As of December 31, 2024, what was the balance due from All Dogs Unleashed's affiliates?
All_Dogs_Unleashed Franchise · 2025 FDDAnswer from 2025 FDD Document
South, Charlotte, NC | 704-726-3717 | | | Simon Palacios1 | 13785 Research Blvd., Austin, TX | 512-963-6017 | | For the year ended December 31, 2024, 2023 and 2022 amortization expense was $14,197, $0 and $0, respectively.
6. Related Party Transactions
Transactions with members
Members of the Company received deposits for initial franchise fees on behalf of the Company. At December 31, 2024 and 2023, the Company had an amount due from members in the
Source: Item 23 — RECEIPTS (FDD pages 49–158)
What This Means (2025 FDD)
According to All Dogs Unleashed's 2025 Franchise Disclosure Document, as of December 31, 2024, the company had a balance due from its affiliates in the amount of $15,570. This indicates that All Dogs Unleashed's affiliates owed the company this amount as of that date. Additionally, the FDD states that at December 31, 2024, the company had a payable due to its affiliates in the amount of $102,572. This is an unsecured amount that bears no interest and is due on demand.
This type of related-party transaction is not uncommon in franchise systems, where the franchisor and its affiliates may share resources or provide services to one another. It's important for a prospective All Dogs Unleashed franchisee to understand the nature of these transactions and how they might affect the financial health of the company.
For a potential franchisee, this information highlights the importance of thoroughly reviewing the financial statements and understanding the relationships between All Dogs Unleashed and its affiliates. It would be prudent to inquire about the details of these transactions, the repayment terms, and the potential impact on the franchisor's financial stability. Understanding these related-party transactions can provide a more comprehensive view of the financial dynamics within the All Dogs Unleashed franchise system.