What was the value of Crepe De Licious's shareholder receivable as of December 31, 2022?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
rtfolio segment and the related activity are as follows:
| Deferred income tax asset | $ 7,800 | | $ 9,300 | |---|---|---|---| | Deferred income tax liability | (500) | (7,300) | | | Total net deferred income tax asset | $ 7,300 | | $ 2,000 | In 2023, there was a significant
Source: Item 23 — RECEIPTS (FDD pages 57–233)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, the amount receivable from the sole shareholder at December 31, 2022, was $55,250. This receivable represents an amount due to the company from its shareholder, which does not have a stated interest rate, is unsecured, and has no set repayment terms.
For a prospective franchisee, this related-party transaction highlights the importance of understanding the financial relationships between Crepe De Licious and its affiliates or shareholders. While such transactions are not inherently problematic, they can raise questions about potential conflicts of interest or the allocation of resources within the company.
It is important to note that the shareholder receivable is unsecured and has no set repayment terms, which could pose a risk to Crepe De Licious if the shareholder is unable or unwilling to repay the amount. Franchisees should consider this information as part of their due diligence, assessing the overall financial health and stability of the franchisor.