What is the fiscal year end for Beef O Bradys?
Beef_O_Bradys Franchise · 2025 FDDAnswer from 2025 FDD Document
549,011) | (689,181) | | Total | $ 23,177,110 | $ 25,130,421 |
Future maturities of the note payable to bank are as follows:
| Year | Amount | |
|---|---|---|
| 2025 | $ 2,093,481 | |
| 2026 | 2,093,481 | |
| 2027 | 2,093,481 | |
| 2028 | 2,093,481 | |
| 2029 | 2,093,481 | |
| Thereafter | 15,352,196 | |
| Total | $ 25,819,602 |
Interest expense on notes payable to bank totaled $2,584,268 and $1,836,607 for the years ended December 31, 2024, and 2023, respectively.
Note 10. Commitments and Contingencies
Legal Matters
The Company is subject to claims and lawsuits that arose primarily in the ordinary course of business. It is the opinion of management the disposition or ultimate resolution of such claims and lawsuits will not have a material adverse effect on the consolidated financial position, results of operations, and cash flows of the Company. Events could occur that would change this estimate materially in the ne
Source: Item 21 — FINANCIAL STATEMENTS. (FDD pages 65–66)
What This Means (2025 FDD)
According to the 2025 FDD, several sections refer to financial statements ending on December 31, such as the 'Notes to Consolidated Financial Statements December 31, 2023 and 2022.' This indicates that Beef O Bradys operates on a fiscal year that concludes on December 31st. This is a common practice, aligning with the calendar year for accounting and reporting purposes.
Specifically, the FDD mentions interest expenses on notes payable for the years ended December 31, 2024, and 2023. Additionally, the franchisee owner/operator concentrations are assessed as of December 31, 2023, and 2022. These consistent references to December 31st as the year-end reporting date confirm the company's fiscal year-end.
For a prospective franchisee, understanding the franchisor's fiscal year-end is important for several reasons. It provides a benchmark for comparing financial performance, understanding reporting timelines, and aligning their own business planning with the franchisor's cycles. Knowing that Beef O Bradys uses December 31 as its fiscal year-end allows franchisees to anticipate when financial reports will be released and to better interpret the data presented.