What was the amount due from affiliates for Belocal as of June 30, 2025?

According to Belocal's 2025 Franchise Disclosure Document, the amount due from its affiliate as of June 30, 2025, was $4,217,245. This indicates the balance that Belocal's affiliate, N2 Company, owed to Belocal as of that date.

This related-party transaction is important for prospective franchisees to understand because it highlights the financial relationship between Belocal and its affiliate. Such transactions can impact the financial performance and stability of the company. The FDD also notes that the company derives its sales services revenue from one customer, its affiliate, N2 Company.

It is important to note that the FDD states, "Had these transactions occurred as unrelated third party transactions, the financial results may have varied significantly." This suggests that the terms of these transactions might not be the same as those that would occur between independent entities, which could affect Belocal's reported financial results. A prospective franchisee should consider the implications of these related-party transactions and how they might affect the overall financial health and stability of Belocal.