What was the total Crawlspace Medic royalty fees receivable as of December 31, 2021?

According to Crawlspace Medic's 2024 Franchise Disclosure Document, the total royalty fees receivable as of December 31, 2021, was $9,972. This figure represents the amount of royalty fees that Crawlspace Medic was owed by its franchisees but had not yet collected at the end of that year.

For a prospective Crawlspace Medic franchisee, this indicates the scale of outstanding royalty payments the company manages. It is typical for franchisors to have some amount of royalty fees receivable, as royalties are often paid in arrears based on the previous month's sales. This amount can fluctuate depending on the franchisees' sales performance and payment habits.

It's important to note that Crawlspace Medic management estimates that all royalty fees receivable are collectible. This suggests they have confidence in their franchisees' ability to pay and their internal collection processes. A potential franchisee may want to inquire about Crawlspace Medic's procedures for managing and collecting outstanding royalty fees to better understand the risk of potential non-payment and its impact on the franchisor's financial health.