What was the total liabilities and equity 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 liabilities and equity as of March 30, 2025, was $468,101.26. This figure represents the sum of all the company's liabilities (what it owes to others) and its equity (the owners' stake in the company) at that specific point in time.
It's important to note that this balance sheet is unaudited. While the FDD includes audited balance sheets for the years ending December 31, 2024, and December 31, 2023, the March 30, 2025 balance sheet is unaudited, meaning it has not been independently verified by an accounting firm. This implies that the figures are based on management's own assessment and may be subject to change upon a formal audit.
For a prospective franchisee, this number provides a snapshot of Browns Chicken's financial health as of that date. A higher number suggests a stronger financial position, but it's crucial to analyze the components of liabilities and equity to understand the underlying financial structure. Reviewing the liabilities can reveal the extent of Browns Chicken's debt obligations, while examining the equity section can show the level of investment from its owners and retained earnings. Browns Chicken also had a net income of $-6,273.26 as of March 30, 2025.
It would be prudent for a potential franchisee to compare this figure with previous years and industry benchmarks to assess Browns Chicken's financial performance and stability. Additionally, understanding the specific types of liabilities and equity, as well as the trends in these figures, can provide a more comprehensive view of the company's financial standing.