What was the cash amount listed on the consolidated balance sheet for 1-800-GOT-JUNK? as of May 31, 2025?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
ITEM 21. Financial Statements
Our unaudited financial statements as at May 31, 2025; and our audited financial statements as at December 31, 2024, December 31, 2023, and December 31, 2022; are attached to this disclosure document as Exhibit E. 4899-8658-3815.1
ITEM 22. Contracts
All proposed agreements regarding the franchise offering are attached as follows:
Exhibit B - Franchise Agreement Exhibit F - Guarantee, Postponement and Covenants Exhibit G - General Security Agreement Exhibit H - National Account Service Agreement Exhibit I - State-Specific Addenda Exhibit J - Franchisee Disclosure Questionnaire and Certification Exhibit K - Form of General Release
EXHIBIT E Financial Statements THESE FINANCIAL STATEMENTS ARE PREPARED WITHOUT AN AUDIT. PROSPECTIVE FRANCHISEES OR SELLERS OF FRANCHISES SHOULD BE ADVISED THAT NO CERTIFIED PUBLIC ACCOUNTANT HAS AUDITED THESE FIGURES OR EXPRESSED HIS/HER OPINION WITH REGARD TO THE CONTENT OR FORM. Consolidated Financial Statements (Unaudited - Expressed in United States dollars) 1-800-GOT-JUNK? LLC For the 5-month period ended May 31, 2025 1-800-GOT-JUNK? LLC Consolidated Balance Sheets (Unaudited - Expressed in United States dollars)
May 31, 2025 and December 31, 2024
May 31 December 31
Notes
Assets
Current assets: Cash $ 11,635,584 $ 8,886,128
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 consolidated balance sheet lists cash as $11,635,584 as of May 31, 2025. This figure is part of the current assets listed on the balance sheet. The document also provides a comparative figure for December 31, 2024, which shows a cash balance of $8,886,128.
This information is important for prospective franchisees as it provides a snapshot of 1-800-GOT-JUNK?'s cash position at a specific point in time. A healthy cash balance suggests that the company has sufficient liquid assets to meet its short-term obligations and invest in future growth. Franchisees may want to analyze these figures in conjunction with other financial data to assess the overall financial health and stability of 1-800-GOT-JUNK?.
It is important to note that these are unaudited figures, as indicated in the FDD. While the FDD includes audited financial statements as of December 31, 2024, December 31, 2023, and December 31, 2022, the May 31, 2025 statements are specifically marked as unaudited. Prospective franchisees should consider this when evaluating the financial information and may want to seek professional financial advice to interpret these statements.