What was the balance of member's equity for 1-800-GOT-JUNK? as of December 31, 2023?

According to 1-800-GOT-JUNK?'s 2025 Franchise Disclosure Document, the balance of member's equity as of December 31, 2023, was $3,930,185. This figure represents the total equity held by the members of the 1-800-GOT-JUNK? LLC at the end of the 2023 fiscal year. This number is derived from the sum of member's equity and retained earnings.

The member's equity and retained earnings components that make up this total were $3,930,184 and $3,930,185 respectively. The balance reflects the accumulated profits and investments in the company up to that point in time. This number is an important indicator of the financial health and stability of 1-800-GOT-JUNK?.

Prospective franchisees should consider this figure in conjunction with other financial metrics provided in Item 21 of the FDD, such as revenue, expenses, assets, and liabilities, to gain a comprehensive understanding of 1-800-GOT-JUNK?'s financial performance. Reviewing the trend in member's equity over several years, as presented in the Consolidated Statements of Changes in Member’s Equity, can also provide insights into the company's profitability and growth trajectory. Comparing these figures to those of other franchise systems can also help a potential franchisee assess the relative financial strength of 1-800-GOT-JUNK?.

It is important to note that these figures are based on consolidated financial statements, which include the financial results of 1-800-GOT-JUNK? LLC and its subsidiary. The financial statements have been audited by KPMG LLP, indicating that they have been reviewed and deemed to be fairly presented in accordance with U.S. generally accepted accounting principles. However, prospective franchisees should conduct their own due diligence and consult with financial advisors to fully evaluate the financial risks and opportunities associated with investing in a 1-800-GOT-JUNK? franchise.