What was the total value of cash and cash equivalents held by Browns Chicken in 2023?
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 in 2022) | 24,810 | 19,649 | ||
| Uniform & Equipment Inventory | 4,968 | 4,373 | ||
| Prepaid Expenses | 6,750 | 1,952 | ||
| Total Current Assets | 223,954 | 175,807 | ||
| PROPERTY AND EQUIPMENT: | ||||
| Equipment | 44,834 | 44,834 | ||
| Vehicles | 121,465 | 110,801 | ||
| Subtotal | 166,299 | 155,635 | ||
| Less Accumulated Depreciation | (143,072) | (131,359) | ||
| Net, Property and Equipment | 23,227 | 24, |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Browns Chicken's 2025 Franchise Disclosure Document, the company's consolidated balance sheets show that cash and cash equivalents totaled $78,676 in 2023. Additionally, Browns Chicken held $65,330 in cash within a Variable Interest Entity (VIE).
These figures reflect the total cash readily available to Browns Chicken for operational expenses, investments, and other financial obligations. A prospective franchisee should consider these values in relation to the company's overall financial health and stability.
The FDD also includes the cash and cash equivalents for 2022, which totaled $60,971, and cash in VIE of $42,971. Comparing these figures year-over-year can provide insight into Browns Chicken's cash management and financial performance trends. Browns Chicken's total assets in 2023 were $646,167.