What was the amount of the Loan payable WinTrust for Aw as of December 31, 2024?
Aw Franchise · 2025 FDDAnswer from 2025 FDD Document
A PC Westbury, NY April 10, 2025
BALANCE SHEETS RAYYAN PIZZA FRANCHISE LLC
| ASSETS | |||
|---|---|---|---|
| YEARS ENDED DECEMBER 31 2024 | 2023 | ||
| Assets | |||
| Cash | $ 8,494 | $ | 4,705 |
| Due from franchisee | — | 7,837 | |
| Due from related parties | 51,502 | 51,502 | |
| Total Assets | $ 59,996 | $ | 64,044 |
| Current Liabilities | |||
| Loan payable SBA | $ 532 | $ | 513 |
| Loan payable WinTrust | 10,073 | 10,073 | |
| Contract Liability | 6,875 | 8,000 | |
| Total Current Liabilities | 17,480 | 18,586 | |
| Long Term Liabilities | |||
| Loan payable SBA, net of current | 28,382 | 27,341 | |
| Contract Liability, net of current | 10,625 | 17,500 | |
| Members |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Aw's 2025 Franchise Disclosure Document, the loan payable to WinTrust as of December 31, 2024, was $10,073. The FDD provides a balance sheet detailing Aw's assets and liabilities, offering a snapshot of the company's financial obligations at the end of the year. This figure represents the outstanding amount Aw owed to WinTrust at that specific point in time.
For a prospective franchisee, understanding the franchisor's debt obligations is crucial. A significant loan payable amount could indicate financial strain on the franchisor, which might affect their ability to support franchisees or invest in the brand's growth. However, it's also important to consider the context of the loan, such as its terms, interest rate, and purpose, as well as the overall financial health of the company.
In Aw's case, the loan payable to WinTrust remained consistent from 2023 to 2024, staying at $10,073. This could suggest stable financing arrangements with WinTrust. A potential franchisee should investigate the details of this loan, including its purpose and repayment schedule, to assess any potential impact on Aw's financial stability and its capacity to support its franchisees.