What was the total amount of long-term debt for Bambu, less current maturities, in 2024?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
cluding the interest component are as follows:
| 2025 | $ 15,028 |
|---|
NOTE4-NOTESPAYABLE
Notes payable consist of the following at December 31,
| 2024 | 2023 | |
|---|---|---|
| Note payable with a finance company. Face Amount | $ 168,685 | $ |
| $183,258 interest at 19.99% per year, payment in 84 | ||
| installments of $4,068. Collateralized by the assets of the | ||
| Company and the personal guaranty of the managing | ||
| member of the Company. | ||
| Note payable with a bank. Face Amount $179,970, interest | 179,970 | |
| at 8.25% per year, payment in 84 installments of $2,838. | ||
| Collateralized by the assets of the Company and the | ||
| personal guaranty of the managing member of the | ||
| Company. | ||
| Note payable Gap Fund Program Face amount of $75,000, | ||
| interest at 5.75% per year, payment in 36 installments of | ||
| $2,273. Collateralized by the assets of the Company and | ||
| personal guaranty of the | ||
| managing member of the | ||
| Company. |
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, the total long-term debt, less current maturities, for the company in 2024 was $424,945. This figure is derived from two separate notes payable categories: notes payable with members and notes payable with a finance company and a bank.
Specifically, the long-term debt for notes payable with members, less current maturities, was $242,330 in 2024. The long-term debt for notes payable with a finance company and a bank, less current maturities, was $182,614 in 2024.
Prospective franchisees should understand that Bambu's debt obligations could impact its financial stability and ability to support franchisees. Reviewing the company's balance sheets and understanding the nature of its debt is a crucial part of due diligence. This information helps potential franchisees assess the financial health of Bambu and its capacity to meet its obligations and provide ongoing support to its franchisees.