As of December 27, 2021, what was the accounts receivable amount for Floyds 99?

According to Floyds 99's 2025 Franchise Disclosure Document, the accounts receivable as of December 27, 2021, was $77,185. The FDD also clarifies how Floyds 99 handles accounts receivable, noting that the balance consists of franchise fees, pass-through expenses due from franchisees, and royalties. These trade accounts receivable are stated at invoice amounts.

Floyds 99 reviews the accounts receivable on an ongoing basis to determine if an allowance for expected credit losses is necessary. For the fiscal years ended December 29, 2024, December 31, 2023, and December 25, 2022, the company did not record an allowance for credit losses because they assessed a minimal risk of such losses based on their historical experience, current conditions, and future expectations.

This indicates that Floyds 99 has been proactive in managing its accounts receivable and has not experienced significant credit losses in recent years. For a prospective franchisee, this suggests that the financial relationship with Floyds 99 is generally well-managed, and the risk of disputes over fees and royalties may be relatively low. However, it is important for potential franchisees to maintain good financial standing and pay their dues on time to avoid any potential issues with accounts receivable.