What was the royalty receivables amount for Fast Fix Jewelry And Watch Repairs in 2023?
Fast_Fix_Jewelry_And_Watch_Repairs Franchise · 2025 FDDAnswer from 2025 FDD Document
not yet been recognized, a contract liability (deferred revenue) also is recorded.
Note 3. Accounts Receivable
Accounts receivable consists of the following at December 31:
| | 2 | 024 | 2023 | |------------
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 37)
What This Means (2025 FDD)
According to Fast Fix Jewelry And Watch Repairs' 2025 Franchise Disclosure Document, the royalty receivables for 2023 were $424,640. This figure represents the amount of royalty fees that Fast Fix Jewelry And Watch Repairs had earned but not yet collected from its franchisees as of December 31, 2023.
For a prospective franchisee, royalty receivables indicate the franchisor's financial health and the ability of franchisees to pay their dues. A high receivables amount could suggest potential issues with franchisees' profitability or payment compliance. Conversely, a lower amount might indicate efficient collection processes or healthier franchisee revenues.
It's important to note that this is just one financial metric among many. A prospective Fast Fix Jewelry And Watch Repairs franchisee should consider this figure in conjunction with other financial data, such as revenue trends, bad debt expenses, and overall franchisee profitability, to gain a comprehensive understanding of the franchise system's financial stability.