What was the accrued payroll for Apricot Lane in 2023?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
| $ | 24,563 | $ | 90,000 | $ 361,555 | $ | 476,118 |
| 2024 | 2023 | |||
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net income (loss) | $ | 214,496 | $ | 4,020 |
| Adjustments to reconcile net income to net | ||||
| cash provided by operating activities: | ||||
| Depreciation and amortization | 51,794 | 33,509 | ||
| Gain on disposal of fixed assets | - | 510 | ||
| Realized (gain) loss on investment securities | (1,456) | (9,943) | ||
| (Increase) decrease in: | ||||
| Royalty and advertising fees receivable | 8,691 | 393,580 | ||
| Reimbursable franchise costs and other receivable | 5,941 | (4,612) | ||
| Prepaid expenses | 2,145 | 8,261 | ||
| Security deposit | 103 | - | ||
| Right-of-use lease asset | 8,724 | 20,070 | ||
| Increase (decrease) in: | ||||
| Accounts payable and accrued liabilities | (80,643) | (11,380) | ||
| Income tax payable | - | (14,297) | ||
| Lease liability | (8,724) | (20,070) | ||
| Deferred franchise fee | (311,000) | (543,000) | ||
| Net cash provided (used by) provided by operating activities | (109,929) | (143,352) | ||
| Cash flows from investing activities | ||||
| Purchase of equipment and vehicles | (6,821) | (14,826) | ||
| Purchase of marketable securities | (100,000) | - | ||
| Sale of marketable securities | 150,000 | 300,000 | ||
| Net cash provided provided by (used by) investing activities | 43,179 | 285,174 | ||
| Cash flows from financing activities: | ||||
| Principal payment on shareholder loans | (34,799) | (8,132) | ||
| Stockholder distributions | - | (174,000) | ||
| Net cash provided (used by) provided by financing activities | (34,799) | (182,132) | ||
| Net change in cash | (101,549) | (40,310) | ||
| Cash, beginning of period | 186,678 | 226,988 | ||
| Cash, ending of period | 85,129 | $ | 186,678 | |
| Supporting disclosures: | ||||
| Purchase of equipment and vehicles through long-term debt | $ | _ 20.55 | Ф $ | 202,390 |
| Inter |
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
Based on the 2025 Apricot Lane Franchise Disclosure Document, the accrued payroll for 2023 is not explicitly stated as a separate line item. However, the document does provide a combined figure for "Accounts payable and accrued liabilities." This line item includes various short-term liabilities, such as payroll, vendor payables, and other accrued expenses.
In 2023, the "Accounts payable and accrued liabilities" decreased by $11,380. This means that Apricot Lane paid off more in accounts payable and accrued liabilities than it accrued during the year. It is important to note that this is a net change, and the actual amount of accrued payroll could have been higher or lower depending on the specific circumstances.
For a prospective franchisee, understanding the components of "Accounts payable and accrued liabilities" is crucial for managing their own boutique's finances. While the FDD does not break down this figure, potential franchisees should inquire with Apricot Lane about typical payroll expenses and other accrued liabilities to better forecast their operating costs. This will help in creating a realistic business plan and managing cash flow effectively.