What was the total reported value of assets for Browns Chicken in 2023?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached hereto as Exhibit A is Brown's audited balance sheet as of December 31, 2024, December 31, 2023, and December 31, 2022, and the Statement of Operations, Statement of Changes in Members' Equity, and Statement of Cash Flows for the years then ended.
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 sheets as of December 31, 2023, and December 31, 2022, are audited. However, the specific total value of assets for Browns Chicken in 2023 is not available in the provided excerpts.
While the excerpts include independent auditor's reports and descriptions of the financial statements, they do not contain the actual balance sheets detailing the asset values. The financial statements, including the balance sheets, are mentioned as being attached as Exhibit A, but the content of Exhibit A is not included in the provided excerpts.
A prospective franchisee should request a full copy of Exhibit A, containing the audited balance sheets, from Browns Chicken to review the company's assets, liabilities, and equity for 2023. This information is crucial for assessing the financial health and stability of the franchisor.