What were the total current assets for Browns Chicken in 2024?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
| CURRENT ASSETS: | ||
|---|---|---|
| Cash and Cash Equivalents | $ 37,437 | $ 78,676 |
| Cash - VIE | 20,532 | 65,330 |
| Accounts Receivable (Net of Allowance for Doubtful | ||
| Accounts of $0 in 2024 and $7,999 in 2023) | 21,293 | 43,420 |
| Accounts Receivable - VIE (Net of Allowance for | ||
| Doubtful Accounts of $0 in 2024 and $0 in 2023) | 14,423 | 24,810 |
| Uniform & Equipment Inventory | 4,625 | 4,968 |
| Prepaid Expenses | 4,350 | 6,750 |
| Total Current Assets | 102,660 | 223,954 |
Source: Item 23 — RECEIPT (FDD pages 43–202)
What This Means (2025 FDD)
According to Browns Chicken's 2025 Franchise Disclosure Document, the company's total current assets in 2024 were $102,660. This figure represents the sum of several liquid asset categories. These categories include cash and cash equivalents, cash from VIE (Variable Interest Entities), accounts receivable (net of allowance for doubtful accounts), uniform and equipment inventory, and prepaid expenses.
Specifically, the breakdown of current assets includes $37,437 in cash and cash equivalents, $20,532 in cash from VIE, $21,293 in accounts receivable (net of allowance for doubtful accounts), $14,423 in accounts receivable from VIE (net of allowance for doubtful accounts), $4,625 in uniform and equipment inventory, and $4,350 in prepaid expenses.
For a prospective franchisee, understanding the composition and amount of Browns Chicken's current assets can provide insight into the company's financial health and liquidity. Current assets are those that can be readily converted into cash within a year, and a healthy balance suggests the company is well-positioned to meet its short-term obligations. Comparing these figures to previous years or to other similar franchise systems can offer a more comprehensive view of the company's financial performance and stability.