What is the amount of notes receivable, current, for Ledgers in 2022?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
doubt about Loyalty Business Services, LLC's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
Bernard Robinson & Company, I.S.P.
Raleigh, North Carolina April 28, 2025
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Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the notes receivable, current, for 2022 was $229,901. This figure represents the amount of money owed to Ledgers that is expected to be collected within one year.
Notes receivable typically arise from financing arrangements Ledgers has with its area representatives and unit franchisees. These promissory notes may bear interest up to 12%, as further detailed in Note 4.
Prospective franchisees should pay close attention to the notes receivable, as it can indicate the financial health of Ledgers and its franchisees. A high amount of notes receivable could indicate that franchisees are struggling to make payments, which could ultimately impact Ledgers' revenue and profitability. Conversely, a low amount could indicate that Ledgers is effectively managing its credit risk and that its franchisees are financially stable.