What was the total current assets for 1 800 Packouts in 2023?
1_800_Packouts Franchise · 2025 FDDAnswer from 2025 FDD Document
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 54,137,918 Contract 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 706,855 703,934 Total assets $ 128,366,106 $ 138,338,836 Liabilities and Members' Equity $ 655,035 $ 602,708 Accounts payable $ 655,035 $ 602,708 Accounts payable $ 655,035 $ 602,708 Accoured expenses 1,997,785 2,643,685 Current portion of contract liabilities 2,371,381 1,960,914 Current portion of poperating lease liabilities 229,780 154,246 Current portion of long-term de
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 in 2023 were $8,554,234. This figure represents the sum of 1 800 Packouts's assets that are expected to be converted into cash or used up within one year. These assets include cash, restricted cash, accounts receivable, current portion of contract assets, and prepaid and other current assets.
Understanding the composition of current assets is crucial for prospective franchisees. A significant portion of current assets is tied to accounts receivable ($3,532,277), indicating money owed to 1 800 Packouts by its customers. The ability to efficiently collect these receivables will directly impact the franchisee's cash flow and operational stability. Additionally, the current portion of contract assets ($1,382,859) represents revenue recognized on projects that are still in progress.
Comparing the 2023 figure to 2022 ($8,807,937) shows a slight decrease in total current assets. While not drastic, this change could reflect variations in sales, collection efficiency, or investment in other asset categories. Prospective franchisees should inquire about the factors contributing to this change and how 1 800 Packouts manages its current assets to ensure financial health and liquidity.
Overall, the level and composition of current assets provide insights into 1 800 Packouts's short-term financial health and operational efficiency. Franchisees should carefully evaluate these figures and seek clarification from the franchisor regarding any trends or potential risks associated with the company's current asset management.