When are the notes payable to stockholders due through for Capriottis Sandwich Shop?

According to Capriottis Sandwich Shop's 2025 Franchise Disclosure Document, the notes payable to stockholders have varying due dates. Some notes, with interest rates ranging from 7.00% to 10%, are due through January 2026. Additionally, there are other notes payable to stockholders with interest rates ranging from 8.00% to 12.00%, which are due through February 2026. Both sets of notes are collateralized by the company's assets.

These notes represent significant financial obligations for Capriottis Sandwich Shop. The fact that these notes are collateralized by the company's assets means that in the event of default, the stockholders could potentially claim those assets. This could impact the financial stability of the company and, by extension, the franchisees.

Prospective franchisees should be aware of these obligations, as they could affect the financial health of Capriottis Sandwich Shop. It would be prudent to inquire about the specific terms of these notes, the repayment schedule, and the potential impact on the company's operations. Understanding the details of these financial obligations can help a franchisee assess the overall risk and stability of the franchise system.