What was the total value of liabilities reported for Chicken Guy in the provided financial statement?

According to Chicken Guy's 2025 Franchise Disclosure Document, the total liabilities for 2024, 2023, and 2022 were detailed in the balance sheets. Specifically, the total liabilities for Chicken Guy were $1,525,975 in 2024, $1,706,833 in 2023, and $1,678,500 in 2022. These figures represent the sum of current liabilities and long-term contract liabilities for each of those years.

For a prospective franchisee, understanding the franchisor's liabilities is crucial as it provides insight into the financial stability and obligations of Chicken Guy. Higher liabilities could indicate greater financial risk, while lower liabilities might suggest a more stable financial position. It is important to consider these figures in conjunction with the assets and equity to get a comprehensive view of the company's financial health.

The current liabilities include accounts payable, amounts due to franchisees and related parties, customer deposits, and the current portion of contract liabilities. Long-term contract liabilities primarily consist of deferred revenue from franchise fees that will be recognized over the term of the franchise agreements. Reviewing the trends in these liabilities over the three years can help a franchisee assess how Chicken Guy manages its financial obligations and deferred revenue.

It is also important to note that the financial statements are audited by an independent auditor, providing an additional level of assurance regarding their accuracy and reliability. The auditor's report expresses an opinion on the fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America.