What was the net value of Churchs Chicken's property and equipment in 2020?
Churchs_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
, 2024
2312-4393389
2
A member firm of Ernet & Young Global Ermited
| Dec | December 31, 2023 | December 25, 2022 | ||||
|---|---|---|---|---|---|---|
| Assets | - | |||||
| Current assets: | ||||||
| Cash and cash equivalents | S | 4,189 | $ | 2,640 | ||
| Restricted cash | 2,163 | 3,066 | ||||
| Accounts receivable, net | 6,351 | 7,388 | ||||
| Inventory | 735 | 700 | ||||
| Prepaid expenses and other | 4,493 | 935 | ||||
| Due from member | 58,588 | 36,281 | ||||
| Total current assets | 76,519 | 51,010 | ||||
| Long-term assets: | ||||||
| Property and equipment, net | 120,042 | 125,723 | ||||
| Finance lease right-of-use assets | 7.131 | 7,586 | ||||
| Operating lease right-of-use assets | 24,221 | 26,800 | ||||
| Trademarks and other intangible assets, net | 294,128 | 303,260 | ||||
| Goodwill, net | 30,160 | 33,930 | ||||
| Other assets, net | 1,389 | 992 | ||||
| Tot |
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 35–43)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the provided financial statements for Churchs Chicken do not include the net value of property and equipment for the year 2020. The balance sheets provided only detail the net property and equipment values for 2021 ($111,791) 2022 ($125,723) and 2023 ($120,042).
Without the specific figure for 2020, it's impossible to determine the exact value of Churchs Chicken's property and equipment for that year from this document. Property and equipment typically include items such as buildings, land, machinery, and vehicles, less any accumulated depreciation. The net value reflects the book value of these assets after accounting for depreciation.
A prospective Churchs Chicken franchisee should request the specific net value of property and equipment for 2020 from the franchisor to gain a clearer understanding of the company's asset values during that period. This information can be crucial for assessing the financial health and historical performance of Churchs Chicken.