What were the total non-current liabilities for Bombs Away Franchising LLC on December 31, 2023?

According to Bombs Away's 2024 Franchise Disclosure Document, the total non-current liabilities for Bombs Away Franchising LLC on December 31, 2023, were $65,397. These liabilities consist of deferred revenue of $6,000 and an amount due to a related party of $59,397.

Non-current liabilities are obligations that Bombs Away owes, which are not expected to be settled within one year. For a prospective franchisee, understanding the franchisor's liabilities can provide insight into the financial stability and obligations of the company. A high level of liabilities, especially those due to related parties, might indicate potential financial risks or dependencies.

It is important to note that 'Due to Related Party' means that Bombs Away owes money to an individual or entity that is closely connected to the company, such as a principal, owner, or affiliate. This type of liability warrants further investigation to understand the terms of the debt, the relationship between the parties, and any potential impact on the franchisor's financial health. Deferred revenue represents payments Bombs Away has received for services or products that have not yet been delivered or earned.

Prospective franchisees should carefully review the complete financial statements and notes within Item 21 of the FDD, and consult with a financial advisor, to fully understand the implications of Bombs Away's liabilities and overall financial condition before making an investment decision.