What was the amount of write-offs for Bw Premier Collection in 2023?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
| (in thousands) | 2023 | 2022 |
|---|---|---|
| Beginning balance | $ 17,373 | $ 21,213 |
| Recoveries | 1,478 | 1,210 |
| Provisions | 794 | (1,650) |
| Write offs | (3,220) | (3,400) |
| Ending balance | $ 16,425 | $ 17,373 |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, write-offs in 2023 amounted to $3,220,000. This figure is part of a table presenting financial data related to the brand. The table also includes the beginning and ending balances, recoveries, and provisions for 2023.
Write-offs typically represent uncollectible debts or assets that are deemed to have no value and are removed from the company's balance sheet. For a prospective Bw Premier Collection franchisee, this number provides insight into the financial management and potential debt-related challenges within the Bw Premier Collection system. Monitoring write-offs can be an indicator of the financial health of the overall franchise system.
It's important to note that the table presents data in thousands of dollars, so the stated amount of (3,220) translates to $3,220,000. Reviewing these figures in comparison to previous years, such as 2022, can reveal trends and potential areas of concern or improvement within Bw Premier Collection's financial operations. A prospective franchisee should consider this information as part of their due diligence process to assess the financial stability and risk associated with investing in a Bw Premier Collection franchise.