What was the total amount due to Aw from related parties at the end of 2023?
Aw Franchise · 2025 FDDAnswer from 2025 FDD Document
-refundable franchise fees received but not yet earned as of December 31, 2024 and 2023, were $17,500 and $25,500 respectively.
5. RELATED PARTY TRANSACTIONS
The Company from time to time provides advances to a related entity. As of December 31, 2024 and 2023 the bala
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Aw's 2025 Franchise Disclosure Document, the total amount due to Aw from related parties as of December 31, 2023, was $51,502. The FDD specifies that these related party transactions are advances that Aw provides to a related entity.
These loans are non-interest-bearing, unsecured, and due on demand. This means Aw does not collect interest on these loans, has no collateral to secure the loans, and can request repayment at any time.
Prospective franchisees should be aware of these related party transactions, as they can impact Aw's financial stability. It is important to understand the nature of these related party transactions and their potential impact on the franchise system. A franchisee may want to inquire about the identity of the related party, the purpose of the advances, and the repayment history to assess any potential risks.