What was the total value of assets for Chicken Guy in 2023?
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 |
Source: Item 23 — RECEIPTS (FDD pages 50–286)
What This Means (2025 FDD)
According to Chicken Guy's 2025 Franchise Disclosure Document, the provided table includes financial data for 2023. However, the total assets for 2023 are not listed in the table. The table does include the total current assets, which were $2,134,501 in 2023.
Without the total asset figure, prospective franchisees cannot fully assess Chicken Guy's financial health and stability. Understanding the composition of assets (current, fixed, intangible, etc.) is crucial for evaluating the company's ability to meet its financial obligations and support its franchisees.
It is important for potential franchisees to request the complete financial statements, including the total asset value for 2023, from Chicken Guy. This information will allow for a more informed decision about investing in the franchise. Franchisees should also inquire about the reasons for any significant changes in asset values from year to year, as this could indicate potential financial risks or opportunities.