What is the due date for the notes payable to stockholders for Capriottis Sandwich Shop?

According to the 2025 Capriottis Sandwich Shop Franchise Disclosure Document, the due dates for notes payable to stockholders vary. One set of notes, with interest ranging from 7.00% to 10%, is due through January 2026. Another set of notes, with interest ranging from 8.00% to 12.00%, is due through February 2026. Both sets are collateralized by the company's assets.

These notes payable to stockholders represent financial obligations of Capriottis Sandwich Shop. The fact that these notes are collateralized by the company's assets means that in the event of default, the stockholders have a claim on those assets.

As a prospective franchisee, it's important to understand the implications of these liabilities on the financial health of Capriottis Sandwich Shop. High levels of debt, especially short-term debt like these notes, could indicate potential financial strain. It would be prudent to inquire with Capriottis Sandwich Shop about their plans for managing and repaying these debts, and how these obligations might affect the company's ability to support its franchisees.

Understanding the repayment schedule and the interest rates associated with these notes is crucial for assessing the financial stability of Capriottis Sandwich Shop. A franchisee should also investigate whether these notes are being actively managed and reduced, or if the company is relying on rolling them over, which could indicate a longer-term debt issue.