What is the deposits value for Gold Star Properties, LLC?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
| Repairs and Maintenance | 534,943 | | 590,096 | | 452,850 | | | Insurance and Employee Benefits | 627,508 | | 570,506 | | 603,409 | | | Rental Expense | 1,266,896 | | 1,398,953 | | 782,391 | | | Supplies and Printing | 386,976 | | 375,509 | | 476,074 | | | Professional Fees | 432,501 | | 497,206 | | 296,980 | | | Travel and Entertainment | 111,915 | | 107,848 | | 118,617 | | | Laundry and Uniforms | 63,170 | | 62,050 | | 43,702 | | | Charitable Contributions | 29,637 | | 26,256 | | 23,321 | | | Credit Loss Expense | 87,197 | | 275,483 | | 205,224 | | | Other Operating Expenses | 1,761,702 | | 1,043,859 | | 806,097 | | | Broker Fees | 198,190 | | 236,945 | | 226,791 | | | | | | | | | | | Total Selling, General and | | | | | | | | Administrative Expenses | $ 16,536,949 | $ | 15,025,353 | $ | 13,145,299 | |
GOLD STAR CHILI, INC. CONSOLIDATING BALANCE SHEET December 31, 2024
ASSETS
| Gold Star Chili, Inc. | Properties, LLC | TCWW, LLC | Eliminations | _ | Total | ||
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash | $ | 437,267 | $ 909,375 | $ 244,320 | $ - | $ | 1,590,962 |
| Accounts Receivable, Less Allowance for | ,, | ||||||
| Expected Credit Losses of $896,732 | 905,238 | 2,002,485 | 4,130 | (1,981,263) | 930,590 | ||
| Advance - Related Party | 3,441,832 | - | - | (3,441,832) | - | ||
| Other Receivables | 21,704 | - | 1,502 | - | 23,206 | ||
| Inventory | 980,151 | - | 27,923 | - | 1,008,074 | ||
| Prepaid Expenses | 166,348 | 109,041 | 15,154 | (12,824) | _ | 277,719 | |
| Total Current Assets | 5,952,540 | 3,020,901 | 293,029 | (5,435,919) | _ | 3,830,551 | |
| Property and Equipment | |||||||
| Land | - | 7,004,518 | - | (164,029) | 6,840,489 | ||
| Buildings | 4,127,417 | 10,257,116 | - | 817,551 | 15,202,084 | ||
| Leasehold Improvements | 5,500,864 | - | 429,641 | - | 5,930,505 | ||
| Furniture and Equipment | 5,913,212 | 184,794 | 535,932 | - | 6,633,938 | ||
| Vehicles | 100,623 | - | - | - | 100,623 | ||
| Construction in Progress | _ | 489,000 | - | - | . - | _ | 489,000 |
Source: Item 23 — Receipts (FDD pages 53–163)
What This Means (2025 FDD)
According to Gold Star's 2025 Franchise Disclosure Document, GSC Properties, LLC has deposits valued at $5,763 as of the consolidated balance sheet on December 31, 2024. This figure is part of the broader 'Other Assets' category for GSC Properties, LLC, which totals $5,763.
Deposits typically represent payments made to secure future services, leases, or purchases. For a prospective Gold Star franchisee, understanding the nature of these deposits could be important. They might relate to security deposits on leased properties or advance payments to suppliers.
It's also worth noting that Gold Star Chili, Inc. has a significantly larger deposit value of $154,174. The deposits for Gold Star Chili, Inc., GSC Properties, LLC, and TCWW, LLC combine for a total deposit value of $171,643. A franchisee should inquire about the nature of the deposits held by GSC Properties, LLC to understand their obligations and potential benefits.