As of June 30, 2025, what was the amount due from affiliate for Belocal?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
d June 30, 2025, 2024 and 2023, respectively.
As of June 30, 2025 and 2024, the Company had an amount of $4,217,245 and $3,998,969, respectively, due from its affiliate. Had these transactions occurred as unrelated third party transactions, the fi
Source: Item 23 — RECEIPTS (FDD pages 71–242)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, as of June 30, 2025, the amount due from its affiliate was $4,217,245. This figure represents the balance owed to Belocal by its affiliate, N2 Company, for services rendered or other transactions between the two entities.
This related-party transaction is significant because Belocal derives its sales services revenue from N2 Company. The FDD notes that the company provides credit to its affiliate in the normal course of business and does not require collateral.
Prospective franchisees should be aware of the financial relationship between Belocal and its affiliate, as it could impact the stability and performance of the franchise system. It is important to understand the terms of these transactions and how they might affect the franchisee's own business operations and financial results. Franchisees should consider asking Belocal for more details on the nature of these transactions and the potential risks involved.