What was the total value of cash and cash equivalents for Afuri Ramen Dumpling?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
ton, WA 98233
CANADA
BC: 604.531.6638 AB: 587.293.9595
VSH, PLLC -
| CURRENT ASSETS Cash and cash equivalents | S | 926,082 | s | 467,067 |
|---|---|---|---|---|
| Accounts receivable | ъ. | 48,765 | 4 | 22,323 |
| Prepaid Expense | 4,484 | 9,720 | ||
| Total current assets | - | 979,331 | - | 499,110 |
| 7 3437 5477 5477 5477 5477 5477 5477 547 | 1.0 | 0.0,001 | - | 100,110 |
| PROPERTY AND EQUIPMENT | _ | 5,647 | _ | 7,153 |
| NONCURRENT ASSETS | ||||
| Due from parent | 318,321 | |||
| Intangible assets | 94,996 | 69,040 | ||
| Total noncurrent assets | 94,996 | _ | 387,361 | |
| TOTAL ASSETS | _$ | 1,079,974 | $ | 893,624 |
| LIABILITIES AND STOCKHOLD | ER'S EQU | ITY | ||
| CURRENT LIABILITIES | ||||
| Accounts payable | $ | 1,141 | $ | 16,031 |
| Credit cards payable | 547 | 2,175 | ||
| Due to franchisees, gift cards | 7,993 | 1,165 | ||
| Due to parent | 62,760 | |||
| Current portion of note payable, related party | - 1 | 20,000 | ||
| Deferred revenue, current portion | 82,663 | 55,323 | ||
| Total current liabilities | 155,104 | _ | 94,694 | |
| NONCURRENT LIABILITIES | ||||
| Note payable, related party, net of current portion | 60,000 | |||
| Deferred revenue, net of current portion | 921,394 | - | 750,173 | |
| Total noncurrent liabilities | 921,394 | = | 810,173 | |
| TOTAL LIABILITIES | 1,076,498 | _ | 904,867 | |
| STOCKHOLDER'S EQUITY (DEFICIT) | ||||
| Common stock, no par, | ||||
| 100 shares authorized, issued and outstanding | ||||
| Additional paid-in capital | 18,000 | 18,000 | ||
| Accumulated deficit | (14,524) | (29,243) | ||
| Total stockholder's equity (deficit) | 3 | 3,476 | _ | (11,243) |
| TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY | $ | 1,079,974 | $ | 893,624 |
| REVENUE | _ | 2021 | - | |
|---|---|---|---|---|
| Royalties | $ | 268,809 | $ | 155,904 |
| Initial franchise fees | 33,266 | 47,564 | ||
| Marketing fees | 32,628 | 8,886 | ||
| Franchise Reimbursements | 294 | |||
| Total revenue | 1 | 334,997 | 212,354 | |
| OPERATING EXPENSES | ||||
| Management fees | 175,279 | 98,000 | ||
| Professional services | 31,543 | 38,880 | ||
| Travel | 36,471 | 20,848 | ||
| Advertising and marketing | 12,130 | 15,183 | ||
| Business taxes | 10,874 | 10,249 | ||
| Licenses | 11,744 | 10,026 | ||
| Office and other business expenses | 11,094 | 9,339 | ||
| Meals and entertainment | 8,094 | 8,520 | ||
| Gift card program | 6,207 | 6,702 | ||
| Franchise service costs | 7,660 | 6,209 | ||
| Bank charges | 2,231 | 1,898 | ||
| Depreciation expense | 1,506 | 376 | ||
| Dues and subscriptions | 5,501 | |||
| Total operating expenses | 320,334 | 226,230 | ||
| INCOME (LOSS) FROM OPERATIONS | - | 14,663 | _ | (13,876) |
| OTHER INCOME (EXPENSE) | ||||
| Miscellaneous income | 2,160 |
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, the cash and cash equivalents for the year ending in 2022 was $938,851 and for the year ending in 2021 was $926,082.
This figure represents the total amount of liquid assets readily available to Afuri Ramen Dumpling to meet its short-term obligations and fund its operations. Cash equivalents are defined as highly liquid investments with original maturities of three months or less.
A prospective franchisee should consider these figures in relation to other financial metrics provided in the FDD, such as total assets, liabilities, and equity, to gain a comprehensive understanding of Afuri Ramen Dumpling's financial health and stability. Reviewing these trends over multiple years can provide insights into the company's financial performance and its ability to support its franchisees.