What was the total amount owed to Healthsource Chiropractic on notes receivable - trade at the end of 2023?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
At times the Company provides extended payment terms and/or adds addendums to certain franchise agreements and regional developer agreements. Accordingly, such receivables are categorized as notes receivable trade.
The amounts owed the Company on such notes receivable - trade at December 31 was as follows:
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, the company sometimes provides extended payment terms or adds addendums to franchise and regional developer agreements, categorizing these receivables as notes receivable - trade. The FDD does not, however, specify the exact amounts owed to Healthsource Chiropractic on these notes receivable as of December 31, 2023.
While the document acknowledges the existence of these notes receivable, it omits the specific financial figures for the stated period. This information would typically be found in the financial statements detailing the company's assets and liabilities.
A prospective franchisee should inquire directly with Healthsource Chiropractic about the total amount of notes receivable - trade outstanding at the end of 2023 to gain a clearer understanding of the company's financial health and the payment terms extended to other franchisees or developers. This information can be crucial in assessing the financial stability of the franchise system.