What was the reported inventory value for Churchs Chicken 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 |
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 35–43)
What This Means (2025 FDD)
I am unable to provide the inventory value for Churchs Chicken in 2020, as the provided 2025 Franchise Disclosure Document does not include this specific data. The document does include balance sheets from December 31, 2023, and December 25, 2022, which list inventory values of $735,000 and $700,000, respectively.
While the FDD offers insight into Churchs Chicken's more recent financial status, it lacks historical data from 2020. For prospective franchisees, understanding the inventory values from previous years could be beneficial in assessing trends and potential financial performance.
To obtain the inventory value for 2020, a prospective Churchs Chicken franchisee should directly request this information from the franchisor. This request can be part of a broader due diligence process to gain a comprehensive understanding of the franchise's financial history.