What was the principal payment on the related party note for All Team in 2023?

According to All Team's 2025 Franchise Disclosure Document, the principal payment on the related party note in 2023 was $30,000. This information is derived from the Statements of Cash Flows, which details the cash inflows and outflows of the company. Principal payments on related party notes are classified as cash used in financing activities.

For a prospective All Team franchisee, this indicates that All Team has financial relationships with related parties that involve borrowing and repayment. Related party transactions are not inherently problematic, but franchisees should understand the nature and terms of these transactions. It is important to note that these transactions could potentially impact the financial stability of All Team.

Franchisees should seek clarification from All Team regarding the specifics of the related party note. Understanding the related party's identity, the note's terms (interest rate, maturity date, and collateral), and the purpose of the borrowing is crucial. This due diligence will help a franchisee assess the potential risks and benefits associated with All Team's financial dealings.