What were the accounts payable for Beggars Pizza in 2021?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
ugh common ownership. The agreement expires on December 31, 2028. Management fees totaled $579,820 and $666,106 for the years ended December 31, 2023 and 2022, respectiv
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Beggars Pizza's 2025 Franchise Disclosure Document, specific figures for the total accounts payable for 2021 are not provided. However, the document does mention a specific component of accounts payable related to management fees due to Begcom, LLC, a related party.
The FDD states that management fees due to Begcom, LLC as of December 31, 2023 and 2022, totaled $10,010 and $9,166, respectively, and are included in accounts payable on the balance sheet. This indicates that Beggars Pizza has a recurring liability for management fees that are categorized as accounts payable.
For a prospective franchisee, this highlights the importance of understanding related-party transactions and their impact on the financial statements. While the exact total accounts payable for 2021 is not disclosed, the FDD provides insight into at least one component of it. A potential franchisee should inquire with Beggars Pizza about the total accounts payable for 2021 and request a detailed breakdown to fully understand the company's liabilities and payment obligations.