What was the amount of All County's cash and cash equivalents as of December 31, 2022?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
ults of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America
Joe Teston CPA Advisors St. Petersburg, Florida January 28, 2025
Joe Teston CPA Advisors
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Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the company's cash and cash equivalents as of December 31, 2022, totaled $66,131. This figure is part of the company's balance sheet, reflecting the liquid assets All County had readily available at that specific point in time. Cash and cash equivalents are crucial for covering immediate obligations and operational expenses.
For a prospective All County franchisee, understanding the franchisor's financial health is essential. A healthy cash position suggests that All County is capable of supporting its franchisees and investing in the brand's growth. It also indicates the company's ability to manage its own financial obligations and weather potential economic downturns.
The balance sheet provides a snapshot of All County's assets, liabilities, and equity. In addition to cash and cash equivalents, the balance sheet includes details on accounts receivable, property and equipment, and various liabilities. Reviewing these figures can offer insights into the company's overall financial stability and its ability to meet its financial obligations. Franchisees should analyze these figures to assess the financial strength of All County before investing in a franchise.