What was the net cash provided by (used in) financing activities for Lees Famous Recipe in 2023?
Lees_Famous_Recipe Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | ||
|---|---|---|---|---|
| Cash Flows from Financing Activities: | ||||
| Proceeds from notes payable | 9,000,000 | - | 15,687,999 | |
| Principal payments on notes payable | (783,128) | ( 94,059) | - | |
| Net cash provided by (used in) financing activities | 8,216,872 | ( 94,059) | 15,687,999 |
Source: Item 23 — RECEIPTS (FDD pages 70–287)
What This Means (2025 FDD)
According to Lees Famous Recipe's 2025 Franchise Disclosure Document, the net cash used in financing activities in 2023 was $(94,059). This figure represents the overall cash flow resulting from financing activities, which includes items such as proceeds from notes payable and principal payments on notes payable.
In 2023, Lees Famous Recipe had principal payments on notes payable of $(94,059) and no proceeds from notes payable. This resulted in net cash used in financing activities of $(94,059).
Prospective franchisees should understand that these figures reflect Lees Famous Recipe's corporate-level financial activities. Individual franchisee financing activities will vary based on their specific circumstances, including loans, equity contributions, and other financing arrangements they secure to establish and operate their Lees Famous Recipe franchise.