What is the total member's equity for Lees Famous Recipe?
Lees_Famous_Recipe Franchise · 2025 FDDAnswer from 2025 FDD Document
tanding | 1,989 | - | | 1,989 | | Additional paid-in capital | 11,998,011 | - | - | 11,998,011 | | Accumulated deficit | (839,693) | - | - | (839,693) | | Member's equity | - | 11,056,425 | (11,056,425) | - | | Total equity | 11,160,307 | 11,056,425 | (11,056,425) | 11,160,307 | | Total Liabilities and Equity | $ 11,171,512 | $ 47,968,705 | $ (11,056,425) | $ 48,083,792 |
ARTEMIS RESTAURANT CORP. LFR CHICKEN, LLC CONSOLIDATING BALANCE SHEETS DECEMBER 31, 2023
| LFR Chicken | Lee's Distribution | Lee's Franchisor | Lee's Franchisor Canada Ltd. | Lee's 4-Wall LLC | LFRC RE Holdings, LLC | Elimination | LFR Chicken, LLC Total | |
|---|---|---|---|---|---|---|---|---|
| Current Assets: | ||||||||
| Cash and cash equivalents | $ 6,364,658 | $ (73,903 | $ 82,561 | $ 329,014 | $ 221,476 | $ - | $ 6,923,806 | |
| Royaltie |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 69)
What This Means (2025 FDD)
According to the 2025 FDD, the consolidated financial statement for LFR Chicken, LLC shows the member's equity as $11,912,485. The total equity for LFR Chicken, LLC is listed as $11,912,485. The total liabilities and equity is $49,251,237.
These figures represent the overall financial health and ownership structure of LFR Chicken, LLC, which includes Artemis, LFR Chicken, and its subsidiaries. Member's equity reflects the investment and retained earnings attributable to the owners of the company. Total equity encompasses all ownership interests, while total liabilities and equity represents the sum of all obligations and ownership stakes in the company.
A prospective franchisee should review these figures in the context of the entire financial statement and consult with a financial advisor to understand the implications for their investment. Understanding the equity structure and the overall financial position of Lees Famous Recipe is crucial for assessing the stability and potential returns of the franchise.