What was the Crawlspace Medic royalty fees receivable for the Charlotte location as of December 31, 2022?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
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NOTE C -- ROYALTY FEES RECEIVABLE
Royalty fees receivable consist of the following at December 31:
| Location | 2022 | 2021 | 2020 | |||
|---|---|---|---|---|---|---|
| Crawlspace Medic - | $ | - | $ | 3,880 | $ 5,239 | |
| Charlotte | ||||||
| Crawlspace Medic - | - | 4,448 | 6,492 | |||
| Columbia | ||||||
| Crawlspace Medic - | - | 1,644 | - | |||
| Nashville | ||||||
| Crawlspace | - | - | 2,159 | |||
| Medic – | ||||||
| Virginia | ||||||
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2024 FDD)
According to Crawlspace Medic's 2024 Franchise Disclosure Document, the royalty fees receivable for the Charlotte location as of December 31, 2022, is not explicitly stated as a specific dollar amount. However, there is a table that includes royalty fees receivable for the Charlotte location. The table provides the royalty fees receivable for the Charlotte location as $3,880 as of December 31, 2021.
It is important to note that the table does not provide the specific royalty fees receivable for the Charlotte location as of December 31, 2022. The table only provides the royalty fees receivable for the Charlotte location as of December 31, 2021. The table also includes royalty fees receivable for the Columbia and Nashville locations.
A prospective franchisee should inquire with Crawlspace Medic about the royalty fees receivable for the Charlotte location as of December 31, 2022, to gain a clearer understanding of the financial performance of that specific location. Understanding the royalty fees receivable can help a franchisee assess the financial health and stability of individual franchise locations.