What was the balance due to related parties by Aw as of December 31, 2023?

According to Aw's 2025 Franchise Disclosure Document, the balance due to related parties as of December 31, 2023, was $51,502. The FDD also states that the company from time to time provides advances to a related entity. These loans are non-interest-bearing, unsecured, and due on demand.

This means that Aw had an outstanding balance of $51,502 owed to related parties, which could be individuals or entities with a close relationship to the company, such as owners, family members, or affiliated businesses. The fact that these loans are non-interest-bearing and unsecured suggests they are based on trust and mutual benefit rather than strict financial terms.

For a prospective franchisee, this related-party transaction indicates that Aw has financial connections with other entities. While not inherently negative, it's important to understand the nature of these relationships and how they might impact the franchise system. It would be prudent for a potential franchisee to inquire about the details of these related-party transactions, including the identities of the related parties, the purpose of the advances, and the potential impact on Aw's financial stability and operations. Understanding these relationships can provide a more comprehensive view of the financial health and stability of Aw.