What was the total value of Browns Chicken's vehicles 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 total value of vehicles in 2023 was $121,465. This figure represents the original cost of the vehicles Browns Chicken owned at that time, before accounting for any depreciation.
For a prospective franchisee, this information provides insight into the assets Browns Chicken possesses. While franchisees typically operate their own locations and own their own assets, understanding the franchisor's financial standing can be crucial. The value of vehicles, in particular, might reflect Browns Chicken's investment in supporting and overseeing franchise operations, such as for training or quality control visits.
It's important to note that this value does not indicate the condition or age of the vehicles. The net value of property and equipment, after accumulated depreciation, was $23,227 in 2023. Further investigation into the types of vehicles and their usage could provide a more complete picture of how Browns Chicken utilizes these assets to support its franchise network.