What was the total liabilities and members' equity for Browns Chicken in 2023?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
tegral part of these financial statements)
BROWN'S CHICKEN, LLC CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2023 AND 2022
LIABILITIES AND MEMBERS' EQUITY
| 2023 | 2022 | ||
|---|---|---|---|
| CURRENT LIABILITIES: | |||
| Accounts Payable | $ 16,968 | $ 11,819 | |
| Accounts Payable - VIE | 5,356 | 3,334 | |
| Accrued Payroll | 3,411 | 3,342 | |
| Notes Payable, Current | - | 4,446 | |
| Total Current Liabilities | 25,735 | 22,941 | |
| NON-CURRENT LIABILITIES: | |||
| Notes Payable, Non-Current | - | - | |
| Total Non-Current Liabilities | - | - | |
| Total Liabilities | 25,735 | 22,941 | |
| EQUITY: | |||
| Members' Equity (Page 5) | 533,296 | 512,892 | |
| 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 consolidated balance sheet for 2023 shows the company's total liabilities and members' equity. This figure represents the sum of all the company's debts (liabilities) and the value of the ownership stake (members' equity). This provides a snapshot of the company's financial health and how it is financed.
In 2023, Browns Chicken's total liabilities and members' equity amounted to $646,167. This figure is comprised of several components. The current liabilities, which are debts due within a year, totaled $25,735. The members' equity, representing the owners' stake in the company, was $533,296, with an additional non-controlling interest of $87,136. The sum of the members' equity and non-controlling interest resulted in a total members' equity of $620,432.
Understanding the breakdown of liabilities and equity can be useful for a prospective franchisee. It shows how much the company owes to others (liabilities) versus how much is invested by the owners (equity). A higher equity stake can indicate a more stable financial foundation. Reviewing these figures over time, as the FDD provides data for 2022 as well, can reveal trends in the company's financial management and growth.