What was the amount of accounts receivable for 1-800-GOT-JUNK? as of December 31, 2024?

According to 1-800-GOT-JUNK?'s 2025 Franchise Disclosure Document, the company's accounts receivable, net of allowance for doubtful accounts, was $21,204,821 as of December 31, 2023. This figure is an increase from the $15,175,147 reported for the same period in 2022.

Accounts receivable represents money owed to 1-800-GOT-JUNK? by its customers. The allowance for doubtful accounts is an estimate of the amount of accounts receivable that the company does not expect to collect. The net accounts receivable is the difference between the total accounts receivable and the allowance for doubtful accounts.

For a prospective franchisee, understanding the accounts receivable and the allowance for doubtful accounts is crucial. It provides insight into the company's ability to collect payments from its customers and manage credit risk. A high level of accounts receivable could indicate that the company is having difficulty collecting payments, while a high allowance for doubtful accounts could suggest that the company is operating in a high-risk environment or has lenient credit policies. Reviewing these figures over time can reveal trends in 1-800-GOT-JUNK?'s financial health and operational efficiency.

It is important to note that these figures are from the consolidated balance sheets and reflect the overall financial position of 1-800-GOT-JUNK?. A potential franchisee should also investigate the accounts receivable and credit policies at the individual franchise level to gain a more complete understanding of the financial dynamics within the franchise system.