What is the total amount of current assets for 1 800 Packouts in 2021 compared to 2022?
1_800_Packouts Franchise · 2025 FDDAnswer from 2025 FDD Document
expressing an opinion on the\neffectiveness of the Company's internal control. 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 gove
Source: Item 23 — RECEIPT (FDD pages 67–238)
What This Means (2025 FDD)
According to 1 800 Packouts' 2025 Franchise Disclosure Document, the company's total current assets were $3,164,297 in 2021 and $8,807,937 in 2022. This represents a significant increase in current assets from one year to the next.
Current assets are liquid assets that can be converted to cash within one year. These include cash, restricted cash, accounts receivable, the current portion of contract assets, and prepaid expenses. For 1 800 Packouts, cash increased from $1,614,389 in 2021 to $3,760,121 in 2022, and accounts receivable increased from $907,535 to $2,360,599 during the same period.
A prospective 1 800 Packouts franchisee should consider the composition and trend of these current assets. A healthy growth in liquid assets indicates improved financial health and operational efficiency for 1 800 Packouts. Reviewing these figures helps potential franchisees assess the financial stability and growth trajectory of the franchise, which is a critical factor in their investment decision.