What was the total amount of fixed assets 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 fixed assets as of March 30, 2025, were $17,254.27. This figure is derived from the Browns Chicken balance sheet, which lists various asset categories.
Specifically, the fixed assets include automobiles, with a calculated value of $17,254.27 after accounting for accumulated depreciation. The balance sheet also lists equipment, but the total equipment value is shown as $0.00, indicating that the original cost and accumulated depreciation offset each other.
Prospective franchisees should understand how Browns Chicken values and depreciates its assets, as this can impact the overall financial health of the company. Fixed assets are typically long-term investments, and their proper accounting is crucial for assessing the company's financial stability.