What was the amount of current year payments received by Beef O Bradys in 2022?
Beef_O_Bradys Franchise · 2025 FDDAnswer from 2025 FDD Document
ty fees with franchisees that have been converted to interest-free notes with formalized repayment terms. $45,332 and $0 in past due royalty fees with franchisees were converted during 2023 and 2022, respectively.
Notes to Consolidated Financial Statements December 31, 2023 and 2022
Notes receivable activity during the year consist of the following at December 31:
| | 2023 | 2022 | |--------------
Source: Item 23 — RECEIPTS. (FDD pages 66–330)
What This Means (2025 FDD)
According to Beef O Bradys's 2025 Franchise Disclosure Document, the current year payments received in 2022 were ($148,864). This figure reflects the cash inflow from franchisees to Beef O Bradys during that year. It is important to note that this value is presented as a negative number, indicating a reduction in the balance.
This data point is part of a larger table tracking the changes in the balance of franchisee receivables converted to notes receivable. The table also includes the beginning balance, franchisee receivables converted to notes receivable, recovery for notes receivable, receivables written-off to allowance, and the ending balance.
Prospective franchisees should understand how these payments fit into the overall financial relationship with Beef O Bradys. Monitoring these figures over time can reveal trends in franchisee payments and the management of receivables. Understanding the context of this number within the broader financial statements is crucial for assessing the financial health of the Beef O Bradys franchise system.