What was the amount of due from related parties for 1-800-GOT-JUNK? as of December 31, 2024?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
Years ended December 31, 2024 and 2023
- Related party balances and transactions: (a) Related party balances: Balances with related parties as at December 31 are as follows:
Due from related parties: O2E Brands Inc. $ 3,418,155 $ 1,832,287 1500647 Limited Partnership 25,352
WOW 1 DAY PAINTING LLC 9,442 11,439 1-800-GOT-JUNK? Commercial Services (Australia) Pty Ltd 8,725
Shack Shine Home Services LLC 7,149 158,906 0766143 BC Ltd. 2,197
Flywheel Accelerator USA Inc. 1,061 1,600 Shack Shine Home Services Inc.
WOW 1 DAY PAINTING Inc. 5,986
$ 3,473,487 $ 2,010,218 1-800-GOT-JUNK? LLC Notes to Consolidated Financial Statements (Amounts expressed in United States dollars, unless otherwise indicated)
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to 1-800-GOT-JUNK?'s 2025 Franchise Disclosure Document, the total amount due from related parties as of December 31, 2024, was $3,473,487. This figure represents the aggregate of amounts due from several related entities.
Specifically, the breakdown of this amount includes $3,418,155 due from O2E Brands Inc., $25,352 due from 1500647 Limited Partnership, $9,442 due from WOW 1 DAY PAINTING LLC, $8,725 due from 1-800-GOT-JUNK? Commercial Services (Australia) Pty Ltd, $7,149 due from Shack Shine Home Services LLC, $2,197 due from 0766143 BC Ltd., and $1,061 due from Flywheel Accelerator USA Inc.
This "due from related parties" balance reflects transactions and financial relationships between 1-800-GOT-JUNK? and its affiliated companies. These balances can fluctuate based on intercompany services, loans, or other financial arrangements. For a prospective franchisee, it's important to understand the nature of these related-party transactions, as they can impact the overall financial health and stability of 1-800-GOT-JUNK?.
Understanding these relationships can provide insight into the broader corporate structure and potential dependencies. A potential franchisee should seek clarification from 1-800-GOT-JUNK? regarding the nature of these transactions and their potential impact on the franchisee's business.