What was the amount of accounts receivable from Green Sky SW for Buildingstars at the end of 2023?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
NTS**
December 31, 2024, 2023 and 2022
NOTE 6 — RETIREMENT PLAN
The Company has a 401(k) plan which covers eligible employees. Matching contributions to the plan are discretionary and were $240,605, $126,500, and $103,925 for the years ended December 31, 2024, 2023 and 2022, respectively.
NOTE 7 — TRANSACTIONS WITH ENTITIES UNDER COMMON CONTROL
The Company purchases janitorial supplies from Green Sky SW. Total purchases from Gre
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 34–43)
What This Means (2025 FDD)
According to Buildingstars's 2025 Franchise Disclosure Document, the accounts receivable from Green Sky SW was $34,911 as of December 31, 2023. Green Sky SW is identified as a supplier from which Buildingstars purchases janitorial supplies.
Accounts receivable represents money owed to Buildingstars by Green Sky SW. This could arise from various transactions, such as overpayments or rebates due to Buildingstars. The FDD also indicates that Buildingstars had accounts payable to Green Sky SW of $63,724 at the end of 2023, meaning Buildingstars owed Green Sky SW more than Green Sky SW owed Buildingstars.
Prospective franchisees should be aware of these related-party transactions, as they can impact the financial performance of Buildingstars. It is important to understand the nature of these transactions and how they might affect the franchisee's business.