What was the total amount of franchise notes receivable for Anago as of December 31, 2024?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
pany has a note receivable with a related entity by common ownership totaling $529,500 bearing an interest rate of 2.94%. The principal balance and accrued interest payment is due in May 2038. Therefore, the note rec
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, the total franchise notes receivable as of December 31, 2024, was $46,724. This figure represents the outstanding balance from master franchisees for the initial purchases of their territories.
Notes receivable are assets on Anago's balance sheet, representing money owed to them by franchisees. In this case, these notes stem from the financing Anago provided to master franchisees to acquire their territories. The fact that Anago carries these notes indicates they may offer financing options to help master franchisees get started.
For a prospective master franchisee, this information suggests that financing may be available from Anago to cover the initial territory purchase. However, it's important to investigate the terms of these notes, such as interest rates, repayment schedules, and any collateral required, to fully understand the financial obligations involved. Furthermore, franchisees should inquire about Anago's criteria for extending credit and the likelihood of qualifying for such financing.