How much in insurance proceeds did Monicals Pizza receive in 2022, and what was the reason for the payment?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
s totaling $33,290: $25,352 for property damage at the store in Springfield, IL; and $7,938 for dumpster damage at the store in Bourbonnais, IL.
NOTE 12 – SUBSEQUENT EVENTS
The Company has evaluated sub
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
The 2025 Monicals Pizza Franchise Disclosure Document does not specify the amount of insurance proceeds the company received in 2022. However, it does state that as of December 31, 2023, Monicals Pizza received $33,290 in insurance proceeds. Of that amount, $25,352 was for property damage at the store in Springfield, IL, and $7,938 was for dumpster damage at the store in Bourbonnais, IL.
Because the document only provides information on insurance proceeds received as of December 31, 2023, it is not possible to determine the specific amount received in 2022. A prospective franchisee should ask Monicals Pizza for clarification on the insurance proceeds received in 2022 to gain a better understanding of the company's financial performance and risk management.
Understanding the nature and amount of insurance proceeds can help a franchisee assess potential risks and the company's ability to recover from unforeseen events. This information is crucial for making an informed investment decision.