What was the cash beginning of year for All County in 2023?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
| NET CHANGE IN CASH | 291,575 | 14,767 | 5,647 | |
|---|---|---|---|---|
| CASH BEGINNING OF YEAR | $ 80,928 | $ 66,161 | $ 60,514 | |
| CASH END OF YEAR | $ 372,503 | $ 80,928 | $ 66,161 |
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the cash beginning of the year in 2023 was $66,161. This figure represents the amount of cash and cash equivalents All County had at the start of its fiscal year on January 1, 2023. Cash and cash equivalents include demand deposits, time deposits, certificates of deposit, and highly liquid assets purchased with an initial maturity of three months or less.
This information is derived from the Statements of Cash Flows, which provide a summary of all cash inflows and outflows that occur during a specific period. The cash flow statement is one of the key financial statements that All County provides, along with the balance sheets and income statements, offering a view of the company's financial performance.
For a prospective franchisee, understanding the franchisor's cash flow is crucial. It provides insight into the financial stability and liquidity of All County. A healthy cash balance at the beginning of the year can indicate that the company has sufficient resources to meet its short-term obligations and invest in future growth. It's also important to review the trends in cash flow over multiple years to assess the consistency and sustainability of All County's financial performance.
Reviewing All County's financial statements, including the cash flow statement, balance sheets, and income statements, can help potential franchisees assess the financial health and stability of the company. This information, combined with other due diligence efforts, can help franchisees make informed decisions about investing in an All County franchise.