What was the total amount of other receivables for Chili, Inc. related to Gold Star?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
| Gold Star Chili, Inc. | GSC Properties, LLC | TCWW, LLC | Eliminations | Total | |||||
|---|---|---|---|---|---|---|---|---|---|
| Changes In | |||||||||
| Other Receivables | (589) | - | - | - | (589) |
Source: Item 23 — Receipts (FDD pages 53–163)
What This Means (2025 FDD)
According to Gold Star's 2025 Franchise Disclosure Document, the total amount of other receivables for Gold Star Chili, Inc. is reported as a negative $589. This figure represents the net balance of what is owed to Gold Star from various sources, offset by any allowances for doubtful accounts. The amount is listed under the 'Changes In' section of the cash flow statement, specifically for operating activities.
For a prospective franchisee, this number provides insight into the company's financial management and its ability to collect outstanding debts. A negative value in other receivables could indicate efficient collection practices or a conservative approach to recognizing revenue. However, it's essential to consider this figure in the context of overall financial health and trends.
It is important to note that this amount pertains specifically to Gold Star Chili, Inc. and does not include the other entities listed in the consolidated financial statement, such as GSC Properties, LLC, or TCWW, LLC, as their other receivables are listed separately or are zero. Reviewing these figures over several years would give a better understanding of Gold Star's financial stability and operational efficiency.