How much was in the All County National Ad Fund Account in 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 | |
|---|---|---|---|
| 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 |
| PROPERTY & EQUIPMENT: | |||
| Furniture, Fixtures & Equipment (net of | |||
| accumulated depreciation) | 54,245 | 44,207 | 26,025 |
| OTHER ASSETS: | |||
| National Ad Fund Account | 47,310 | 24,642 | 48,667 |
| TOTAL ASSETS | 470,860 | 195,181 | 236,144 |
| LIABILITIES AND MEMBERS' EQUITY | |||
| LIABILITIES | |||
| Current Liabilities | |||
| Accounts Payable | 84,174 | 161,791 | 46,337 |
| Note Payable to Stockholders - Current | - | 1,698 | 1,698 |
| Deferred Revenue | - | - | - |
| Total Current Liabilities | 84,174 | 163,489 | 48,035 |
| Long-Term Liabilities | |||
| Note Payable | 49,227 | - | - |
| Total Long-Term Liabilities | 49,227 | - | - |
| TOTAL LIABILITIES | 133,401 | 163,489 | 48,035 |
| STOCKHOLDERS' EQUITY (DEFICIT): | |||
| Common Stock, $1 par value | 200 | 200 | 200 |
| (1000 shares authorized / 200 issued & outstanding) | |||
| Additional Paid in Capital | 142,008 | 142,008 | 142,008 |
| Retained Earnings (Deficit) | 195,251 | (110,516) | 45,901 |
| STOCKHOLDERS' EQUITY (DEFICIT) | 337,459 | 31,692 | 188,109 |
| TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT) | $ 470,860 | $ 195,181 | $ 236,144 |
Statements of Income
For Years Ended 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 of the National Ad Fund Account was $47,310 as of December 31, 2024. This fund is used for advertising and marketing activities to benefit the All County franchise system. The amount in the National Ad Fund Account can fluctuate due to ongoing contributions and expenditures.
In 2024, the National Advertising Fund had revenues of $314,715 and expenditures of $289,830, resulting in a net income of $24,885 for the fund. These figures provide insight into the financial activity within the fund during the year.
A prospective franchisee should monitor the National Ad Fund's financial performance, as it reflects the brand's investment in marketing and advertising. A healthy fund balance and consistent revenue stream can support effective marketing campaigns, which can drive business to individual franchisees. It is important to note that All County also uses franchisee data to analyze the financial condition of the franchised business and create financial performance representations for the Franchise Disclosure Document.