What was the reported total value of cash and cash equivalents for Browns Chicken in 2024?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
Caboor & Company
Catalano, Caboor & Co. Lombard, IL
April 30, 2025
BROWN'S CHICKEN, LLC CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2024 AND 2023
ASSETS
| 2024 | 2023 | |
|---|---|---|
| CURRENT ASSETS: | ||
| Cash and Cash Equivalents | $ 37,437 | $ 78,676 |
| Cash - VIE | 20,532 | 65,330 |
| Accounts Receivable (Net of Allowance for Doubtful | ||
| Accounts of $0 in 2024 and $7,999 in 2023) | 21,293 | 43,420 |
| Accounts Receivable - VIE (Net of Allowance for | ||
| Doubtful Accounts of $0 in 2024 and $0 in 2023) | 14,423 | 24,810 |
| Uniform & Equipment Inventory | 4,625 | 4,968 |
| Prepaid Expenses |
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 for the year ending December 31, 2024, shows the company's cash and cash equivalents totaled $37,437. This indicates the amount of liquid assets readily available to Browns Chicken at the end of that financial year.
In addition to the general cash and cash equivalents, the balance sheet also lists "Cash - VIE" (Variable Interest Entity) as $20,532 for 2024. This refers to cash held within a specific entity, Brown's Chicken, LLC – Series A (Advertising Fund), that Browns Chicken consolidates for financial reporting purposes. The total current assets for Browns Chicken in 2024 amounted to $102,660, which includes cash, receivables, inventory, and prepaid expenses.
Prospective franchisees should note that these figures reflect the financial health of the Browns Chicken franchisor entity itself, not the performance of individual franchise locations. Understanding the franchisor's financial stability is crucial, as it can impact their ability to support franchisees. A potential franchisee should compare these figures with previous years and industry benchmarks to assess the company's financial trends and stability.