What was the total value of 1 800 Packouts' cash assets in 2023?
1_800_Packouts Franchise · 2025 FDDAnswer from 2025 FDD Document
opinion on the effectiveness of the Company'sinternal 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 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.
April 23, 2025
| (1) | 2024 | 2023 | |
|---|---|---|---|
| Assets | |||
| Current assets: | |||
| Cash | $ | 3,690,691 | $ 1,455,349 |
| Restricted cash | - | 840,143 | |
| Accounts receivable, |
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 cash assets totaled $1,455,349 in 2023. This figure is part of the company's consolidated balance sheet, reflecting the total amount of cash held by 1 800 Packouts at the end of the 2023 fiscal year.
In addition to cash, the company also held $840,143 in restricted cash in 2023. Restricted cash is cash that is designated for a specific purpose and not available for general use.
These figures provide a snapshot of 1 800 Packouts' financial health and liquidity at the end of 2023. Prospective franchisees may want to compare these figures to previous years and industry benchmarks to assess the company's financial performance and stability. Reviewing the complete balance sheet and other financial statements is essential for a comprehensive understanding.