What was the total revenue for the Chicken Guy franchise in 2022?
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, |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 50)
What This Means (2025 FDD)
According to Chicken Guy's 2025 Franchise Disclosure Document, the total revenue for 2022 was $265,956. This revenue is comprised of franchise fees totaling $8,500 and royalties amounting to $257,456.
It's important to note that Chicken Guy's fiscal year ends on the Sunday closest to December 31st. Therefore, the financial results for 2022 actually cover the 52-week period ending on December 25, 2022. This is a common practice, but prospective franchisees should be aware of the specific accounting period when reviewing financial performance.
Understanding the composition of Chicken Guy's revenue—specifically the breakdown between franchise fees and royalties—is crucial for potential franchisees. Franchise fees are typically one-time payments, while royalties represent ongoing revenue tied to the sales performance of existing franchise locations. The FDD also notes that in 2022, two new franchise locations opened, and no franchises closed.