What was the value of Churchs Chicken's construction-in-progress in the previous year?
Churchs_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
| Land | $ | 67,885 | 8 | 74,741 |
|---|---|---|---|---|
| Buildings and improvements | 41,174 | 40,012 | ||
| Equipment | 32,652 | 25,175 | ||
| Construction-in-progress | 2,234 143,945 | 1,402 141,330 | ||
| Less accumulated depreciation | (32,154) | (21.288) | ||
| S | 111,791 | $ | 120,042 |
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 their construction-in-progress was $1,402 as of December 31, 2023. This figure represents the costs incurred for projects that were still underway and not yet completed at the end of the fiscal year. The construction-in-progress is part of the property and equipment assets.
For a prospective franchisee, this indicates Churchs Chicken's ongoing investment in new or renovated locations. Monitoring the construction-in-progress value over time can provide insights into the company's expansion and development activities. A higher value might suggest more aggressive growth plans, while a lower value could indicate a more conservative approach.
It's important to note that these figures are part of Churchs Chicken's overall financial statements, and understanding the context of these numbers requires a broader review of their financial health and strategic direction. Franchisees may want to inquire about specific construction projects and their potential impact on the brand's growth and market presence.