What was the total term loan amount for Beef O Bradys in 2024?
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 |
Source: Item 23 — RECEIPTS. (FDD pages 66–330)
What This Means (2025 FDD)
According to Beef O Bradys's 2025 Franchise Disclosure Document, the total term loan for 2024 was $25,819,602. After deducting current maturities of $2,093,481 and unamortized debt issuance costs of $549,011, the total is $23,177,110.
This information is relevant for prospective franchisees as it provides insight into the financial obligations of Beef O Bradys. Understanding the term loan amount can help franchisees assess the financial stability and overall health of the company. A significant term loan may indicate a higher level of debt, which could impact the franchisor's ability to support its franchisees or invest in the brand.
It's important for potential franchisees to consider these figures in conjunction with other financial data provided in the FDD, such as revenue, expenses, and cash flow statements, to gain a comprehensive understanding of Beef O Bradys's financial position. Additionally, franchisees should consult with a financial advisor to assess the potential risks and benefits associated with investing in a franchise with this level of debt.