What was the amount of Beggars Pizza's accounts payable in 2022?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
elated Party Transactions**
The Company has a management fee agreement with Begcom, LLC, a related party through 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, the company's accounts payable include management fees due to Begcom, LLC, a related party. As of December 31, 2022, the management fees due to Begcom, LLC, which are included in accounts payable, totaled $9,166.
This indicates that Beggars Pizza had a specific, reportable amount of $9,166 in accounts payable related to management fees owed to a related entity at the end of 2022. Accounts payable generally represent short-term obligations that Beggars Pizza owes to its suppliers or service providers.
Prospective franchisees should be aware of these related-party transactions, as they can impact the financial performance and obligations of the franchisor. Understanding the nature and terms of these transactions is crucial for assessing the overall financial health of Beggars Pizza.