What was the amount of Beggars Pizza's other assets in 2022?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
customer's ability to repay. The allowance for credit losses was $10,000 at December 31, 2024 and 2023.
Other assets – Other assets consists of amounts paid for menu printing services that will
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Beggars Pizza's 2025 Franchise Disclosure Document, the definition of other assets consists of amounts paid for menu printing services that will be recognized as an expense in future reporting periods as the printed menus are received by the Company. However, the exact value of Beggars Pizza's other assets as of December 31, 2022, is not specified in the provided excerpts.
To gain a comprehensive understanding of Beggars Pizza's financial health, a prospective franchisee should review the complete audited financial statements included in the FDD. These statements would provide a detailed breakdown of all asset categories, including 'other assets,' for the specified period.
It is important to ask Beggars Pizza for clarification on the specific amount of 'other assets' held in 2022 and to understand the nature of these assets. This information will help in assessing the company's overall financial position and stability.