What was the total value of Browns Chicken's prepaid expenses in 2023?
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 | $ 37,437 | $ 78,676 |
| Cash - VIE | 20,532 | 65,330 |
| Accounts Receivable (Net of Allowance for Doubtful | ||
| Accounts of $0 in 2024 and $7,999 in 2023) | 21,293 | 43,420 |
| Accounts Receivable - VIE (Net of Allowance for | ||
| Doubtful Accounts of $0 in 2024 and $0 in 2023) | 14,423 | 24,810 |
| Uniform & Equipment Inventory | 4,625 | 4,968 |
| Prepaid Expenses |
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 their prepaid expenses in 2023 was $6,750. Prepaid expenses are payments made in advance for goods or services that will be received in the future, such as insurance premiums or rent. This figure is part of the company's current assets, which totaled $223,954 in 2023.
For a prospective Browns Chicken franchisee, understanding the franchisor's prepaid expenses can offer insights into their financial management and obligations. Prepaid expenses are a normal part of business operations, but significant fluctuations from year to year could warrant further investigation.
It's important to note that this figure reflects Browns Chicken's corporate level prepaid expenses and not those of individual franchisees. Franchisees will also have their own prepaid expenses related to their specific business operations.