What is the related party receivables amount for Chester's International, LLC in 2023?
Chesters Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | ||
|---|---|---|---|
| Related party receivables | $ 1,354,649 | $ 1,117,539 | |
| Related party payables (included in accounts payable) | $ 670,506 | $ 686,208 | |
| --- | --- |
Source: Item 23 — **RECEIPTS (FDD pages 48–197)
What This Means (2025 FDD)
According to Chester's 2025 Franchise Disclosure Document, the related party receivables for 2023 was $1,354,649. The related party receivables represent the amount of money due to Chester's from its related parties.
In addition, the FDD states that the related party payables (included in accounts payable) was $670,506 in 2023. Related party payables represent the amount of money Chester's owes to its related parties.
It is important to note that these figures are from the franchisor's financial statements, which are included as part of the FDD. A prospective franchisee should carefully review these financial statements and consult with a financial advisor to understand the financial health of Chester's.