What was the cash and restricted cash at the end of the year for 1 800 Packouts in 2022?
1_800_Packouts Franchise · 2025 FDDAnswer from 2025 FDD Document
| Balance as of January 1, 2023 | | $ | 77,059,237 | | | Equity-based compensation | | | 201,589 | | | Net | | | (15,967,953) | | | loss | | | | | | Balance as of December 31, 2023 | | | 61,292,873 | | | Equity-based compensation | | | 163,300 | | | Member units issued for acquisition (Note 2) | | | 3,000,000 | | | Repurchase of member units | | | (4,878,129) | | | Net | | | (12,250,006) | | | loss | | | | | | Balance as of December 31, 2024 | | $ | 47,328,038 | |
For the Years Ended December 31,
| STATE | EFFECTIVE DATE | |---|---| | | | | California | | | Hawaii | | | Illinois | | | Indiana | | | Maryland | | | Michigan | | | Minnesota | | | New York | | | North Dakota | | | Rhode Island | | | South Dakota | | | Virginia | | | Washington | | | Wisconsin | | For the Years Ended December 31,
| | 2024 | 2023 | |----------------------------------------------------
Source: Item 23 — RECEIPT (FDD pages 67–238)
What This Means (2025 FDD)
According to 1 800 Packouts's 2025 Franchise Disclosure Document, the combined cash and restricted cash at the end of 2023 was $2,295,492. The FDD does not provide the combined cash and restricted cash amount at the end of 2022. Instead, the FDD provides the cash and restricted cash amounts for 2024 and 2023.
To determine the combined cash and restricted cash for 1 800 Packouts at the end of 2022, a prospective franchisee should consider asking the franchisor for the company's balance sheets or other financial statements that detail the cash and restricted cash positions for that specific year. This information is crucial for understanding the company's financial health and liquidity during that period.
Understanding the trend in cash and restricted cash can help a franchisee assess the financial stability and growth trajectory of 1 800 Packouts. Reviewing these figures over several years provides a more comprehensive view of the company's financial performance and its ability to manage its cash resources effectively.