What was the value of the 'Loan payable WinTrust' current liability for Aw as of December 31, 2023?
Aw Franchise · 2025 FDDAnswer from 2025 FDD Document
| ASSETS | ||
|---|---|---|
| YEARS ENDED DECEMBER 31 | ||
| 2023 | 2022 | |
| Assets | ||
| Cash | $ 4,705 | $ 33,561 |
| Due from franchisee | 7,837 | 1,226 |
| Due from related parties | 51,502 | 51,502 |
| Total Assets | $ 64,044 | $ 86,289 |
| LIABILITIES AND MEMBERS' EQUITY (DEFICIT) | ||
| Current Liabilities | ||
| Accounts payable and accrued expenses | $ — | $ 4,834 |
| Loan payable SBA | 513 | 476 |
| Loan payable WinTrust | 10,073 | 10,073 |
| Contract Liability |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Aw's 2025 Franchise Disclosure Document, the value of the 'Loan payable WinTrust' current liability as of December 31, 2023, was $10,073. This figure is part of Aw's balance sheet, reflecting the amount due within one year to WinTrust bank.
The 'Loan payable WinTrust' represents a financial obligation of Aw to WinTrust, which Aw must settle within the upcoming year. For a prospective franchisee, this indicates that Aw has existing debt obligations. While not inherently negative, it's important to consider the overall financial health of the franchisor.
A franchisee should investigate the terms of this loan, such as the interest rate and any collateral involved, to fully understand Aw's financial commitments. It's also prudent to compare this liability against Aw's assets and overall equity to assess their ability to manage debt. This information, combined with other financial metrics, can provide a more comprehensive view of the franchisor's financial stability.