What was the amount of sublease income Chick Fil A received in 2023?
Chick_Fil_A Franchise · 2025 FDDAnswer from 2025 FDD Document
| Change in Fair | |||||
|---|---|---|---|---|---|
| Value of | Accumulated | ||||
| Post | Foreign | Derivative | Other | ||
| retirement | Currency | Financial | Comprehensive | ||
| Pension Plans | Medical Plan | Translation | Instruments | (Loss) Earnings | |
| Balance at January 1, 2022 | $ (221,586,591) | $ (51,933,733) | $ 486,255 | $ (6,412,075) | $ (279,446,144) |
| Change during period | 9,350,847 | 51,770,834 | (1,806,176) | 7,228,234 | 66,543,739 |
| Reclassification to net | |||||
| earnings | 11,681,650 | 1,399,174 | — | 1,889,157 | 14,969,981 |
| Balance at December 31, | |||||
| 2022 | $ (200,554,094) | $ 1,236,275 | $(1,319,921) | $ 2,705,316 | $ (197,932,424) |
| Change during period | 26,696,282 | (12,453,710) | 2,197,613 | — | 16,440,185 |
| Reclassification to net | |||||
| earnings | 8,497,288 | 524,778 | — | (2,705,316) | 6,316,750 |
| Balance at December 31, | |||||
| 2023 | $ (165,360,524) | $ (10,692,657) | $ 877,692 | $ — | $ (175,175,489) |
| Change during period | (129,737,411) | 23,404,327 | (4,386,900) | — | (110,719,984) |
| Reclassification to net | |||||
| earnings | 12,093,714 | 525,202 | — | — | 12,618,916 |
| Balance at December 31, | |||||
| 2024 | $ (283,004,221) | $ 13,236,872 | $(3,509,208) | $ — | $ (273,276,557) |
9. Related-Party Transactions
The Company provides accounting, tax, consulting, and other related services to certain of our related-party affiliates. We are reimbursed for all payroll and other operating costs associated with the performance of such se
Source: Item 23 — Receipts (FDD pages 103–600)
What This Means (2025 FDD)
According to Chick Fil A's 2025 Franchise Disclosure Document, there is no specific mention of sublease income received by Chick Fil A in 2023. However, the document does detail related-party transactions where Chick Fil A provides services to affiliates and is reimbursed. The amounts earned for these services were approximately $6,787,000 in 2023.
Additionally, the document mentions that Chick Fil A engages in land leases with a company whose shareholders are related to Chick Fil A's shareholders or management. In 2024, after acquiring Dwarf House Group, LLC, lease payments totaling $397,000 were made between a wholly-owned subsidiary and the related party.
While these transactions involve leasing and related income, they are not specifically categorized as "sublease income." A prospective franchisee should ask Chick Fil A for clarification on any sublease income it may have received in 2023, as this information is not explicitly provided in this document. Understanding the details of Chick Fil A's sublease income could be important for assessing the financial health and stability of the company.