What was the total value of Churchs Chicken's assets as of December 25, 2022?
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)
According to Churchs Chicken's 2025 Franchise Disclosure Document, the company's total assets as of December 25, 2022, were $549,301. This figure represents the sum of Churchs Chicken's current assets, such as cash, accounts receivable, and inventory, and its long-term assets, including property, equipment, and intangible assets like trademarks and goodwill.
For a prospective franchisee, this number provides a snapshot of the overall financial size and scope of Churchs Chicken. A substantial asset base can indicate financial stability and the capacity to support its franchise network. It is important to note that this is a consolidated figure, reflecting the assets of Cajun Global LLC and its subsidiaries, not just the Churchs Chicken brand alone.
When evaluating this information, a potential franchisee should also consider the liabilities and equity components of the balance sheet. A high asset value is only beneficial if it is not offset by an equally high level of debt. Reviewing the relationship between assets, liabilities, and equity provides a more complete picture of Churchs Chicken's financial health and its ability to meet its obligations and support its franchisees.