What was the total amount of cash used in investing activities for Jersey Mikes in 2023?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |||
|---|---|---|---|---|---|
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||||
| Acquisition of property and equipment | ( 46,362,832) | (3,083,446) | (2,760,058) | ||
| Acquisition of intangible assets | (7,976,497) | (4,915,059) | (9,014,486) | ||
| Notes receivable—net | (2,617,910) | (228,842) | 2,522,637 | ||
| Due from unconsolidated affiliates—net | (3,540,894) | (4,622,250) | 1,726,844 | ||
| Net cash used in investing activities | ( 60,498,133) | (12,849,597) | (7,525,063) |
Source: Item 23 — RECEIPTS (FDD pages 77–421)
What This Means (2025 FDD)
According to Jersey Mikes's 2025 Franchise Disclosure Document, the net cash used in investing activities in 2023 was $(12,849,597). This figure represents the total cash outflow from investments made by the company during that year. These investments include the acquisition of property and equipment, acquisition of intangible assets, notes receivable, and due from unconsolidated affiliates.
Specifically, the acquisition of property and equipment resulted in a cash outflow of $(3,083,446), while the acquisition of intangible assets led to an outflow of $(4,915,059). Additionally, notes receivable resulted in $(228,842) cash used, and due from unconsolidated affiliates resulted in $(4,622,250) cash used. These individual cash outflows sum up to the total net cash used in investing activities.
For a prospective franchisee, understanding these figures is crucial as it provides insight into how Jersey Mikes is allocating its resources for long-term growth and development. A significant investment in property, equipment, and intangible assets could indicate a focus on expanding and improving its infrastructure, which could ultimately benefit franchisees. However, it's also important to consider these figures in conjunction with other financial data to assess the overall financial health and stability of the company.