How much interest did Beard Papas pay during the year 2023?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
Brand Development Fund Fees are not required to be segregated from other assets or accounts of Franchisor.
The Brand Development Fund is not required to expend Brand Development Fund Fees in the year that they are collected and the Brand Development Fund may borrow from Franchisor or other lenders at standard commercial interest rates to cover deficits of the Brand Development Fund, and Franchisor may cause the Brand Development Fund to invest any surplus for future use by the Brand Development Fund.
All interest earned on monies contributed to the Brand Development Fund will be used to pay costs of the Brand Development Fund before other assets of the Brand Development Fund are expended.
Source: Item 23 — RECEIPTS (FDD pages 58–275)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, there is no explicit mention of the specific amount of interest paid by Beard Papas during the year 2023 within the provided excerpts. While the document includes financial information such as cash flow from operating activities, net income, depreciation, amortization, non-cash lease expenses, and changes in assets and liabilities, it does not break down interest expenses separately.
However, the FDD does state that the Brand Development Fund may borrow from Beard Papas or other lenders at standard commercial interest rates to cover deficits, and any surplus may be invested for future use. It also mentions that all interest earned on monies contributed to the Brand Development Fund will be used to pay costs of the Brand Development Fund before other assets are used.
To get precise figures on interest expenses, a prospective Beard Papas franchisee should ask the franchisor directly for the company's detailed financial statements. This inquiry should specifically request a breakdown of interest expenses for the relevant years to assess the company's financial management and obligations.