What was the royalty receivable for Beggars Pizza at December 31, 2020?

Based on the 2025 Franchise Disclosure Document, the specific royalty receivable for Beggars Pizza as of December 31, 2020, is not disclosed. The provided excerpts from Beggars Pizza's financial statements do not include a breakdown of accounts receivable or royalty receivables for that particular year.

However, the FDD does provide information on how Beggars Pizza handles royalty receivables in general. Royalty receivables are stated at the net collectible amounts. Prior to 2023, the company estimated the allowance based on its historical experience of the relationship between actual bad debts and contract revenues. As a result of the changes in the Company's credit policy during 2023, the Company changed to estimating the allowance based on an analysis of individual customers adjusted for current conditions and reasonable forecasts, taking into consideration the age of past due accounts and an assessment of the customer's ability to repay. The allowance for credit losses was $10,000 at December 31, 2024 and 2023. This indicates that Beggars Pizza actively manages and accounts for potential uncollectible royalty payments from its franchisees.

For a prospective franchisee, the absence of specific royalty receivable data for 2020 in the FDD means that further inquiry is needed to fully understand the financial health and royalty collection efficiency of Beggars Pizza during that period. It would be prudent to ask the franchisor directly about the royalty receivable amounts for 2020, as well as any trends or issues related to royalty collection during that time. Understanding these figures can provide a more complete picture of the franchise's financial performance and stability.