What was the total amount of member contributions receivable for Clean Your Dirty Face in 2024?

According to Clean Your Dirty Face's 2025 Franchise Disclosure Document, the total amount of member contributions receivable in 2024 was $300,000. This figure represents the amount of money that was due to Clean Your Dirty Face from its members (franchisees) as of the end of the 2024 financial year, but which had not yet been collected. This is reported as an asset on the company's balance sheet.

For a prospective Clean Your Dirty Face franchisee, this indicates the level of outstanding payments owed to the franchisor. It is important to note that while these receivables are considered assets, there is a risk that some portion may not be collected. This risk is somewhat mitigated by the fact that Clean Your Dirty Face's franchisees have remained constant since the company's inception, which allows the company to reasonably calculate expected credit losses.

The FDD also indicates that Clean Your Dirty Face management has determined that the allowance for credit losses is not material to the financial statements, and therefore the allowance for credit losses is $0 at December 31, 2024. This suggests that Clean Your Dirty Face has a high degree of confidence in its ability to collect these receivables. However, a potential franchisee should still inquire about the terms and conditions under which these contributions are collected and what measures Clean Your Dirty Face takes to ensure timely payment.