What was the total amount of Beggars Pizza's current assets in 2024?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
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March 10, 2025
Beggars Pizza Franchise, LLC Balance Sheet December 31,
| Assets | 2024 | 2023 | ||
|---|---|---|---|---|
| Current assets: | $ | 250,943 | $ 223,946 | |
| Cash | ||||
| Royalty receivables, net of allowance for credit | ||||
| losses of $10,000 in 2024 and 2023 | 115,268 | 120,986 | ||
| Prepaid state taxes | 9,224 | - | ||
| Other assets | $ | 61,676 | $ 85,551 | |
| Total assets | 437,111 | 430,483 | ||
| Liabilities and Members' Equity | ||||
| Current liabilities: Accounts payable Accrued state taxes Deferred franchise fees | $ | 25,079 - 25,000 | $ 41,196 690 25,000 | |
| Total liabilities | 50,079 | 66,886 | ||
| Members' equity | 387 |
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 current assets totaled $437,111 in 2024. This figure is comprised of several components, including cash, royalty receivables (net of allowance for credit losses), prepaid state taxes, and other assets. In comparison, the total assets for Beggars Pizza in 2023 was $430,483.
Understanding the composition of current assets is crucial for prospective franchisees. Cash represents the liquid funds available to Beggars Pizza for immediate use. Royalty receivables, net of allowance for credit losses, indicate the amount of royalties owed to Beggars Pizza by its franchisees, adjusted for potential uncollectible amounts. Prepaid state taxes are tax payments made in advance, and other assets may include items such as prepaid expenses or inventory.
The difference between Beggars Pizza's current assets in 2024 and 2023 could be attributed to various factors, such as changes in cash flow, royalty collection rates, or investments in other assets. Monitoring these figures over time can provide insights into the financial health and stability of Beggars Pizza. A prospective franchisee should analyze these trends to assess the company's ability to manage its assets and generate revenue.