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What was the total amount of accounts receivable for Crepe De Licious in 2023?

Crepe_De_Licious Franchise · 2025 FDD

Answer from 2025 FDD Document

2024 2023 2022
Accounts receivable
Accounts receivable $ 53,606 $ 73,948 $ 43,172
Rebates receivable 26,800 26,499 4,508
Total accounts receivable $ 80,406 $ 100,447 $ 47,680

Source: Item 23 — RECEIPTS (FDD pages 57–233)

What This Means (2025 FDD)

According to Crepe De Licious's 2025 Franchise Disclosure Document, the total accounts receivable for the company in 2023 was $100,447. This figure represents the sum of accounts receivable ($73,948) and rebates receivable ($26,499) for that year.

Accounts receivable generally refers to the money owed to Crepe De Licious by its customers, primarily franchisees, for goods or services delivered but not yet paid for. Rebates receivable, on the other hand, represents the amount of money that Crepe De Licious expects to receive back from suppliers or other entities as part of a rebate program.

For a prospective franchisee, understanding the accounts receivable is crucial as it reflects the financial health and efficiency of Crepe De Licious in collecting payments. A high or increasing accounts receivable balance could indicate potential issues with franchisees' ability to pay or with the company's collection processes. Conversely, a stable and manageable accounts receivable balance suggests that Crepe De Licious is effectively managing its finances and maintaining healthy relationships with its franchisees.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.