What was the amount of cash paid for interest by Jersey Mikes in 2022?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
The consolidated statements of cash flows for the years ended December 31, 2024, 2023, and 2022, contain cash paid during the year for:
Source: Item 22 — CONTRACTS (FDD page 77)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the consolidated statements of cash flows for Jersey Mike's include cash paid for interest during the year. However, the excerpt does not specify the exact amount of cash paid for interest in 2022.
While the document mentions cash flow information, it does not provide a specific figure for interest paid. This level of detail is usually found in the financial statements included in the FDD.
A prospective franchisee should review the full financial statements in the FDD or request this information from Jersey Mike's to understand their interest expenses. Understanding the interest paid by Jersey Mike's can help a franchisee assess the financial health and stability of the company.