What was the total amount of assets for 1-800-GOT-JUNK? as of May 31, 2025?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
May 31, 2025 and December 31, 2024
May 31 December 31
Notes
Assets
Current assets: Cash $ 11,635,584 $ 8,886,128 Short-term investment 103,622 102,578 Accounts receivable (net of allowance for credit losses: May 31, 2025 - $106,092 (2024 - $106,029)) 11,313,651 13,221,199 Prepaid expenses
82,279 319,453 Due from related parties 4,814,013 3,473,487 Income taxes recoverable
324,518 57,337
28,273,667 26,060,182
Vehicles 102,172 111,460 Intangible asset 89,680 40,745 Deferred income tax assets 2,153,795 2,213,502
$ 30,619,314 $ 28,425,889
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 company's total assets as of May 31, 2025, were $30,619,314. This figure is derived from the consolidated balance sheets, which are unaudited and expressed in United States dollars. These financial statements provide a snapshot of the company's financial position at that specific point in time.
Specifically, the assets are broken down into current and non-current categories. Current assets include cash ($11,635,584), short-term investments ($103,622), accounts receivable net of allowance for credit losses ($11,313,651), prepaid expenses ($82,279), amounts due from related parties ($4,814,013), and income taxes recoverable ($324,518). Non-current assets consist of vehicles ($102,172), intangible assets ($89,680), and deferred income tax assets ($2,153,795).
A prospective 1-800-GOT-JUNK? franchisee should note that these figures are unaudited and represent the financial position of the franchisor, not the franchisee. Reviewing these figures can provide insight into the financial health and stability of 1-800-GOT-JUNK?. However, it is important to consult with a financial advisor to fully understand the implications of these financial statements and how they might impact a franchisee's investment.