What was the reported amount of restricted cash for Chicken Guy as of December 31, 2023?
Chicken_Guy Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 29, December 31, | December 25, | ||
|---|---|---|---|
| 2024 2023 | 2022 | ||
| Cash | $ 256 $ | 1,405 $ | 18,762 |
| Restricted Cash | 37,500 | 37,500 | 37,500 |
| $ 37,756 $ | 38,905 $ | 56,262 |
Source: Item 23 — RECEIPTS (FDD pages 50–286)
What This Means (2025 FDD)
According to Chicken Guy's 2025 Franchise Disclosure Document, the amount of restricted cash as of December 31, 2023, was $37,500. This figure represents cash that is set aside for a specific purpose and is not available for general use by the company.
For a prospective franchisee, understanding the levels of restricted cash can provide insights into the financial health and obligations of Chicken Guy. High levels of restricted cash might indicate significant financial commitments or specific projects the company is undertaking.
It is important for potential franchisees to investigate the reasons behind the restricted cash and how it might affect the franchisor's ability to support its franchisees. This information can be crucial in assessing the overall financial stability and future prospects of the Chicken Guy franchise system.