What was the total amount of insurance proceeds Monicals Pizza received as of December 31, 2023?

According to Monicals Pizza's 2025 Franchise Disclosure Document, the company received a total of $33,290 in insurance proceeds as of December 31, 2023. This amount includes $25,352 for property damage at the Monicals Pizza store located in Springfield, IL, and $7,938 for dumpster damage at the store in Bourbonnais, IL.

Insurance proceeds can be an important source of revenue for a franchise system, especially when unexpected damages occur at specific locations. These proceeds can help cover the costs of repairs and other expenses, ensuring that the Monicals Pizza location can continue operations with minimal disruption.

It is important to note that the insurance proceeds received in 2023 were significantly less than the $50,915 received in 2022 for property damage at the corporate office location in Bradley, IL. This variance highlights the unpredictable nature of insurance claims and the importance of having adequate coverage to protect against potential losses. Franchisees should ensure they understand the insurance requirements outlined in the franchise agreement and maintain sufficient coverage to protect their investment.

While the FDD provides information on insurance proceeds received by Monicals Pizza, it does not detail the specific insurance policies held by the company or its franchisees. Prospective franchisees should inquire about the types and amounts of insurance coverage required, as well as the process for filing claims and receiving reimbursement for covered losses.