What was the amount of notes due from franchisees to All County as of December 31, 2024?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
ults of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America
Joe Teston CPA Advisors St. Petersburg, Florida January 28, 2025
Joe Teston CPA Advisors
Balance Sheets
at December 31, 2024, 2023, & 2022
| Year 2024 | Year 2023 | Year 2022 |
|---|
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the balance of notes due from franchisees is detailed in the company's balance sheets. As of December 31, 2024, there were no notes due from franchisees listed as an asset on All County's balance sheet. This means that franchisees did not owe All County any money through notes at the end of 2024.
This could be because All County does not commonly finance franchisees through notes, or that any outstanding notes were resolved before the end of the year. A prospective franchisee should confirm with All County whether they offer financing options that involve promissory notes and what the typical repayment terms are.
Understanding the financial relationship between All County and its franchisees is crucial. While the absence of notes due might seem positive, it's important to understand the full context of how franchisees are financed and what payment obligations they have to All County. This information is essential for assessing the financial viability of the franchise opportunity.