What were the total revenues for Chicken Guy in 2023?
Chicken_Guy Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenues | ||||
| Franchise Fees | $ 394,333 | $ 46,667 | $ 8,500 | |
| Royalties | 795,451 | 490,037 | 257,456 | |
| Total Revenues | 1,189,784 | 536,704 | 265,956 | |
| Expenses | ||||
| General and Administrative | 337,103 | 69,024 | 208,782 | |
| Net Income | 852,681 | 467,680 | 57,174 | |
| Member's Equity, Beginning of Year | 592,668 | 124,988 | 67,814 | |
| Member's Equity, End of Year | $ 1,445,349 | $ 592,668 | $ 124,988 |
Source: Item 23 — RECEIPTS (FDD pages 50–286)
What This Means (2025 FDD)
According to Chicken Guy's 2025 Franchise Disclosure Document, the total revenues for 2023 were $536,704. This figure represents the combined income from franchise fees and royalties that Chicken Guy received during that year. Franchise fees totaled $0, as there is a blank entry in the table, and royalties amounted to $490,037.
It's important to note that these revenue figures reflect Chicken Guy's income as the franchisor, not the sales generated by individual Chicken Guy franchise locations. The revenues are derived from fees and royalties paid by franchisees for the right to operate under the Chicken Guy brand and utilize its system. These revenues are used to cover Chicken Guy's operational expenses and contribute to its net income.
For a prospective franchisee, understanding the franchisor's revenue trends can provide insights into the overall health and growth of the Chicken Guy franchise system. Reviewing the franchisor's financial statements, including revenue, expenses, and net income, is a crucial step in assessing the financial stability and potential risks associated with investing in a Chicken Guy franchise. Comparing these figures across multiple years, as presented in the table, can reveal important trends and inform the franchisee's decision-making process.