What was the total amount of Accounts Receivable for Browns Chicken as of March 30, 2025?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
| Mar 30, 25 | |
|---|---|
| ASSETS | |
| Current Assets Checking/Savings | |
| CASH-OLD SECOND BANK | 14,979.01 |
| Total Checking/Savings | 14,979.01 |
| Accounts Receivable Accounts Receivable | 26,193.88 |
| Total Accounts Receivable | 26,193.88 |
| Other Current Assets EQUIPMENT INVENTORY PREPAID RENT REBILLING UNIFORM INVENTORY | 3,337.15 1,350.00 3,090.59 2,910.00 |
| Total Other Current Assets | 10,687.74 |
| Total Current Assets | 51,860.63 |
| Fixed Assets AUTOMOBILES ACCUM DEPREC-AUTOMOBILES AUTOMOBILES - Other | -104,210.37 121,464.64 |
| Total AUTOMOBILES | 17,254.27 |
| EQUIPMENT OFFICE ACCUM DEPR -EQUIPMENT OFFICE EQUIPMENT OFFICE - Other | -29,970.92 29,970.92 |
| Total EQUIPMENT OFFICE | 0.00 |
| Total Fixed Assets | 17,254.27 |
| Other Assets | 398,986.36 |
| GOODWILL | |
| Total Other Assets | 398,986.36 |
| TOTAL ASSETS | 468,101.26 |
| LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable ACCOUNTS PAYABLE | 20,111.72 |
| Total Accounts Payable | 20,111.72 |
| Total Current Liabilities | 20,111.72 |
| Total Liabilities | 20,111.72 |
| Equity PARTNERS CAPITAL PARTNERS CAPITAL-JAMES GARVEY PARTNERS CAPITAL-POP GRIP PARTNERS CAPITAL-TIM FALCONIO PARTNERS CAPITAL-TOM KENNEFICK Total PARTNERS CAPITAL | 73,178.05 294,116.10 73,177.05 -32,475.94 |
| TOTAL PARTNERS CAPITAL | 407,995.26 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Browns Chicken's 2025 Franchise Disclosure Document, the total Accounts Receivable as of March 30, 2025, was $26,193.88. This figure represents the amount of money owed to Browns Chicken by its customers or franchisees for goods or services provided on credit. Accounts receivable is considered a current asset, reflecting its short-term nature and expectation of conversion into cash within a year.
For a prospective Browns Chicken franchisee, understanding the accounts receivable balance is important for assessing the financial health and operational efficiency of the franchisor. A high accounts receivable balance could indicate potential issues with collecting payments, while a lower balance might suggest effective credit management and timely collections. Monitoring this figure over time can provide insights into the franchisor's ability to manage its finances and maintain a healthy cash flow.
In addition to accounts receivable, the balance sheet provides a snapshot of Browns Chicken's other assets, liabilities, and equity. As of March 30, 2025, Browns Chicken had total current assets of $51,860.63, total assets of $468,101.26, total liabilities of $20,111.72, and total partners capital of $407,995.26. Reviewing these figures in conjunction with the accounts receivable balance can offer a more comprehensive understanding of the franchisor's financial position and stability.