What was the amount of short-term investment for 1-800-GOT-JUNK? as of December 31, 2024?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
Assets
Current assets: Cash $ 6,452,149 $ 2,588,388 Short-term investment 100,578 100,175
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 short-term investment as of December 31, 2023, was $100,578, and as of December 31, 2022, it was $100,175. The document does not specify the short-term investment amount as of December 31, 2024.
Item 21 of the FDD includes the consolidated balance sheets, which detail the assets, liabilities, and member's equity of 1-800-GOT-JUNK?. These balance sheets provide a snapshot of the company's financial position at specific points in time. The balance sheet included in this excerpt provides figures for December 31, 2023, and December 31, 2022, but not for December 31, 2024.
A prospective 1-800-GOT-JUNK? franchisee should inquire with the franchisor about the short-term investment amount as of December 31, 2024, to gain a more current understanding of the company's financial status. Understanding the trends in short-term investments can provide insights into the company's liquidity and investment strategies.
It is important to note that the absence of the 2024 figure in this particular excerpt does not necessarily indicate a lack of transparency on the part of 1-800-GOT-JUNK?. Financial disclosures can be extensive, and specific details may be found in other sections of the FDD or can be obtained through direct inquiry.