What is the amount of notes receivable, less current portion, for Ledgers in 2023?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|
| Non-Current Assets: | |||||||
| Notes receivable, less current portion | = | 634,000 |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers's 2025 Franchise Disclosure Document, the notes receivable, less current portion, in 2023 was equal to zero.
This figure represents the amount of money owed to Ledgers that is not expected to be paid within the next 12 months. Notes receivable typically arise from financing arrangements related to area representative and unit franchise agreements. A zero balance in this category could indicate that Ledgers did not have any long-term notes receivable outstanding in 2023, or that these notes were fully collected or written off.
A prospective franchisee should investigate the reasons behind fluctuations in Ledgers's notes receivable. Understanding the nature of these notes and the company's practices for managing and collecting them is essential for assessing the financial health and stability of the franchisor.