What were the accounts payable for Central Bark Doggy Day Care as of December 31, 2023?
Central_Bark_Doggy_Day_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
nder the name "Central Bark." The Company extends credit to customers located throughout the United States.
Basis of accounting:
The financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.
Receivables:
Trade accounts receivable represent monthly royalty and service fees collected from each franchise. Trade accounts receivable are recorded at the invoiced amount and do not bear interest. Trade receivables are typically outstanding for 30 days or less.
Source: Item 1 — Franchisee shall have paid all Royalty Fees, advertising fund contributions, LAC contributions, amounts owed for purchases by Franchisee from Franchisor, or Franchisor's affiliates, and all other amounts owed to Franchisor, Franchisor's affiliates, and third-party creditors, and shall have submitted to Franchisor all required reports and statements; (FDD pages 106–233)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, the specific amount of accounts payable for Central Bark Doggy Day Care as of December 31, 2023, is not explicitly disclosed. However, the document does provide some context regarding the company's financial practices.
The FDD mentions that trade accounts receivable, representing monthly royalty and service fees collected from each franchise, are typically outstanding for 30 days or less. It also states that the company extends credit to customers throughout the United States. Additionally, the brand fund contributions, which are a percentage of monthly gross sales or a minimum of $500, are treated as a liability until disbursed for advertising and promotional activities. These details offer insight into the types of financial transactions Central Bark Doggy Day Care engages in.
While the exact figure for accounts payable is not provided, prospective franchisees can gain a better understanding of the company's financial health by reviewing the complete financial statements, which would include this information. It is important for potential franchisees to request and carefully examine these statements to assess the company's liabilities and overall financial stability before making an investment decision. Understanding the accounts payable can help in evaluating the company's short-term obligations and its ability to manage its debts.