In what year is All County's automobile retail installment sale note payable due?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
reported as follows:
National Advertising Fund Revenues for 2024: $ 314,715 National Advertising Fund Expenditures for 2024: $(289,830) Net Income from National Advertising Fund $ 24,885
Notes to Financial Statements
As of and for years ended: December 31, 2024, 2023, & 20
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, as of December 31, 2024, All County had an outstanding automobile retail installment sale note payable in the amount of $49,227. The note carries an annual interest rate of 6.44% and is scheduled to be due in December 2029.
This information is relevant to potential franchisees as it provides insight into All County's financial obligations and debt management. Understanding the terms of the note payable, such as the interest rate and due date, can help franchisees assess the financial stability of the franchisor.
Specifically, knowing that All County has a note payable of $49,227 due in December 2029 allows a franchisee to consider this liability when evaluating the overall financial health of the company. It's important to note that future principal payments on the note payable are also a factor to consider, though the specific amounts of those payments are not detailed in this excerpt.