What was the total value of Browns Chicken's other assets in 2022?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
lano,Caboor & Co.*
Catalano, Caboor & Co. Lombard, IL
March 31, 2024
BROWN'S CHICKEN, LLC CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2023 AND 2022
ASSETS
| 2023 | 2022 | |||
|---|---|---|---|---|
| CURRENT ASSETS: | ||||
| Cash and Cash Equivalents | $ | 78,676 | $ | 60,971 |
| Cash - VIE | 65,330 | 42,971 | ||
| Accounts Receivable (Net of Allowance for Doubtful | ||||
| Accounts of $7,999 in 2023 and $8,588 in 2022) | 43,420 | 45,891 | ||
| Accounts Receivable - VIE (Net of Allowance for | ||||
| Doubtful Accounts of $0 in 2023 and $0 |
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 list several asset categories for 2022, but do not include a line item specifically labeled "other assets." To determine the total value of Browns Chicken's other assets, a prospective franchisee would need to review the complete balance sheet and identify any asset categories not explicitly listed.
The balance sheet does include figures for cash and cash equivalents ($60,971), cash held by a Variable Interest Entity or VIE ($42,971), accounts receivable net of allowance ($45,891), accounts receivable from the VIE ($19,649), uniform and equipment inventory ($4,373), and prepaid expenses. Any assets not falling into these categories would need to be identified from the full financial statements to calculate the "other assets" total.
Without the full balance sheet, it's impossible to provide the precise figure for Browns Chicken's other assets in 2022. A potential franchisee should request the complete audited financial statements from Browns Chicken to fully understand the company's asset composition and financial health. This information is crucial for making an informed investment decision.