What was Aplus' investment in the J.C. Nolan joint ventures as of December 31, 2023?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
of year | $ | 84 | $ | 81 | |
11. Related-Party Transactions
We are party to fee-based commercial agreements with various affiliates of Energy Transfer for pipeline, terminalling and storage services. We also have agreements with subsidiaries of Energy Transfer for the purchase and sale of fuel.
Our i
Source: Item 22 — CONTRACTS (FDD page 68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, the company's investment in the J.C. Nolan joint ventures was $124 million as of December 31, 2023. This figure reflects the capital Aplus has allocated to these specific joint ventures.
Additionally, the document notes that Aplus recorded income on these unconsolidated joint ventures, reporting $5 million for the year ended December 31, 2023. This indicates that the joint ventures are contributing positively to Aplus's financial performance.
For a prospective franchisee, this information provides insight into Aplus's involvement in related-party transactions and the financial impact of these ventures on the company's overall financial health. Understanding these relationships and their performance can help franchisees assess the stability and potential risks associated with investing in an Aplus franchise.