What was the net income for Chicken Guy in 2023?
Chicken_Guy Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current Assets | |||
| Cash | $ 256 | $ 1,405 | $ 18,762 |
| Royalty Receivables, Net | 127,714 | 237,320 | 42,689 |
| Due from Related Parties | 2,618,604 | 1,895,776 | 1,577,037 |
| Total Current Assets | 2,746,574 | 2,134,501 | 1,638,488 |
| Restricted Cash | 37,500 | 37,500 | 37,500 |
| Contract Assets | 187,250 | 127,500 | 127,500 |
| Total Assets | $ 2,971,324 | $ 2,299,501 | $ 1,803,488 |
| LIABILITIES AND MEMBER'S EQUITY | |||
| Current Liabilities | |||
| Accounts Payable | $ 60,000 | $ - | $ - |
| Due to Franchisee | 200,000 | - | - |
| Due to Related Party | 33,476 | - | - |
| Customer Deposits | 55,000 | 95,000 | 100,000 |
| Contract Liabilities, Current Portion | 18,500 | 41,500 | 16,000 |
| Total Current Liabilities | 366,976 | 136,500 | 116,000 |
| Contract Liabilities, Long-Term Portion | 1,158,999 | 1,570,333 | 1,562,500 |
| Total Liabilities | 1,525,975 | 1,706,833 | 1,678,500 |
| Member's Equity | 1,445,349 | 592,668 | 124,988 |
| Total Liabilities and Member's Equity | $ 2,971,324 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 50)
What This Means (2025 FDD)
According to Chicken Guy's 2025 Franchise Disclosure Document, the company's net income for the year 2023 was $467,680. This figure reflects the profitability of the Chicken Guy franchisor operations for that specific year.
This net income figure is an important indicator of the financial health and stability of Chicken Guy. Prospective franchisees may use this information to assess the franchisor's ability to support its franchisees and invest in the growth of the brand. A higher net income generally suggests a more stable and successful franchisor.
It's also useful to compare Chicken Guy's net income over multiple years to identify trends. In this case, the FDD includes net income figures for 2024 ($852,681) and 2022 ($57,174), allowing potential franchisees to see how the company's profitability has changed over time. Reviewing these trends can provide a more comprehensive understanding of the franchisor's financial performance and potential for future success.