What was the amount of Face Foundrie's credit card payable as of December 31, 2024?

According to Face Foundrie's 2025 Franchise Disclosure Document, the company's credit card payable as of December 31, 2024, was $19,368. The FDD also provides the credit card payable amounts for the prior two years. As of December 31, 2023, the credit card payable was $22,075, and as of December 31, 2022, it was $9,497. These figures represent the outstanding balances owed to various credit card issuers for business-related transactions.

The credit card balances primarily consist of expenses incurred for purchases of supplies, services, and other operating expenses. Face Foundrie monitors these balances closely and makes payments within the specified credit terms to avoid incurring additional costs such as interest charges or late payment penalties. This indicates a proactive approach to managing short-term liabilities.

For a prospective franchisee, understanding the franchisor's management of credit card payables can provide insight into their overall financial discipline. While credit card balances are a normal part of business operations, consistent and timely payments are crucial to maintaining a healthy financial standing. The decrease in Face Foundrie's credit card payable from 2023 to 2024 could be a positive sign, suggesting improved expense management or increased cash flow.