What was the amount of cash paid for interest by Capriottis Sandwich Shop in 2024?
Capriottis_Sandwich_Shop Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 29, | December 31, | |
|---|---|---|
| Year ended | 2024 | 2023 |
| Other Income (Expense) | ||
| Interest expense | (1,565,997) | (1,379,854) |
Source: Item 23 — RECEIPTS (FDD pages 73–303)
What This Means (2025 FDD)
According to Capriottis Sandwich Shop's 2025 Franchise Disclosure Document, the company's interest expense for the year ending December 29, 2024, was $1,565,997. This figure represents the cost Capriottis Sandwich Shop incurred for borrowing money during that period.
For a prospective franchisee, understanding the franchisor's interest expenses can provide insight into the company's financial leverage and debt management. A high-interest expense might indicate that the company has a significant amount of debt, which could impact its financial stability and ability to support franchisees. Conversely, a lower interest expense could suggest a healthier financial position.
It's important to note that this interest expense reflects the franchisor's overall financial activities and may not directly correlate with the financial performance of individual franchise locations. However, it does contribute to the overall financial health of Capriottis Sandwich Shop, which can indirectly affect franchisees through the level of support and resources the franchisor can provide. Franchisees should consider this information as part of their due diligence, alongside other financial metrics and performance indicators, to assess the overall risk and opportunity associated with investing in a Capriottis Sandwich Shop franchise.