What was the net loss for Hck Hot Chicken as of December 31, 2023?
Hck_Hot_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
t income (loss) | $ | 119,579 | $ ( | 5.953 |
| Balance at December 31, 2022 | S | 287,879 | $ ( | 24,586 | ) | $ | 263,293 | ||
|---|---|---|---|---|---|---|---|---|---|
| Net loss | - | ( | 5,953 | ). | ( | 5,953 | ) | ||
| Balance at December 31, 2023 | $ | 287,879 | $ ( | 30,539 | ) | $ | 257,340 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
According to Hck Hot Chicken's 2025 Franchise Disclosure Document, the net loss as of December 31, 2023, was $5,953. This figure contributes to a balance of $257,340 at the end of 2023, after starting with a balance of $263,293 at the end of 2022.
For a prospective franchisee, this indicates the financial performance of Hck Hot Chicken during that period. It's important to note that this net loss is a snapshot of the company's financial health at that specific time and may not be indicative of future performance. Franchisees should consider this information in conjunction with other financial data and market analysis to assess the potential profitability of a Hck Hot Chicken franchise.
It is also important to note that the FDD includes financial statements that cover multiple years, allowing potential franchisees to review trends and assess the overall financial stability and performance of Hck Hot Chicken over time. Reviewing these trends can provide a more comprehensive understanding of the franchise's financial trajectory than looking at a single year in isolation.