What was the total value of 'TOTAL ASSETS' for Browns Chicken as of March 30, 2025?
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.
Also attached as Exhibit A is Brown's unaudited balance as of March 30, 2025, and its Statement of Operations for the 2 months ended on March 30, 2025.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the excerpts provided contain balance sheets for Browns Chicken as of December 31, 2024, December 31, 2023, and December 31, 2022. The excerpts also mention an unaudited balance sheet as of March 30, 2025. However, the specific value for 'TOTAL ASSETS' as of March 30, 2025, is not present in the provided excerpts.
For a prospective franchisee, knowing the total assets of Browns Chicken can provide insights into the company's financial stability and overall health. This information, combined with liabilities and equity, paints a picture of the company's net worth and its ability to meet its financial obligations.
To get a clear understanding of Browns Chicken's financial position as of March 30, 2025, a prospective franchisee should specifically request the unaudited balance sheet for that date, including the 'TOTAL ASSETS' figure, from the franchisor. This will allow for a more informed decision about investing in the franchise.