What was the total value of Monicals Pizza's total liabilities in 2024?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
$ 24,487,539 | $ 26,439,259 |
CONSOLIDATED STATEMENTS OF INCOME
Monical Pizza Corporation & Subsidiaries………………...Bradley, Illinois…………For the Years Ended December 31,
2024 2023 45,815,328 1,005,855 46,585,248 46,821,183 11,953,858 17,728,791 5,702,647 3,828,519 1,165,083 4,935,692 173,597 163,266 (461,551) (33,290) 45,043,421 45,444,566 1,541,827 1,376,617 307,758 (34,864) 33,464 - (2,404) 307,531 303,954 1,849,358 1,680,571 $ 4.73 $ 4.30 391,250 $ 45,624,409 $ 960,839 11,176,742 18,051,846 5,779,342 4,022,912 1,119,873 5,180,660 306,125 (34,125) 35
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the consolidated statements of income for Monical Pizza list figures for the years ending December 31, 2024, and December 31, 2023. However, the excerpt does not provide a specific value for the company's total liabilities in either of those years.
While the document includes consolidated balance sheets as of December 31, 2024 and 2023, and related statements of income, owner's equity, and cash flows, the provided excerpts do not contain the actual figures for total liabilities. The excerpt focuses on auditor's consent, reports, and significant accounting policies, but it omits the detailed financial data necessary to determine the total liabilities.
A prospective franchisee should review the complete financial statements within Item 23 of the FDD to find the specific figure for Monical Pizza's total liabilities as of December 31, 2024. If this information is not present, they should ask the franchisor directly for this figure to fully understand the company's financial obligations.