As of October 31, 2023, what is the total amount of the note receivable that Carbones Pizzeria has from a franchisee?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
ed liability company which is owned by the stockholder of the Company (See Note 5).
Notes to Consolidated Financial Statements For the Year Ended October 31, 2023
4. Note Receivable
The Company has
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to Carbones Pizzeria's 2025 Franchise Disclosure Document, as of October 31, 2023, the company has a note receivable from a franchisee totaling $60,500. The note bears interest at a rate of 4.5%.
The repayment schedule for this note includes monthly principal and interest payments of approximately $1,000, set to commence in March 2024. This arrangement indicates that Carbones Pizzeria has provided financing to at least one of its franchisees.
For a prospective franchisee, this information highlights that Carbones Pizzeria may, under certain circumstances, offer financial assistance to franchisees. However, it is important to note that this is not guaranteed, and the terms of any such financing, including interest rates and repayment schedules, can vary. A potential franchisee should inquire about the availability and terms of financing options directly with Carbones Pizzeria during their due diligence process.