What was the total Crawlspace Medic royalty fees receivable as of December 31, 2020?

According to Crawlspace Medic's 2024 Franchise Disclosure Document, the total royalty fees receivable as of December 31, 2020, was $13,890. This figure represents the amount of royalty fees that Crawlspace Medic was owed but had not yet received from its franchisees at the end of that year.

For a prospective franchisee, this indicates the scale of outstanding payments Crawlspace Medic might typically carry on its books. Royalty fees are a percentage of gross sales that franchisees pay to the franchisor, so receivable amounts reflect recent sales activity for which payment is still pending.

The FDD also notes that management estimates all royalty fees are collectible at the end of each year, including 2020. This suggests that Crawlspace Medic has a history of successfully collecting outstanding royalty payments and does not anticipate significant losses from uncollectible fees. Franchisees should still inquire about the franchisor's collection policies and procedures to fully understand the risk of potential disputes or delays in royalty payments.