What was the total value of Churchs Chicken's long-term assets in 2021?
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)
According to Churchs Chicken's 2025 Franchise Disclosure Document, the total value of the company's long-term assets in 2021 was $462,577. Long-term assets include items such as property and equipment, net finance lease right-of-use assets, operating lease right-of-use assets, trademarks and other intangible assets, net goodwill, and other assets, net.
A franchisee should understand the composition and valuation of these long-term assets, as they reflect the financial health and investment in the Churchs Chicken brand. These assets are critical for the ongoing operations and future growth of the company, which in turn can affect the support and resources available to franchisees.
Prospective franchisees should consider these figures in relation to the overall financial stability of Churchs Chicken. A significant portion of these assets are intangible, such as trademarks and goodwill, which can be subject to market fluctuations and brand perception. Understanding the balance between tangible and intangible assets can provide insights into the risk and potential rewards of investing in a Churchs Chicken franchise.