What was the total value of all assets for Beyond Juicery Eatery in 2023?
Beyond_Juicery_Eatery Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company has restricted cash equal to the amount of unspent advertising funds on deposit. A total of $0, $21,982, and $945 of cash is restricted for that purpose at December 31, 2024, 2023, and 2022, respectively.
Trade Accounts Receivable
Notes Receivable
As disclosed in Note 4, the Company has a note receivable due from a related party that does not bear interest and matures in 2028. The note was created during 2022 and was converted from existing accounts receivable.
Guarantee
The Company has guaranteed a loan of Beyond Juicery Eatery Holdings, LLC, a sister entity of the Company. In the event of a default by the affiliate, the Company could be obligated to repay the full amount outstanding on the loan. The maximum potential future obligations under this guarantee total $150,000, $250,000, and $250,000 as of December 31, 2024, 2023 and 2022, respectively, and are payable through 2026. In the event the Company is required to make payments under this guarantee, the Company could seek to recover those amounts from the affiliate; however, the Company does not hold specific recourse or collateral rights in connection with the guarantee. As of December 31, 2024, the Company is unaware of any circumstances that would require performance under this guarantee.
Expenses and Reimbursements
The Company pays expenses on behalf of certain related parties, and sometimes these related parties will pay expenses on behalf of the Company. The Company records receivables and payables based on the nature of each transaction. At December 31, 2024, 2023, and 2022, the Company had a net payable of $588,090, $762,765, and $730,123, respectively.
Source: Item 23 — RECEIPTS (FDD pages 60–337)
What This Means (2025 FDD)
I am unable to provide the total asset value for Beyond Juicery Eatery in 2023, as this information is not present within the provided excerpts from the 2025 Franchise Disclosure Document. While the excerpts include financial statements and notes, they do not specify the total asset value.
However, the excerpts do contain other financial details. For example, the document mentions restricted cash amounts for 2023, which totaled $21,982. It also discusses trade accounts receivable and notes receivable, as well as a guarantee on a loan for a sister entity. Expenses and reimbursements between Beyond Juicery Eatery and related parties are also detailed, including a net payable of $762,765 as of December 31, 2023.
A prospective franchisee should ask Beyond Juicery Eatery for the balance sheets from the audited financial statements. These statements will provide a comprehensive view of the company's assets, liabilities, and equity for 2023. Understanding the franchisor's financial health is crucial for making an informed investment decision.