What were the total assets for Beggars Pizza in 2021?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of Beggars Pizza Franchise, LLC, which comprise the balance sheet as of December 31, 2022 and 2021, and the related statements of income, members' equity, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Beggars Pizza Franchise, LLC as of December 31, 2022 and 2021, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Beggars Pizza's 2025 Franchise Disclosure Document, the financial statements include the balance sheet as of December 31, 2022 and 2021. However, the specific total asset figures for Beggars Pizza in 2021 are not disclosed in the provided excerpts.
While the excerpts provide information regarding the company's accounting practices, such as revenue recognition, royalty receivables, and related party transactions, they do not include a detailed balance sheet outlining the assets, liabilities, and equity of Beggars Pizza for either 2021 or 2022.
A prospective franchisee should request a full copy of Beggars Pizza's audited financial statements, including the balance sheets, income statements, and cash flow statements, to gain a comprehensive understanding of the company's financial health and performance. This will allow for a thorough review of Beggars Pizza's assets, liabilities, and overall financial position.