What was the total amount of depreciation and amortization for Jersey Mikes in 2023?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
ation Transactions) that are related to the deferred franchise fees contributed. The Manager is obligated to provide services to the Company for the term of the Securit
Source: Item 22 — CONTRACTS (FDD page 77)
What This Means (2025 FDD)
According to Jersey Mikes' 2025 Franchise Disclosure Document, amortization of services due from the manager—related party amounted to $799,161 for the year ended December 31, 2023. This amortization relates to assets contributed upon the closing of a Securitization Transaction, specifically deferred franchise fees. The manager is obligated to provide services to the company for the term of these Securitization Transactions.
It is important to note that this figure only represents the amortization of services due from the manager related to the securitization transaction. The FDD excerpt does not specify the total depreciation and amortization expenses for Jersey Mikes in 2023.
To get a complete picture of Jersey Mike's depreciation and amortization for 2023, a prospective franchisee should ask the franchisor for the complete financial statements. This will provide a more comprehensive understanding of the company's financial performance.