What was the total liabilities and member's equity for Moes Southwest Grill?
Moes_Southwest_Grill Franchise · 2025 FDDAnswer from 2025 FDD Document
gregate, that raise substantial doubt about the Company'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.
Atlanta, Georgia March 7, 2025
Consolidated balance sheets
(In thousands)
| December 29, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 11,594 | $ 22,662 |
| Restricted cash and cash equivalents - securitization | 32,747 | 29,582 |
| Accounts receivable, net of allowance for credit losses of | ||
| $1,748 and $1,143 in 2024 and 2023, respectively | 44,272 | 37,049 |
| Inventories | 1,128 | 978 |
| Prepaid expenses and other current assets | 12,118 | 9,263 |
| Advertising funds assets | 9,927 | 7,643 |
| Intercompany receivables from Parent | 3,277 | 3,277 |
| Total current assets | 115,063 | 110,454 |
| Property, equi |
Source: Item 23 — Receipts (FDD pages 92–334)
What This Means (2025 FDD)
According to Moe's Southwest Grill's 2025 Franchise Disclosure Document, the total liabilities and member's equity for the financial year ending December 29, 2024, was $882,335, and for the year ending December 31, 2023, it was $882,596. It is important to note that the provided financial statements are for GoTo Foods Systems LLC and Subsidiaries, which includes Moe's Franchisor SPV LLC along with other brands like Auntie Anne's, Carvel, and Cinnabon. Therefore, these figures represent the consolidated financial position of the parent company and its subsidiaries, not solely Moe's Southwest Grill.
For a prospective franchisee, this information provides a glimpse into the overall financial structure of the parent company. A high level of liabilities might indicate higher financial risk, while the member's equity reflects the ownership stake in the company. However, because these figures are consolidated, they don't isolate the financial performance or stability of the Moe's Southwest Grill brand itself. A potential franchisee should consider this within the context of the entire GoTo Foods Systems LLC portfolio.
It is essential for a prospective Moe's Southwest Grill franchisee to request detailed financial information specific to the Moe's brand from the franchisor. This would include a breakdown of revenues, expenses, assets, and liabilities directly attributable to Moe's Southwest Grill operations. Understanding the brand-specific financials will allow for a more informed assessment of the financial health and stability of the franchise system they are considering joining. Furthermore, comparing these figures year-over-year can reveal trends and potential areas of concern or opportunity.