What was the total value of Jersey Mikes' accounts receivable (net) in 2023?

According to Jersey Mike's 2025 Franchise Disclosure Document, the value of accounts receivable for the company in 2023 was $4,952,023. This figure represents the amount of money owed to Jersey Mike's by its customers or franchisees for goods or services that have been delivered but not yet paid for. Accounts receivable is considered a current asset, reflecting its short-term nature and expectation of conversion to cash within a year.

For a prospective franchisee, understanding the accounts receivable is crucial as it reflects the financial health and efficiency of Jersey Mike's operations. A high accounts receivable balance might indicate potential issues with collecting payments, while a low balance suggests efficient collection processes. This information, in conjunction with other financial metrics, can help a franchisee assess the overall stability and profitability of the franchise system.

It's important to note that this figure is a snapshot in time and can fluctuate based on various factors, including sales volume, payment terms, and collection efforts. Franchisees should consider this number in the context of Jersey Mike's broader financial statements and industry trends to gain a comprehensive understanding of the company's financial performance.