What was the total partner's draw 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's draw as of March 30, 2025, was reported as -$926,082.25. This figure represents the cumulative draws taken by all partners from January 1 through March 30, 2025.
The financial statement also lists individual partner draws. James Garvey, Tim Falconio, and Tom Kennefick each had a partner's draw of -$115,760.28, -$115,760.28 and -$231,520.56 respectively. Pop Grip's partner draw was -$463,041.13. These individual draw amounts contribute to the total partner's draw.
It is important to note that these draws are reflected as negative values, indicating a reduction in the company's equity. Additionally, the balance sheet shows a retained earnings of $972,349.79 and a net income of -$6,273.26 for the same period. These figures provide a broader context of the company's financial performance during this period. A prospective franchisee should consider these figures in totality to understand the financial health of Browns Chicken.