What is the amount of 1 800 Packouts' current assets as of December 31?
1_800_Packouts Franchise · 2025 FDDAnswer from 2025 FDD Document
Accordingly, no such opinion is expressed.
- Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
- Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
Tanner UC April 5, 2024
| As of Deci | mber 31 |
|---|---|
| ------------ | --------- |
| Assets Current assets: Current assets: S. 1,338,811 $ 3,760,121 S. 1,60,121 S. 1,338,811 $ 3,760,121 S. 1,338,811 $ 3,760,121 S. 1,338,811 $ 3,760,121 S. 1,350,519 S. 1,350,519 S. 1,350,519 S. 1,350,519 S. 1,350,519 S. 1,350,519 S. 1,350,519 S. 1,350,519 S. 1,350,519 S. 1,350,519 S. 1,350,519 S. 1,350,519 S. 1,350,519 S. 1,350,519 S. 1,350,519 S. 1,350,519 S. 1,350,519 S. 1,350,519 S. 1,350,519 S. 1,350,519 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 S. 1,350,739 | , | ||||
|---|---|---|---|---|---|
| Current assets: Cash $ 1,338,811 $ 3,760,121 Restricted cash 840,143 543,616 Accounts receivable, net of an allowance for credit losses of 5105,953 and 558,660, respectively 3,532,277 2,360,599 Current portion of contract assets 1,382,859 1,350,919 Prepaid and other current assets 1,460,144 792,682 Total current assets 8,554,234 8,807,937 Goodwill, net 56,518,636 63,918,327 Intangible assets, net 50,358,496 56,518,636 63,918,327 Intangible assets, net of current portion 10,981,453 9,616,933 Operating lease right-of-use assets 1,246,432 1,153,787 Other assets $ 128,366,106 $ 138,338,836 |
Source: Item 23 — RECEIPT (FDD pages 67–238)
What This Means (2025 FDD)
According to 1 800 Packouts's 2025 Franchise Disclosure Document, the total current assets for the year ended December 31, 2023, were $8,554,234, and for the year ended December 31, 2022, the total current assets were $8,807,937. Current assets include cash, restricted cash, accounts receivable (net of allowance for credit losses), the current portion of contract assets, and prepaid and other current assets.
A prospective franchisee should understand the composition and changes in these current asset values. A decrease in total current assets from 2022 to 2023 could indicate a tightening of liquid resources or shifts in asset management. Analyzing the individual components of current assets, such as a rise or fall in accounts receivable or cash, can provide insights into the financial health and operational efficiency of 1 800 Packouts.
It is important to note that these figures reflect the financial position of the overall company, which includes multiple entities and not just the 1 800 Packouts franchise system alone. A potential franchisee should request more granular financial data specific to the franchise operations to assess its performance and stability. Understanding the trends in current assets can help a franchisee evaluate the company's ability to meet its short-term obligations and invest in future growth.