What was the amount of profits interest units compensation for Black Bear Diner in 2024?
Black_Bear_Diner Franchise · 2025 FDDAnswer from 2025 FDD Document
| Balance, December 30, 2021 | $ 67,537,110 | $ (20,196,680) | $ 47,340,430 |
|---|---|---|---|
| Profits interest units compensation | 69,000 | - | 69,000 |
| Net income | - | 6,486,430 | 6,486,430 |
| - | (13,529,000) | (13,529,000) | |
| Distributions, net | |||
| Balance, December 28, 2022 | 67,606,110 | (27,239,250) | 40,366,860 |
| Profits interest units compensation | 50,000 | - | 50,000 |
| Net income | - | 6,833,879 | 6,833,879 |
| - | (7,965,000) | (7,965,000) | |
| Distributions, net | |||
| Balance, December 27, 2023 | $ 67,656,110 | $ (28,370,371) | $ 39,285,739 |
Source: Item 23 — RECEIPT (FDD pages 56–243)
What This Means (2025 FDD)
The 2025 Franchise Disclosure Document for Black Bear Diner does not explicitly state the profits interest units compensation for the year 2024. However, the FDD does include a table showing the profits interest units compensation for the years 2022 and 2023. In 2022, the profits interest units compensation was $50,000, and in 2023, it was also $50,000.
Because the document does not include the information for 2024, a prospective Black Bear Diner franchisee should directly ask the franchisor for the profits interest units compensation figure for 2024 to gain a clearer understanding of the company's financial performance and compensation trends. This information can be crucial for making an informed investment decision.
Understanding the profits interest units compensation can provide insights into how the company values and rewards its stakeholders, which can be an important factor for potential franchisees assessing the overall financial health and management practices of Black Bear Diner.