 AND 2023 CHANGES IN MEMBERS' EQUITY
| 2024 | 2023 | |
|---|---|---|
| MEMBERS' EQUITY: | ||
| BALANCE, BEGINNING OF YEAR | 533,296 $ | $ 512,892 |
| Net Earnings for the Year (Page 6) | 55,059 | 68,404 |
| Distributions to Members | (128,000) | (48,000) |
| BALANCE, END OF YEAR | 460,355 $ | $ 533,296 |
| NON-CONTROLLING INTEREST: | ||
| BAL |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Browns Chicken's 2025 Franchise Disclosure Document, the net loss for the year for non-controlling interest was a loss of $66,797 in 2024. In contrast, for the year 2023, the net earnings for non-controlling interest was $23,900.
This information is found within the consolidated statements of operations, which provide a detailed overview of Browns Chicken's financial performance. The non-controlling interest reflects the portion of equity in a subsidiary not attributable to the parent company, Browns Chicken, LLC.
For a prospective franchisee, this indicates the financial dynamics between Browns Chicken and its subsidiaries. Understanding these figures can be crucial in assessing the overall financial health and stability of the Browns Chicken franchise system. It's important to review these figures in the context of the complete financial statements and to seek professional financial advice to fully understand the implications.