What are the payments on note receivable - franchises for All Team in 2023?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
(16,373) | | (16,373) | | Balance at December 31, 2023 | $ 1,000 | $ 119,000 | $ | 712,933 | $ | 832,933 |
ALL TEAM FRANCHISE CORPORATION STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022
| 2023 2022 | ||
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | $ 201,944 | $ 224,177 |
| Adjustments to reconcile net income to net cash | ||
| provided by operating activities: | ||
| Allowance for credit losses | 5,501 | 6,000 |
| Changes in account balances: | ||
| Accounts receivable - trade | 1,387,458 | 34,529 |
| Prepaid expenses | (16,270) | 35 |
| Advances | (605,008) | (169,476) |
| Due from IRS | (49,780) | |
| Accounts payable-trade | 3,528 | - |
| Accrued expenses | (45,671) | 51,228 |
| Other funding liabilities | (326,541) | 818,817 |
| Total Adjustments | 353,217 | 741,133 |
| Total Cash Provided by Operating Activities | 555,161 | 965,310 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Payments on note receivable - franchises | - | - |
| Total Cash Provided by Investing Activities | - | - |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from credit line payable | 15,371,492 | 21,942,195 |
| Principal payments on credit line payable | (15,758,708) | (22,540,407) |
| Principal payment on related party note | (30,000) | - |
| Stockholder distributions | (16,373) | (8,392) |
| Total Cash Used in Financing Activities | (433,589) | (606,604) |
| NET INCREASE IN CASH | 121,572 | 358,706 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the payments on note receivable from franchises in 2023 were zero. The statement of cash flows shows a specific line item for "Payments on note receivable - franchises" within the investing activities section. The value reported for this line item in 2023 is "-", indicating no cash inflow from these payments during that year.
This means that All Team did not receive any payments from its franchisees related to notes receivable during the 2023 fiscal year. Notes receivable typically arise when a company provides financing to its franchisees, and the franchisees make payments over time. The absence of payments could be due to various reasons, such as the notes not yet being due, franchisees experiencing financial difficulties, or All Team choosing not to actively pursue these payments during that period.
For a prospective franchisee, this information is relevant because it provides insight into All Team's financial interactions with its existing franchisees. While zero payments received in 2023 doesn't inherently indicate a problem, a potential franchisee might want to inquire further about the terms of these notes receivable, the financial health of the franchisees who owe these notes, and All Team's policies regarding the collection of such receivables. Understanding these aspects can help a new franchisee assess the overall financial stability and support system within the All Team franchise network.