What was the total amount of liabilities and members' equity for Beggars Pizza in 2023?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
| | | 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 | | 387,032 | 363,597 | | | Total liabilities and members' equity | $ | 437,111 | $ 430,483 | |
Statement of Income For the Year Ended December 31, Beggars Pizza Franchise, LLC
| 2024 | 2023 | |
|---|---|---|
| Net sales - royalties and other revenues | $ 1,501,659 | $ |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Beggars Pizza's 2025 Franchise Disclosure Document, the total liabilities and members' equity for 2023 was $430,483. This figure represents the sum of what Beggars Pizza owes to others (liabilities) and the value of the ownership stake held by its members (equity) at the end of the year. This value increased from $290,074 in 2022.
For a prospective franchisee, this number provides a snapshot of the company's overall financial health and how it is financed. A higher number suggests that Beggars Pizza has more assets relative to its liabilities, which can be a positive indicator. It is important to note that this is a consolidated figure, and further analysis of the individual components of liabilities and equity would be necessary to gain a deeper understanding of the company's financial structure.
When evaluating this information, a potential Beggars Pizza franchisee should consider the trend in total liabilities and members' equity over time. An increasing value could indicate growth and financial stability, but it's crucial to compare these figures with those of other similar franchise systems to assess Beggars Pizza's relative performance. Reviewing the detailed balance sheets and related financial statements is essential for a comprehensive understanding.