What was the amount payable to franchisees by 1-800-GOT-JUNK? as of December 31, 2024?

According to 1-800-GOT-JUNK?'s 2025 Franchise Disclosure Document, the amount payable to franchisees as of December 31, 2024, was $3,473,487. This figure represents the outstanding balance that 1-800-GOT-JUNK? owed to its franchisees at the end of the fiscal year. This liability is categorized as a current liability on the balance sheet, meaning it is expected to be settled within one year.

For a prospective 1-800-GOT-JUNK? franchisee, this payable amount indicates the franchisor's ongoing financial relationship with its franchisees. It reflects transactions such as royalty payments, rebates, or other financial incentives that 1-800-GOT-JUNK? collects on behalf of its franchisees. The payable amount can fluctuate based on various factors, including the overall sales performance of the franchise system, the timing of payments, and any specific agreements between 1-800-GOT-JUNK? and its franchisees.

It's important to note that while this figure provides a snapshot of the financial relationship between 1-800-GOT-JUNK? and its franchisees at a specific point in time, it does not reveal the complete picture of franchisee profitability or the overall financial health of individual franchise units. A prospective franchisee should conduct thorough due diligence, including reviewing the complete financial statements and speaking with existing franchisees, to gain a comprehensive understanding of the financial aspects of operating a 1-800-GOT-JUNK? franchise.