What was the reported cash and restricted cash at the end of the year for Chicken Guy?
Chicken_Guy Franchise · 2025 FDDAnswer from 2025 FDD Document
ents and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates under different assumptions or conditions.
Cash, Cash Equivalents and Restricted Cash
The Company considers all highly liquid debt investments with an initia
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 50)
What This Means (2025 FDD)
According to Chicken Guy's 2025 Franchise Disclosure Document, the combined cash and restricted cash at the end of 2024 was $37,756. For 2023, the combined total was $38,905, and in 2022, it was $56,262. These figures represent the total of the company's unrestricted cash and restricted cash reserves at the close of each fiscal year. The fiscal year ends on the Sunday closest to December 31st. These numbers are derived from the balance sheets included in the financial statements.
Specifically, the cash is maintained at various financial institutions and may, at times, exceed the federally insured limit of $250,000 per institution. Chicken Guy mitigates this risk by placing its funds with high credit quality financial institutions. The restricted cash is held separately and may be subject to specific usage requirements or legal limitations.
Prospective franchisees should consider these cash and restricted cash balances in the context of Chicken Guy's overall financial health and stability. Reviewing these figures over multiple years can provide insights into the company's ability to manage its finances and meet its obligations. It is also important to understand the nature and purpose of the restricted cash, as this may impact the company's flexibility in using these funds.