What was the amount of advances and repayments to the parent company for Afuri Ramen Dumpling in 2021?

According to the 2024 Afuri Ramen Dumpling FDD, the company had an $80,000 unsecured note with a related party, Afuri Japan. The note required $20,000 annual payments and had an annual interest rate of 1.4%, maturing in 2024. Afuri Ramen Dumpling fully repaid the note in 2021. Interest paid totaled $2,004 for the year ended December 31, 2021.

This indicates that Afuri Ramen Dumpling had a financial obligation to its parent company, Afuri Japan, which they successfully satisfied. For a prospective franchisee, this demonstrates the company's ability to manage and resolve its financial obligations. It also reveals the existence of financial relationships between Afuri Ramen Dumpling and its parent company, which could influence the company's financial decisions and stability.

It is important for potential franchisees to understand the nature and extent of these related-party transactions, as they could have implications for the franchise's operations and financial health. While the note was repaid in 2021, future financial arrangements between Afuri Ramen Dumpling and its parent company could arise, potentially affecting the franchisee's business. Therefore, a prospective franchisee should inquire about the details of any current or planned financial relationships between Afuri Ramen Dumpling and its parent company to fully assess the financial stability and potential risks associated with the franchise.