For what years are the audited financial reports provided for Browns Chicken, LLC?
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)
According to Browns Chicken's 2025 Franchise Disclosure Document, the audited financial reports include balance sheets, statements of operations, changes in members' equity, and cash flow statements. These are provided for the years ending December 31, 2024, December 31, 2023, and December 31, 2022.
In addition to the audited reports, Browns Chicken also includes an unaudited balance sheet as of March 30, 2025, and a statement of operations for the two months ending on that date. This provides a more current snapshot of the company's financial position, although it has not been subjected to the same level of scrutiny as the audited statements.
Prospective franchisees should carefully review all of these financial statements, paying close attention to trends in revenue, expenses, and profitability. Comparing the audited results from 2022, 2023, and 2024 can reveal important insights into the financial health and stability of Browns Chicken. The unaudited statement for early 2025 can offer a glimpse into more recent performance, but it's important to remember that these figures are preliminary and have not been verified by an independent auditor.