What was the total value of Beard Papas' total current liabilities in 2023?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
ears Ended December 31, 2024 and 2023
| Development Area | |
|---|---|
| [To be Effective this Schedule Must be Completed and Signed by Franchisor] |
Supplemental disclosure f
Source: Item 23 — RECEIPTS (FDD pages 58–275)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the exact figure for Beard Papas' total current liabilities in 2023 is not explicitly stated. However, the document does mention that in 2023, Beard Papas entered into an office lease agreement and recognized an operating lease right-of-use asset and a corresponding operating lease liability of approximately $541,000. This liability would be part of the company's overall liabilities.
While the FDD mentions this specific operating lease liability, it does not provide the total current liabilities for 2023. To get a comprehensive understanding of Beard Papas' financial obligations, a prospective franchisee should request the full financial statements for 2023.
Understanding the total current liabilities is crucial for assessing the financial health and stability of Beard Papas. This information, combined with other financial metrics, will help potential franchisees evaluate the financial risks and opportunities associated with investing in a Beard Papas franchise.