What is the total value of Churchs Chicken's land, buildings and improvements, and equipment?
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, buildings and improvements, and equipment can be found in the consolidated balance sheets. As of December 31, 2023, the value of land was $74,741, buildings and improvements was $40,012, and equipment was $25,175. As of December 25, 2022, the value of land was $76,754, buildings and improvements was $36,513, and equipment was $21,716. These figures represent Churchs Chicken's financial position at these specific points in time.
It is important to note that these values are subject to change over time due to factors such as depreciation, market conditions, and new investments. The 'Less accumulated depreciation' line item reflects the reduction in value of these assets over time. Additionally, the 'Construction-in-progress' line indicates ongoing investments in new or improved properties and equipment.
A prospective Churchs Chicken franchisee should understand these figures as indicators of the company's asset base and financial health. Reviewing these values over multiple years, as presented in the FDD, can provide insights into the company's investment trends and asset management practices. However, this information does not reflect the financial requirements of opening a franchise location.