What was the total members' equity for Beggars Pizza in 2024?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 | 387,032 | 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 | 202
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Beggars Pizza's 2025 Franchise Disclosure Document, the total members' equity for the company in 2024 was $387,032. This figure represents the ownership stake in the company held by its members, which is calculated as the difference between the company's assets and its liabilities. In simpler terms, if Beggars Pizza sold all of its assets and paid off all its debts, $387,032 would be left over for the members.
For a prospective franchisee, understanding the members' equity can provide insights into the financial stability and overall health of Beggars Pizza. A higher members' equity generally indicates a stronger financial position, suggesting that the company has a solid foundation and is less reliant on debt financing. This can be reassuring for franchisees who are investing their own capital into the business, as it implies that Beggars Pizza is well-managed and has a sustainable business model.
It's also worth noting that the members' equity increased from $363,597 in 2023 to $387,032 in 2024, indicating a positive trend in the company's financial performance. This growth in equity could be attributed to various factors, such as increased profitability, efficient cost management, or strategic investments. While members' equity is just one aspect of the overall financial picture, it can be a valuable indicator of Beggars Pizza's long-term viability and potential for success.