What is the retained earnings amount for Browns Chicken as of March 30, 2025?
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.
Also attached as Exhibit A is Brown's unaudited balance as of March 30, 2025, and its Statement of Operations for the 2 months ended on March 30, 2025.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the financial statements for Browns Chicken include an unaudited balance sheet as of March 30, 2025. However, the excerpt does not specify the exact retained earnings amount on that date.
The FDD includes Browns Chicken's audited balance sheets as of December 31, 2024, December 31, 2023, and December 31, 2022. These audited statements, along with the statements of operations, changes in members' equity, and cash flows for the years then ended, are part of Exhibit A. The document also contains Browns Chicken's unaudited balance sheet as of March 30, 2025, and its Statement of Operations for the two months ended on March 30, 2025.
To determine the retained earnings for Browns Chicken as of March 30, 2025, a prospective franchisee should carefully review the complete balance sheet included as Exhibit A in the FDD. If the figure is not explicitly stated, it would be prudent to ask the franchisor directly for this information to gain a clearer understanding of the company's financial position at that specific date.