What was the reported value of buildings and improvements for Churchs Chicken in the provided table?
Churchs_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
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| Land | S | 67,885 | 8 | 74,741 |
|---|---|---|---|---|
| Buildings and improvements | 41,174 | 40,012 | ||
| Equipment | 32,652 | 25,175 | ||
| Construction-in-progress | 2,234 143,945 | 1,402 141,3 |
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 35–43)
What This Means (2025 FDD)
According to Churchs Chicken's 2025 Franchise Disclosure Document, the reported value of buildings and improvements is detailed in a table presenting financial data. The table indicates that the value of buildings and improvements was $41,174. This figure represents the company's investment in its physical structures and enhancements.
For a prospective franchisee, understanding the value of buildings and improvements can provide insight into the scale and nature of Churchs Chicken's physical assets. It is important to note that this value does not reflect the costs a new franchisee would incur to secure and improve a location.
This number is part of a larger balance sheet that includes land, equipment, and construction-in-progress, as well as accumulated depreciation. Reviewing the complete financial statement will give potential franchisees a more comprehensive understanding of Churchs Chicken's financial position.