What was the total amount of Accrued Payroll for Browns Chicken in 2023?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
tegral part of these financial statements)
BROWN'S CHICKEN, LLC CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2023 AND 2022
LIABILITIES AND MEMBERS' EQUITY
| 2023 | 2022 | ||
|---|---|---|---|
| CURRENT LIABILITIES: | |||
| Accounts Payable | $ 16,968 | $ 11,819 | |
| Accounts Pa |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Browns Chicken's 2025 Franchise Disclosure Document, the total accrued payroll for 2023 was $3,411. This figure represents the amount of payroll expenses that Browns Chicken had incurred but not yet paid as of December 31, 2023. Accrued payroll is a current liability on the balance sheet, indicating a short-term obligation.
For a prospective Browns Chicken franchisee, understanding the accrued payroll is important for assessing the company's short-term financial health. It provides insight into how Browns Chicken manages its payroll obligations and its overall working capital. A significant increase in accrued payroll from one year to the next could signal potential cash flow issues or changes in payment practices.
It's also worth noting that the FDD includes audited balance sheets as of December 31, 2024 and 2023, along with statements of operations, changes in members' equity, and cash flows for the years then ended. These financial statements offer a comprehensive view of Browns Chicken's financial performance and position, which are essential for any potential franchisee to review carefully.