What was the net cash used in investing activities for Big Apple Bagels in 2023?

According to Big Apple Bagels' 2025 Franchise Disclosure Document, the net cash used in investing activities for the year ended November 30, 2023, was $(276,802). This figure represents the total cash outflow related to investments made by Big Apple Bagels during that fiscal year. These activities can include the purchase of equipment, advances to affiliates, and other investments that are intended to support the company's long-term growth and operations.

Specifically, the investing activities included advances to affiliates (net of repayments) totaling $(276,802). This indicates that Big Apple Bagels provided financial support to its affiliated entities, which required a significant cash outlay. There was no sale of equipment or issuance of note receivable during this period.

For a prospective franchisee, understanding these figures is crucial as it provides insight into how Big Apple Bagels manages its finances and invests in its business. A high net cash outflow in investing activities could indicate significant investments in growth, but it's important to assess whether these investments are generating sufficient returns. Reviewing these figures over several years, as presented in the FDD, can provide a more comprehensive understanding of the company's investment strategy and its potential impact on the franchisee's business.