What was the total amount of Browns Chicken's current assets in 2022?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
lano,Caboor & Co.*
Catalano, Caboor & Co. Lombard, IL
March 31, 2024
BROWN'S CHICKEN, LLC CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2023 AND 2022
ASSETS
| 2023 | 2022 | |||
|---|---|---|---|---|
| CURRENT ASSETS: | ||||
| Cash and Cash Equivalents | $ | 78,676 | $ | 60,971 |
| Cash - VIE | 65,330 | 42,971 | ||
| Accounts Receivable (Net of Allowance for Doubtful | ||||
| Accounts of $7,999 in 2023 and $8,588 in 2022) | 43,420 | 45,891 | ||
| Accounts Receivable - VIE (Net of Allowance for | ||||
| Doubtful Accounts of $0 in 2023 and $0 in 2022) | 24, |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Browns Chicken's 2025 Franchise Disclosure Document, the company's total current assets in 2022 were $175,807. Current assets include cash and cash equivalents, accounts receivable (net of allowance for doubtful accounts), uniform and equipment inventory, and prepaid expenses.
For a prospective franchisee, understanding the current asset position of Browns Chicken can provide insights into the company's short-term financial health and liquidity. A higher value of current assets suggests that the company has sufficient resources to meet its immediate obligations.
It is important to note that these figures are based on Browns Chicken's consolidated balance sheets, which include the accounts of both Brown's Chicken, LLC and Brown's Chicken, LLC – Series A (Advertising Fund). The figures are also based on accounting principles generally accepted in the United States of America and have been audited by independent auditors.