What was the issuance of note receivable for Big Apple Bagels in 2024?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
| Years Ended November 30, 2024, 2023 and 2022 | ||||
|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||
| Investing Activities | ||||
| Sale of equipment | 16,700 | - | - | |
| Advances to affiliates (net of repayments) | (172,652) | (276,802) | (324,240) | |
| Issuance of note receivable | (25,610) | - | - | |
| Net Cash Used in Investing Activities | (181,562) | (276,802) | (324,240) |
Source: Item 23 — RECEIPTS (FDD pages 87–319)
What This Means (2025 FDD)
According to Big Apple Bagels' 2025 Franchise Disclosure Document, the issuance of note receivable in 2024 was $(25,610). This figure represents a cash outflow related to notes receivable during the investing activities for the fiscal year.
For a prospective franchisee, this indicates that Big Apple Bagels provided financing to others in the form of notes, decreasing their cash holdings by $25,610 in 2024. Notes receivable are essentially loans that the company expects to be repaid, and the issuance of these notes suggests that Big Apple Bagels is involved in financing activities beyond its core franchising operations.
It is important to note that the issuance of notes receivable can impact the company's financial health and cash flow. While it can generate interest income in the future, it also ties up cash in the short term. Franchisees should consider this information when evaluating the financial stability and investment activities of Big Apple Bagels.