What is the total value of land owned by Churchs Chicken as of the date of this FDD?
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 owned by the company was recorded at two different dates. On December 31, 2023, the value of land was $74,741. Prior to that, on December 25, 2022, the value of land was $76,754.
These figures represent the book value of the land held by Churchs Chicken and its subsidiaries at those specific points in time. It's important to note that these values are based on accounting principles and may not reflect the current market value of the land. Market values can fluctuate due to various economic factors and local real estate conditions.
A prospective franchisee should understand that these land values are part of the overall financial picture of Churchs Chicken. While franchisees typically do not directly own the land on which their franchised restaurants are located (unless they negotiate specific terms), the financial health of the franchisor can impact the support and resources available to franchisees. Therefore, it is advisable to consult with a financial advisor to fully understand the implications of these figures.