What was the cash balance at the beginning of 2024 for Beef O Bradys?
Beef_O_Bradys Franchise · 2025 FDDAnswer from 2025 FDD Document
31:
| 2023 | 2022 | |
|---|---|---|
| Beef 'O' Brady's Fund | ||
| Franchise marketing and advertising fees | $ 1,096,000 | $ 949,000 |
| Salaries and overhead charges | $ 25,000 | $ 25,000 |
| Brass Tap Fund | ||
| Franchise marketing and advertising fees | $ 27,000 | $ 33,000 |
| Salaries and overhead charges | $ 25,000 | $ 25,000 |
As of December 31, 2023 and 2022, the Company had $458,178 and $695,264, respectively, due from the Beef 'O' Brady's Fund and $809,282 and $983,582, respectively, due from the Brass Tap Fund.
Notes to Consolidated Financial Statements December 31, 2023 and 2022
13. Significant Concentrations
Concentrations of Credit Risk
Financial instruments which potentially subject the Company to concentrations of credit risk consist princ
Source: Item 23 — RECEIPTS. (FDD pages 66–330)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the cash balance for Beef O Bradys at the beginning of 2024 is not explicitly stated. However, the document does provide information on the amounts due from the Beef 'O' Brady's Fund as of December 31, 2023, which was $458,178. This figure represents the amount owed to the company from the marketing and development fund at the end of 2023.
Additionally, the FDD mentions that the company maintains cash with various financial institutions and that balances may exceed insured amounts from time to time. This suggests that Beef O Bradys manages its cash holdings across multiple accounts and monitors the credit standing of these institutions. However, the specific cash balance at the beginning of 2024 is not disclosed in this section.
For a prospective franchisee, understanding the company's cash management practices and the balances held in various accounts is crucial. While the FDD provides some insight into the amounts due from related funds, it does not offer a clear picture of the overall cash position at the beginning of the year. Therefore, it would be prudent for potential franchisees to inquire directly with the franchisor about the company's cash reserves and financial stability.
In summary, while the FDD offers some related financial information, it does not explicitly state the cash balance for Beef O Bradys at the beginning of 2024. A prospective franchisee should seek clarification from the franchisor to gain a comprehensive understanding of the company's financial health.