As of December 31, 2023, how much did the Company have due from the Beef O Bradys Fund?
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 | $ |
Source: Item 23 — RECEIPTS. (FDD pages 66–330)
What This Means (2025 FDD)
According to Beef O Bradys's 2025 Franchise Disclosure Document, as of December 31, 2023, the Company had $458,178 due from the Beef 'O' Brady's Fund. This represents the amount the Beef O Bradys Fund owed to the Company at that specific point in time.
This figure is important for prospective franchisees as it provides insight into the financial interactions between Beef O Bradys and its marketing and development fund. The fund is supported by franchisee contributions, and these amounts reflect the company's management of those funds. Understanding these related-party transactions can help a franchisee assess the financial health and transparency of the Beef O Bradys organization.
It's worth noting that these amounts can fluctuate year to year, as indicated by the corresponding figure for the previous year, which was $695,264. Monitoring these balances over time can provide a more comprehensive view of the financial relationship between Beef O Bradys and its marketing fund. Franchisees should seek clarification from Beef O Bradys regarding the nature of these balances and how they impact the overall financial operations of the franchise system.