What was the net income for Chicken Guy in the year ended December 29, 2024?
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 net income for the year ended December 29, 2024, was $852,681. The FDD also provides net income figures for the years ended December 31, 2023, and December 25, 2022, which were $467,680 and $57,174, respectively. This shows a substantial increase in net income for Chicken Guy over the three-year period.
In addition to net income, the FDD provides details on Chicken Guy's revenues and expenses. For the year ended December 29, 2024, total revenues were $1,189,784, consisting of $394,333 in franchise fees and $795,451 in royalties. General and administrative expenses for the same period totaled $337,103. These figures offer insight into the revenue streams and cost structure of the Chicken Guy franchisor business.
Prospective franchisees should consider these financial results in the context of the overall business model and market conditions. While the increase in net income is positive, it's important to understand the factors driving this growth and whether it is sustainable. Reviewing the complete financial statements and discussing these figures with the franchisor can provide a more comprehensive understanding of the financial health and potential of a Chicken Guy franchise.