What was the total current assets for Hck Hot Chicken in 2023?
Hck_Hot_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
illor, as Lynchburg, Virginia February 14, 2024
| Assets | 2023 | 2022 | ||
|---|---|---|---|---|
| Current Assets | ||||
| Cash and cash equivalents | $ | 234,815 | $ | 168,007 |
| Accounts receivable | 146 | 44,908 | Ů. | 111,504 |
| Franchis |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
According to Hck Hot Chicken's 2025 Franchise Disclosure Document, the company's total current assets in 2023 were $796,639. This figure represents the sum of cash and cash equivalents, accounts receivable, franchise receivable, and prepaid expenses that Hck Hot Chicken possessed at that time. Reviewing the assets can provide insight into the company's financial health and its ability to meet short-term obligations.
For a prospective franchisee, understanding the franchisor's asset position can be useful in assessing the stability and resources of Hck Hot Chicken. Strong current assets suggest that the company is well-positioned to support its franchisees and invest in future growth. Conversely, lower asset levels might raise concerns about the franchisor's ability to provide adequate support or navigate economic challenges.
It's important to note that while current assets are a valuable indicator, they should be considered alongside other financial metrics and qualitative factors when evaluating a franchise opportunity. A comprehensive review of Hck Hot Chicken's financial statements, including liabilities, equity, and cash flow, will provide a more complete picture of the company's financial standing.