What was the total amount of liabilities for Bw Premier Collection as of November 30, 2024?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
e Consolidated Statements of Revenues and Expenses.
The Company's expense related to the NQP was $4.2 million (including a liability increase associated with net investment gains of $3.8 million as of November 30, 2024) and $1.3 million (including a liability increase associated with net investment gains of $1.0 million as of November 30, 2023) for the years ended November 30, 2024 and 2023, respectively, and is included in compensation, taxes and benefits in the Consolidated Statements of Revenues and Expenses. The Company's total liability for the NQP was $17.5 million and $17.3 million as of November 30, 2024 and 2023, respectively, of which the current portion of $5.3 million and $3.9 million is included in accounts payable and accrued liabilities in the Consolidated Statements of Financial Position as of November 30, 2024 and 2023, respectively.
Long-term Incentive Plan
The Company has a long-term incentive plan for key executives, as determined by the Board of Directors. Amounts awarded under the plan for each performance period are payable to each key executive in March of the third year from the beginning of the fiscal year for which the award is granted. The key executive must be employed by the Company or retired from the Company on the payment date, noting there are qualifying events with regard to vesting. The plan allows for proration of the accrued benefit for key executives because of death, disability or retirement. The Company records expense for this plan over the three-year required service period. The Company's expense related to this plan was $1.6 million and $1.6 million for the years ended November 30, 2024 and 2023, respectively, and is included in compensation, taxes and benefits in the Consolidated Statements of Revenues and Expenses. The Company's total liability for this longterm incentive plan was $3.2 million and $2.9 million as of November 30, 2024 and 2023, respectively, of which the current portion of $1.4 million and $1.2 million is included in accounts payable and accrued liabilities in the Consolidated Statements of Financial Posi
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
Based on the 2025 FDD, it is not possible to determine the total liabilities for Bw Premier Collection as of November 30, 2024. While the document mentions specific liabilities related to the Non-Qualified Plan (NQP) and the Long-Term Incentive Plan, it does not provide a comprehensive balance sheet or statement of financial position that would detail all liabilities.
The FDD does mention that the company's total liability for the NQP was $17.5 million as of November 30, 2024, with a current portion of $5.3 million included in accounts payable and accrued liabilities. Additionally, the total liability for the long-term incentive plan was $3.2 million as of the same date, with a current portion of $1.4 million included in accounts payable and accrued liabilities. These figures offer insight into specific liability categories but do not represent the complete picture of Bw Premier Collection's financial obligations.
To fully understand the financial health of Bw Premier Collection, a prospective franchisee should request the complete financial statements, including the balance sheet, from the franchisor. This will provide a clear view of all assets, liabilities, and equity, allowing for a thorough assessment of the company's financial stability and risk. Understanding the total liabilities is crucial for evaluating the financial obligations Bw Premier Collection has and its ability to meet those obligations.