What was the reported total assets value for Browns Chicken in 2023?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached hereto as Exhibit A is Brown's audited balance sheet as of December 31, 2024, December 31, 2023, and December 31, 2022, and the Statement of Operations, Statement of Changes in Members' Equity, and Statement of Cash Flows for the years then ended.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the financial statements of Browns Chicken, LLC have been audited for the years 2024 and 2023. The FDD includes Browns Chicken's audited balance sheets as of December 31, 2024, December 31, 2023, and December 31, 2022.
However, while the FDD confirms that the balance sheets for these years are included, the actual figures for total assets as of December 31, 2023, are not present within the provided excerpts. The excerpts do include the auditor's report and notes to the financial statements, but not the balance sheet itself.
A prospective Browns Chicken franchisee should carefully review the complete audited financial statements, specifically the balance sheets, to understand the company's assets, liabilities, and equity for the stated periods. This information is crucial for assessing the financial health and stability of Browns Chicken. Contacting the franchisor directly to obtain the full financial statements is recommended.