What is the last year for which audited financial statements are provided for Beef O Bradys?
Beef_O_Bradys Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| Term loan | $ 25,819,602 | $ 27,913,083 |
| Less: current maturities | (2,093,481) | (2,093,481) |
| Less: unamortized debt issuance costs | (549,011) | (689,181) |
| Total | $ 23,177,110 | $ 25,130,421 |
Future maturities of the note payable to bank are as follows:
| Year | Amou
Source: Item 21 — FINANCIAL STATEMENTS. (FDD pages 65–66)
What This Means (2025 FDD)
According to Beef O Bradys's 2025 Franchise Disclosure Document, the provided notes to the consolidated financial statements are for December 31, 2023, and 2022. This means the FDD includes audited financial statements for these two years.
Specifically, the document references interest expenses on notes payable to the bank for the years ended December 31, 2024, and 2023, totaling $2,584,268 and $1,836,607, respectively. Additionally, the document mentions that as of December 31, 2024, and 2023, the company had $695,264 and $458,178 due from the Beef 'O' Brady's Fund, respectively, and $983,582 and $809,282 due from the Brass Tap Fund, respectively.
Therefore, the most recent year for which full audited financial statements are included in this FDD is 2023. Prospective franchisees can review these statements to assess the financial health and performance of Beef O Bradys.