In what year was the note receivable created by Beyond Juicery Eatery, and from what was it converted?
Beyond_Juicery_Eatery Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 23 — RECEIPTS (FDD pages 60–337)
What This Means (2025 FDD)
According to Beyond Juicery Eatery's 2025 Franchise Disclosure Document, a note receivable exists with a related party. This note receivable, which does not bear interest, is due in 2028.
The note receivable was created in 2022. It was converted from existing accounts receivable.
For a prospective franchisee, this indicates that Beyond Juicery Eatery engages in financial transactions with related parties, and these transactions are documented as notes receivable. While the note itself doesn't directly impact franchisees, understanding these related-party transactions can provide insight into the company's financial practices.