What was the total amount of insurance proceeds Monicals Pizza received as of December 31, 2024?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
s of $461,551: $214,362 for roof damage at the stores in Mahomet and Decatur, IL; $12,398 for water damage at the store in Charleston, IL; $18,937 for property damage at the store in Paris, IL; and $215,854 for lost sales due to foodborne illness at the store in Washington, IL.
As of December 31, 2023 the Company received insurance procee
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, as of December 31, 2024, the company received a total of $461,551 in insurance proceeds. This amount is broken down into several categories of damages across different store locations.
The proceeds include $214,362 for roof damage at the Monicals Pizza stores located in Mahomet and Decatur, Illinois. Additionally, $12,398 was received for water damage at the Charleston, Illinois store. Property damage at the Paris, Illinois store resulted in insurance proceeds of $18,937. The largest portion of the insurance proceeds, $215,854, was for lost sales due to a foodborne illness at the Monicals Pizza location in Washington, Illinois.
This information is relevant for prospective franchisees as it provides insight into the types of unforeseen events that Monicals Pizza has experienced and for which insurance claims were filed. It demonstrates the importance of having adequate insurance coverage to protect against property damage, water damage, and business interruption losses, such as those resulting from foodborne illnesses. Franchisees should discuss with Monicals Pizza the required and recommended insurance coverages to ensure they are adequately protected against similar risks.