What was the amount due from affiliates for Beard Papas in 2023?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
ned Subsidiary of Nagatanien Holdings Co., Ltd.)
Notes to Financial Statements (continued)
4. Related Party Transactions
The following is a summary of significant balances and transactions with the related parties:
| December 31 | |||||||
|---|---|---|---|---|---|---|---|
| Balance Sheets | 2023 | 2022 | |||||
| Due from affiliates | $ | 5,165 | $ | 11,854 | |||
| Due to affiliates | Y |
Source: Item 23 — RECEIPTS (FDD pages 58–275)
What This Means (2025 FDD)
According to Beard Papas's 2025 Franchise Disclosure Document, the amount due from affiliates as of December 31, 2023, was $5,165. This figure represents the balance owed to Beard Papas by its related entities or affiliates. In comparison, the amount due from affiliates as of December 31, 2022, was $11,854, indicating a decrease in the amount due from affiliates from 2022 to 2023.
This information is found within the balance sheets included in the FDD. Understanding the transactions and balances between a franchisor and its affiliates can provide insight into the financial relationships within the franchise system.
Prospective franchisees should consider these related-party transactions as they evaluate the overall financial health and stability of Beard Papas. It is important to understand the nature of these affiliate relationships and how they might impact the franchise system's operations and financial performance.