What was the total value of 360 Painting's cash and cash equivalents in 2023?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
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 identif
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to the 2025 FDD, 360 Painting's cash and cash equivalents totaled $722,074 in 2023. This figure represents the amount of readily available funds the company had at its disposal at the end of that fiscal year.
For a prospective franchisee, understanding the franchisor's cash position can be important. A healthy cash balance suggests financial stability and the ability to support franchisees. It can also indicate the company's capacity to invest in new technologies, marketing initiatives, or other resources that benefit the franchise system.
It is worth noting that while this figure provides a snapshot of 360 Painting's cash reserves at a specific point in time, it does not reveal the full picture of the company's financial health. A prospective franchisee should review the complete financial statements, including the balance sheet, income statement, and cash flow statement, to gain a comprehensive understanding of the franchisor's financial condition and performance.