For Auntie Annes, what does 'Accrued expenses and other liabilities' consist of?

According to Auntie Anne's 2024 Franchise Disclosure Document, Note 12 in Item 23 indicates that the FDD provides a breakdown of what 'Accrued expenses and other liabilities' consists of. However, the provided excerpts do not include the specific details of this breakdown.

As the details of 'Accrued expenses and other liabilities' are not present in the provided excerpts, it is not possible to provide a comprehensive overview of what this entails for a prospective franchisee. Accrued expenses typically include short-term liabilities that a business has incurred but not yet paid, such as wages, utilities, and taxes. Other liabilities can encompass a range of obligations, such as deferred revenue or security deposits.

A prospective Auntie Anne's franchisee should ask the franchisor for a detailed breakdown of what 'Accrued expenses and other liabilities' includes. Understanding the nature and timing of these liabilities is crucial for accurate financial planning and management. This information will help the franchisee anticipate upcoming payments and manage their cash flow effectively. It is also important to understand if these liabilities are typical for franchise businesses or if they are specific to Auntie Anne's operations.