What was the balance in All County's National Ad Fund Account 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
Balance Sheets
at December 31, 2024, 2023, & 2022
| Year 2024 | Year 2023 | Year 2022 | |
|---|---|---|---|
| ASSETS | |||
| CURRENT ASSETS: | |||
| Cash and Cash Equivalents | $ 372,503 | $ 80,928 | $ 66,131 |
| Commissions Receivable, net | (3,198) | 45,404 | 95,321 |
| Due from Shareholder | - | - | |
| Notes Due from Franchisees | - | - | |
| Total Current Assets | 369,305 | 126,332 | 161,452 |
| PROPERT |
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the balance in the National Ad Fund Account as of December 31, 2022, was $48,667. This figure is part of the company's assets reported for that year. The National Ad Fund is used to promote the All County brand and support marketing initiatives.
For a prospective franchisee, understanding the National Ad Fund balance is important because it indicates the financial resources available for marketing and advertising efforts. A healthy fund balance can contribute to stronger brand recognition and customer acquisition, which can benefit individual franchisees.
It's also worth noting the changes in the National Ad Fund Account balance over the years. In 2023, the balance was $24,642, and in 2024, it was $47,310. These fluctuations can reflect the timing of contributions and expenditures related to advertising campaigns. Franchisees may want to inquire about the specific plans for the National Ad Fund and how it will be used to support their businesses.
Reviewing the revenues and expenses related to the National Advertising Fund can provide further insights. In 2022, the National Advertising Fund Revenues were $236,533, and the expenses were $(150,732). This resulted in a total National Advertising Fund of $85,801 for that year. Understanding these details can help a franchisee assess the effectiveness and transparency of All County's advertising efforts.