What was the amount of member's equity for 1-800-GOT-JUNK? as of December 31, 2023?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
Years ended December 31, 2023 and 2022
Total
Member’s Retained member’s
equity earnings equity
Balance, December 31, 2021 $ $ 4,028,549 $ 4,028,550
Net loss and comprehensive loss
(172,216) (172,216)
Balance, December 31, 2022
3,856,333
3,856,334
Net income and comprehensive income
73,851 73,851 Balance, December 31, 2023 $ $ 3,930,184 $ 3,930,185
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to 1-800-GOT-JUNK?'s 2025 Franchise Disclosure Document, the total member's equity as of December 31, 2023, was $3,930,185. This amount is comprised of retained earnings of $3,930,184.
For a prospective franchisee, this figure represents the ownership stake in the company held by its member(s). It reflects the accumulated profits and losses of the company over time, less any distributions made to the member(s). A higher member's equity generally indicates a stronger financial position for 1-800-GOT-JUNK?.
It's important to note that this equity figure is just one snapshot of the company's financial health. A prospective franchisee should review the entire financial statement, including the balance sheets, income statements, and cash flow statements, to gain a comprehensive understanding of 1-800-GOT-JUNK?'s financial performance and stability. Additionally, it is advisable to consult with a financial advisor to interpret these statements in the context of the franchise opportunity.