What was the reported value of Chesters' prepaid expenses?
Chesters Franchise · 2025 FDDAnswer from 2025 FDD Document
e reported to the Federal Trade Commission, Washington, D.C. 20580 and the appropriate state agency identified on Exhibit A.
The franchisor is Chester's International, LLC, currently located at 1531 3rd Avenue North, Suite 110, Birmingham, Alabama 35203. Its telephone number is (800) 646-9403.
| CURRENT ASSETS | |||
|---|---|---|---|
| Cash | $ 2,515,674 | $ 2,392,340 | |
| Accounts receivable, net of allowance for | |||
| doubtful accounts | 5,299,346 | 3,735,366 | |
| Due from related parties | 1,117,539 | 684,044 | |
| Inventories, net | 1,247,308 | 1,130,712 | |
| Prepaid expenses | 49,815 | 101,200 | |
| Total current assets | 10,229,682 | 8,043,662 | |
| PROPERTY AND EQUIPMENT, NET | 878,6 |
Source: Item 23 — **RECEIPTS (FDD pages 48–197)
What This Means (2025 FDD)
According to Chesters' 2025 Franchise Disclosure Document, the company's prepaid expenses are detailed in the provided financial statements. The financial statement provides a snapshot of the company's assets, liabilities, and equity.
Specifically, the statement lists prepaid expenses as $49,815. This figure represents payments Chesters has made for goods or services that will be received in the future. These are considered current assets, reflecting their expected short-term benefit to the company.
Understanding the value of prepaid expenses can help a prospective franchisee assess Chesters' financial health and stability. Reviewing these figures in comparison to previous years and industry benchmarks can provide further insights.