What is the value of the Series 2024-1 Class A2 financial liability for Jersey Mikes?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
| Financial Liabilities | Value | Fair Value | Value | Fair Value |
|---|---|---|---|---|
| Series 2019 Class A-2 | $ 4 96,250,000 | $ 4 90,543,125 | $ 4 96,250,000 | $ 4 69,303,625 |
| Series 2021 Class A-2-I | 248,750,000 | 238,551,250 | 248,750,000 | 224,646,125 |
| Series 2021 Class A-2-II | 248,750,000 | 221,462,125 | 248,750,000 | 207,681,375 |
| Series 2024-1 Class A2 | 750,000,000 | 743,025,000 | - | - |
Source: Item 23 — RECEIPTS (FDD pages 77–421)
What This Means (2025 FDD)
According to Jersey Mikes's 2025 Franchise Disclosure Document, the Series 2024-1 Class A2 financial liability is valued at $750,000,000. The fair value of this liability is listed as $743,025,000. These figures provide a snapshot of Jersey Mikes's financial obligations as of the date of the FDD.
This information is crucial for prospective franchisees as it offers insight into the financial structure and leverage of Jersey Mikes. Understanding the liabilities can help potential franchisees assess the financial stability of the company. A high level of liabilities may indicate higher financial risk, while a lower level could suggest a more stable financial foundation.
It is important to note that the table also lists other financial liabilities, such as the Series 2019 Class A-2 and Series 2021 Class A-2-I and A-2-II, each with its own value and fair value. Reviewing these figures in totality provides a more comprehensive understanding of Jersey Mikes's debt obligations. Franchisees should consult with financial advisors to fully understand the implications of these liabilities and how they might affect the franchise system's long-term health and stability.