What was the amount payable to franchisees by 1-800-GOT-JUNK? as of May 31, 2025?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
$ 30,619,314 $ 28,425,889
Liabilities and Member’s Equity
Current liabilities: Accounts payable and accrued liabilities $ 3,802,470 $ 7,092,682 Payable to franchisees
3,457,538 4,516,725
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 amount payable to franchisees as of May 31, 2025, was $3,457,538.
This figure represents the current liabilities of 1-800-GOT-JUNK? to its franchisees. It reflects the accumulated amounts that 1-800-GOT-JUNK? owes to its franchisees for various reasons, such as revenue sharing, refunds, or other financial obligations. This value can fluctuate based on the timing of payments and the ongoing financial transactions between 1-800-GOT-JUNK? and its franchisees.
Prospective franchisees should consider this figure in the context of the overall financial health of 1-800-GOT-JUNK?. A consistently increasing 'payable to franchisees' balance might indicate growing revenues for franchisees, but it could also suggest delays in payments from 1-800-GOT-JUNK?. Conversely, a decreasing balance might indicate timely payments or a decline in franchisee revenues. Reviewing these trends over multiple periods, as presented in the financial statements, can provide a more comprehensive understanding.
It is important for potential franchisees to discuss with 1-800-GOT-JUNK? the details behind this payable amount, including the typical payment schedules, any factors that might affect these payments, and how the company manages its financial obligations to franchisees.