As of December 31, 2023, how many Beggars Pizza franchises were open?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | ||
|---|---|---|---|
| Cash flows from operating activities: | $ | 800,280 | $ 705,221 |
| Net income | |||
| Adjustments to reconcile net income to net cash | |||
| provided by operating activities: | |||
| Changes in operating assets and liabilities: Royalty receivables Prepaid Expenses Accounts payable Accrued state taxes Deferred franchise fees | (5,455) (85,551) 25,825 (34,979) (12,500) | (41,084) - (73) 35,669 12,500 | |
| Net cash flows from operating activities | 687,620 | 712,233 | |
| Cash flows from financing activities - distributions | (638,217) | (736,087) | |
| Net change in cash | 49,403 | (23,854) | |
| Cash - beginning of the year | 174,543 | 198,397 | |
| Cash - end of the year | $ | 223,946 | $ 174,543 |
1. Summary of Significant Accounting Policies
Organization – Beggars Pizza Franchise, LLC (formerly known as Beggars Pizza Franchise Corporation) (the "Company") was incorporated under the laws of the State of Illinois on April 15, 2004. The Company was established to franchise Begga
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Beggars Pizza's 2025 Franchise Disclosure Document, there were 20 Beggars Pizza franchises open as of December 31, 2023. This indicates the size and current standing of the Beggars Pizza franchise system at that time.
For a prospective franchisee, this number provides a snapshot of the franchise's established presence. It can be used to evaluate the brand's market penetration and growth trajectory. A larger number of open franchises might suggest a more mature and stable franchise system, while a smaller number could indicate a newer or more geographically concentrated brand.
It's important to note that this number reflects a specific point in time. Franchisees should also look at historical data (such as the number of franchises open in previous years) and trends (such as the number of new franchises opened or closed each year) to get a more complete picture of the franchise's growth and stability. This information, combined with other factors like financial performance and franchisee satisfaction, can help potential franchisees make an informed decision.