What was the amount of Long-Term Receivables for Big Apple Bagels as of November 30, 2024?

According to Big Apple Bagels' 2025 Franchise Disclosure Document, the Long-Term Receivables as of November 30, 2024, were reported as $ - (zero dollars). This is in contrast to the previous year, November 30, 2023, when Long-Term Receivables were $3,511.

Receivables generally represent money owed to Big Apple Bagels by its franchisees or other parties. The "Long-Term" designation means these are amounts not expected to be collected within the next 12 months. The decrease to zero suggests that Big Apple Bagels collected these longer-term debts, wrote them off, or restructured them in some way during the 2024 fiscal year.

For a prospective franchisee, this detail provides insight into Big Apple Bagels' financial interactions with its franchisees and how it manages its receivables. A consistent record of long-term receivables might indicate payment plans or other financing arrangements offered to franchisees, while a balance of zero, as in 2024, could suggest stricter payment terms or successful debt collection practices. It is important to note that the details of these receivables are not specified in the table, and further investigation may be warranted to understand the nature of these receivables and their potential impact on the franchisee's financial obligations to Big Apple Bagels.