What was the total value of Churchs Chicken's assets in 2020?
Churchs_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
| Assets | - | 2021 | 1010 | |
|---|---|---|---|---|
| Current assets: | ||||
| Cash and cash equivalents | S | 3,551 | $ | 4,189 |
| Restricted cash | 2,058 | 2,163 | ||
| Accounts receivable, net | 8,210 | 6,351 | ||
| Inventory | 820 | 735 | ||
| Prepaid expenses and other | 468 | 4.493 | ||
| Due from member | 75,691 | 58,588 | ||
| Total current assets | 90,798 | 76,519 | ||
| Long-term assets: | ||||
| Property and equipment, net | 111,791 | 120,042 | ||
| Finance lease right-of-use assets | 13,266 | 7,131 | ||
| Operating lease right-of-use assets | 24,572 | 24,221 | ||
| Trademarks and other intangible assets, net | 285,311 | 294,128 | ||
| Goodwill | 26,390 | 30,160 | ||
| Other assets, net | 1,247 | 1,389 | ||
| Total |
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 total asset value for the year 2020. The balance sheets included in the FDD provide figures for 2021, 2022, and 2023.
Specifically, the total assets for 2021 were $553,375 and for 2022 were $553,590. The document details various asset categories, such as current assets (including cash, restricted cash, accounts receivable, and inventory) and long-term assets (including property, equipment, intangible assets, and goodwill). These figures offer a detailed snapshot of the company's financial position in those years.
A prospective franchisee would need to request the 2020 asset value directly from Churchs Chicken to fully understand the brand's financial trends and stability prior to making an investment decision. Understanding the asset values over several years can help in assessing the financial health and growth trajectory of the company.