What was the value of Mr. Sandless' Accounts Receivable NSF as of February 28, 2025?

According to Mr. Sandless's 2025 Franchise Disclosure Document, the value of Accounts Receivable NSF as of February 28, 2025, was $622.75. This figure represents the amount of money owed to Mr. Sandless from franchisees or other parties that is currently not collectible due to non-sufficient funds (NSF). NSF typically arises when a payment is returned because the payer's bank account lacks sufficient funds to cover the payment.

Accounts Receivable NSF is a subset of the broader Accounts Receivable category, which represents the total amount of money owed to Mr. Sandless. The FDD also lists an allowance for doubtful accounts of -$21,183.00, which is an estimate of the amount of accounts receivable that Mr. Sandless does not expect to collect. The total accounts receivable, after accounting for doubtful accounts, is $102,071.14.

For a prospective franchisee, understanding the Accounts Receivable NSF and the allowance for doubtful accounts is important for assessing the financial health and stability of Mr. Sandless. While $622.75 is a relatively small amount, it's important to consider this in the context of the overall accounts receivable and the allowance for doubtful accounts. A high or increasing amount of NSF or doubtful accounts could indicate potential issues with franchisee payments or the financial stability of their customer base. It is important to note that the financial statements included in the FDD are unaudited.