What was the reported value of Churchs Chicken's land holdings as of December 31, 2023?
Churchs_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
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| Land | $ | 74,741 | $ | 76,754 |
|---|---|---|---|---|
| Buildings and improvements | 40,012 | 36,513 | ||
| Equipment | 25,175 | 21,716 | ||
| Construction-in-progress | 1,402 141,330 | 2,198 137,181 | ||
| Less accumulated depreciation | (21 |
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 value of land holdings as of December 31, 2023, was $74,741. This figure is part of the consolidated financial statements of Cajun Global LLC and its subsidiaries, which include Churchs Chicken. The land value is listed under property and equipment, net, which totaled $120,042 as of that date.
This indicates the value of land owned directly by Churchs Chicken or its parent company. It's important to note that this figure does not represent the value of land owned by individual franchisees. Franchisees typically lease their restaurant locations, although some may own the land and building.
A prospective franchisee should consider this information in the context of Churchs Chicken's overall financial health and real estate strategy. Understanding the company's land holdings can provide insights into its long-term investments and potential for growth. It's also advisable to inquire about the typical real estate arrangements for new franchise locations and the support Churchs Chicken provides in site selection and lease negotiation.