What was the total amount of partner draws for Browns Chicken as of March 30, 2025?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
| Mar 30, 25 | |
|---|---|
| PARTNERS DRAW | |
| PARTNERS DRAW-JAMES GARVEY | -115,760.28 |
| PARTNERS DRAW-POP GRIP | -463,041.13 |
| PARTNERS DRAW-TIM FALCONIO | -115,760.28 |
| PARTNERS DRAW-TOM KENNEFICK | -231,520.56 |
| Total PARTNERS DRAW | -926,082.25 |
| Retained Earnings | 972,349.79 |
| Net Income | -6,273.26 |
| Total Equity | 447,989.54 |
| TOTAL LIABILITIES & EQUITY | 468,101.26 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Browns Chicken's 2025 Franchise Disclosure Document, the total partner draws as of March 30, 2025, amounted to -$926,082.25. This figure represents the cumulative draws taken by the partners from January 1 through March 30, 2025. Partner draws are essentially payments or distributions of profits made to the partners of Browns Chicken, LLC.
The FDD lists individual partner draws, including James Garvey (-$115,760.28), Pop Grip (-$463,041.13), Tim Falconio (-$115,760.28), and Tom Kennefick (-$231,520.56). These individual amounts, when combined, make up the total partner draws. The negative sign indicates that these are amounts taken out of the company by the partners.
For a prospective franchisee, this information provides insight into how Browns Chicken distributes profits among its partners. It's important to note that partner draws are not necessarily indicative of the company's overall financial health, but rather reflect the distribution of available funds to the partners during that specific period. Reviewing these figures in conjunction with other financial statements, such as the profit and loss statement and balance sheet, can provide a more comprehensive understanding of the company's financial management.