What was the total value of Browns Chicken's other assets in 2024?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
Caboor & Company
Catalano, Caboor & Co. Lombard, IL
April 30, 2025
BROWN'S CHICKEN, LLC CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2024 AND 2023
ASSETS
| 2024 | 2023 | |
|---|---|---|
| CURRENT ASSETS: | ||
| Cash and Cash Equivalents |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Browns Chicken's 2025 Franchise Disclosure Document, the total value of other assets for the company in 2024 was $398,986. These assets are categorized as "Goodwill" on the consolidated balance sheet. The 2023 value for other assets was also $398,986.
Goodwill typically represents the intangible assets acquired in a business combination, such as brand reputation or customer relationships. It's important to note that goodwill is subject to impairment testing, and its value can be adjusted downward if it is determined that the fair value of the acquired business has declined.
For a prospective Browns Chicken franchisee, understanding the composition and valuation of the franchisor's assets is crucial. While goodwill doesn't directly impact day-to-day operations, it reflects the overall financial health and stability of the company. Franchisees should consider this information in conjunction with other financial metrics to assess the long-term viability of the franchise system.