What was the total amount of Accounts Payable for Browns Chicken in 2024?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
integral part of these financial statements)
BROWN'S CHICKEN, LLC CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2024 AND 2023
LIABILITIES AND MEMBERS' EQUITY
| 2024 | 2023 | ||
|---|---|---|---|
| CURRENT LIABILITIES: | |||
| Accounts Payable | $ 13,927 | $ 16,968 | |
| Accounts Payable - VIE | 14,565 | 5,356 | |
| Accrued Payroll | 4,667 | 3,411 | |
| Total Current Liabilities | 33,159 | 25,735 | |
| NON-CURRENT LIABILITIES: | |||
| Total Liabilities | 33,159 | 25,735 | |
| EQUITY: | |||
| Members' Equity (Page 5) | 460,355 | 533,296 | |
| Non-Controlling Inter |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Browns Chicken's 2025 Franchise Disclosure Document, the Accounts Payable for 2024 was $13,927. Additionally, the Accounts Payable - VIE (Variable Interest Entity) was $14,565. These figures are part of the consolidated balance sheets, which include the accounts of Brown's Chicken, LLC and Brown's Chicken, LLC – Series A (Advertising Fund).
Accounts payable represents the short-term liabilities Browns Chicken owes to its suppliers and other creditors. The Accounts Payable - VIE likely represents payables specifically related to the advertising fund. For a prospective franchisee, understanding the levels and trends in accounts payable can provide insights into the company's short-term financial management and its relationships with suppliers.
The presence of Accounts Payable - VIE indicates that the advertising fund has its own financial obligations, and these are kept separate but consolidated for financial reporting purposes. Monitoring these figures over time can help a franchisee assess the financial stability and transparency of Browns Chicken.
It's important to note that these figures are part of the consolidated financial statements, which include both Brown's Chicken, LLC and its advertising fund. A potential franchisee should review the complete financial statements and accompanying notes to fully understand the company's financial position and performance.