What was the total amount of Members' Equity 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 total members' equity for the company in 2024 was $480,694. This figure represents the sum of the members' equity ($460,355) and the non-controlling interest ($20,339). In comparison, the total members' equity in 2023 was $620,432, which was the sum of the members' equity ($533,296) and the non-controlling interest ($87,136).
Members' equity is a crucial indicator of the financial health of Browns Chicken. It represents the ownership stake of the members in the company. A higher members' equity generally indicates a stronger financial position, while a decrease, as seen from 2023 to 2024, might warrant further investigation into the company's financial performance and management. Prospective franchisees should pay close attention to these figures as they reflect the overall financial stability of the franchisor.
Furthermore, the balance sheet also lists liabilities. In 2024, Browns Chicken had total liabilities of $33,159, which consisted entirely of current liabilities. This is the same amount as in 2023, where total liabilities were $25,735, also consisting entirely of current liabilities. The total liabilities and members' equity combined amounted to $513,853 in 2024 and $646,167 in 2023. These figures provide a comprehensive view of the company's financial structure, showing how assets are funded through liabilities and equity.