What was the balance of Accounts Receivable for Big Apple Bagels as of November 30, 2023?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
| Accounts Receivable | Contract Liabilities | |
|---|---|---|
| Balance at November 30, 2022 |
Source: Item 23 — RECEIPTS (FDD pages 87–319)
What This Means (2025 FDD)
According to Big Apple Bagels' 2025 Franchise Disclosure Document, the balance of Accounts Receivable as of November 30, 2023, was $40,786. This figure represents the amount of money owed to Big Apple Bagels by its customers or franchisees for goods or services provided on credit.
For a prospective franchisee, understanding the accounts receivable balance is important as it reflects the efficiency of Big Apple Bagels in collecting payments and managing its finances. A higher accounts receivable balance might indicate potential issues with payment collection, while a lower balance suggests effective financial management.
It's also worth noting that the FDD provides additional details on various types of receivables, such as franchise-related accounts, notes, and lease receivables. As of November 30, 2023, the franchise-related accounts receivable was $55,781, notes receivable was $30,873, and lease receivable (net of unamortized interest) was $38,306. These figures offer a more granular view of the different revenue streams and financial obligations within the Big Apple Bagels franchise system.