What is the total amount of Accrued Expenses and Other Liabilities for Gold Star Chili, Inc.?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
| Chili, Inc. | LLC | TCWW, LLC | Eliminations | Total | ||
|---|---|---|---|---|---|---|
| Current Liabilities | ||||||
| Line of Credit | $ 100,008 | $ | - $ | - $ | - $ 100,008 | |
| Installment Note Payable | 486,680 | 279,987 | - | - | 766,667 | |
| Advances - Related Party | 1,940,597 | - | - | (1,940,597) | - | |
| Accounts Payable Operating | 534,335 | 43,480 | 47,874 | (53,490) | 572,199 | |
| Operating Lease Liabilities | 824,874 | - | 103,424 | - | 928,298 | |
| Gift Card Liability | - | - | 70,167 | - | 70,167 | |
| Accrued Wages and Related Liabilities | 373,538 | - | 7,137 | - | 380,675 | |
| Accrued Expenses and Other Liabilities | (4,831) | 18,703 | (44) | - | 13,828 | |
| Deferred Franchise Fees | 14,775 | - | 1,100 | - | 15,875 | |
| Total Current Liabilities | 4,269,976 | 342,170 | 229,658 | (1,994,087) | 2,847,717 |
Source: Item 23 — Receipts (FDD pages 53–163)
What This Means (2025 FDD)
According to Gold Star's 2025 Franchise Disclosure Document, the Accrued Expenses and Other Liabilities for Gold Star Chili, Inc. is listed as a negative $4,831. This figure represents the amount owed by Gold Star for various accrued expenses and other liabilities at a specific point in time. It's important to note that this value can fluctuate due to the timing of payments and new expenses.
Accrued expenses typically include obligations like unpaid wages, taxes, interest, and other operational costs that have been incurred but not yet paid. Other liabilities can encompass a range of short-term financial obligations. The negative value listed for Gold Star Chili, Inc. could be due to a correction or adjustment made during the accounting period, or it could be offset by other accounting factors.
For a prospective franchisee, this specific figure is just one small component of the overall financial picture of Gold Star. It would be prudent to review the complete financial statements and consult with a financial advisor to understand the implications of all liabilities and expenses. Understanding the context behind this number would be essential to assess the financial health and stability of Gold Star.