What was the monthly payment amount required for the note receivable Anago entered into with a master franchise, and what was the interest rate?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
disbursements for interest during the years ended December 31, 2024, 2023, and 2022 totaled $26,064, $31,829, and $42,207, respectively. Cash disbursements for income taxes during the years ended December 31, 2024, 2023, and 2022 totaled $494,312, $215,857, and $180,024, respectively.
NOTE B – OPERATING INCOME ANALYSIS
A summary of the opera
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, Anago entered into a note receivable with a master franchise that required a monthly payment. The monthly payment consisted of principal and interest totaling $2,194. These payments were required through March 2023.
The note receivable had an interest rate of 2.00%. The note receivable was not secured. As of December 31, 2024, 2023, and 2022, the balance on the note receivable was $21,738, $21,738, and $36,552, respectively.
Prospective franchisees should note that these figures reflect a specific financial arrangement between Anago and one of its master franchisees. These arrangements may vary, and the terms of any financing offered to a franchisee can change. It is important to discuss current financing options and terms with Anago during the due diligence process.