What was the amount due from shareholder to All County as of December 31, 2024?
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
Balance Sheets
at December 31, 2024, 2023, & 2022
| Year 2024 | Year 2023 | Year 2022 |
|---|
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the balance sheet includes a line item for 'Due from Shareholder.' However, the amount due from shareholder is not listed for the year 2024. The balance sheet shows that there was no amount due from shareholder to All County as of December 31, 2023, and December 31, 2022.
For a prospective franchisee, this means the FDD does not disclose whether any amounts were owed to All County by its shareholders as of the end of 2024. This could be important to understand the financial relationships between the company and its owners.
It would be prudent for a potential All County franchisee to ask the franchisor directly about any amounts due from shareholders, the historical trends of such amounts, and the terms for repayment. Understanding these related-party transactions can provide a clearer picture of All County's financial health and stability.