What was the beginning members' equity (deficit) for Aw in 2022?

According to Aw's 2025 Franchise Disclosure Document, the beginning members' equity (deficit) for the year 2022 was ($10,313). This figure represents the net worth of the company at the start of the 2022 financial year, indicating a deficit where liabilities exceeded assets.

For a prospective Aw franchisee, this information provides insight into the financial health of the company during that period. A deficit in members' equity at the beginning of the year could suggest previous financial challenges or accumulated losses. However, it is important to consider this figure in conjunction with other financial data, such as revenue, expenses, and net income, to gain a comprehensive understanding of the company's performance.

The FDD also shows that Aw's members' equity (deficit) at the beginning of 2023 was $11,732, and by the end of 2023, it was $617. This indicates a significant improvement in members' equity throughout 2023. Reviewing these trends over multiple years can help potential franchisees assess the stability and growth potential of the franchise system.

It is crucial for prospective franchisees to consult with a financial advisor to analyze these financial statements thoroughly. Understanding the factors that contributed to the deficit in 2022 and the subsequent improvement in 2023 can provide valuable context for making an informed investment decision. Additionally, comparing Aw's financial performance with that of other franchises in the same industry can offer further insights into its relative strengths and weaknesses.