What was the amount of cash paid for business acquisitions by Beef O Bradys in 2023?
Beef_O_Bradys Franchise · 2025 FDDAnswer from 2025 FDD Document
During 2023, the Company purchased, in unrelated transactions, two restaurants from franchisees located in North Port, Florida (North Port) and Hudson, Florida (Hudson). The purchases were accounted for as business transactions whereby the purchase price was allocated to the underlying assets acquired based upon their estimated fair values. Goodwill was recognized to the extent the consideration transferred exceeded the estimated fair value of the assets acquired.
The following summarizes the consideration paid and the estimated fair values of the store assets acquired during 2023 at the acquisition date:
Source: Item 23 — RECEIPTS. (FDD pages 66–330)
What This Means (2025 FDD)
According to Beef O Bradys's 2025 Franchise Disclosure Document, the company engaged in business acquisitions during 2023, purchasing two restaurants from franchisees located in North Port and Hudson, Florida. These purchases were treated as business transactions, with the purchase price allocated to the underlying assets based on their estimated fair values. Goodwill was recognized if the consideration transferred exceeded the fair value of the assets acquired.
The document states that it summarizes the consideration paid and the estimated fair values of the store assets acquired during 2023 at the acquisition date. However, the specific total amount of cash paid for these acquisitions is not provided in this excerpt.
For a prospective franchisee, this means that while Beef O Bradys does acquire existing franchise locations, the FDD excerpt does not disclose the financial details of these transactions. It would be prudent for a potential franchisee to inquire with Beef O Bradys about the total amount of cash paid for business acquisitions in 2023 to gain a better understanding of the company's investment activities and valuation practices.