What was the net change in cash for All County in 2024?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
| nd of Year | 195,251 | (110,516) | 45,901 |
|---|---|---|---|
| TOTAL STOCKHOLDER'S EQUITY (DEFICIT), END OF YEAR | $ 337,459 | $ 31,692 | $ 188,109 |
See accompanying Auditor's Report and Notes to the Financial Statements
Statements of Cash Flows For Years Ended December 31, 2024, 2023, & 2022
| Year 2024 | Year 2023 | Year 2022 | ||
|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Net Income (Loss) | $ 448,390 | $ 271,100 | $ 216,956 | |
| Adjustments to reconcile Net Income (Loss) | to net cash provided (used) by operating activities: | |||
| Depreciation | 21,008 | 1,399 | - | |
| (Increase) decrease in: | ||||
| Accounts & Commisisons Receivable | 48,602 | 49,917 | (51,911) | |
| National Ad Fund Account | 15,512 | 18,686 | - | |
| Prepaid Expenses | - | - | 15,126 | |
| Note Payable | 49,227 | - | - | |
| Accounts Payable | (77,617) | 115,454 | 9,008 | |
| Accrued Interest due to Stockholders | (1,698) | - | - | |
| Deferred Revenue | - | - | - | |
| Net cash provided by operating activities | 503,424 | 456,556 | 189,179 | |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Purchase of property and equipment | (49,227) | (45,606) | (1,010) | |
| Net cash provided by investing activities | (49,227) | (45,606) | (1,010) | |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||
| Net Repayments of Advances from Stockholders | - | - | 3,100 | |
| Stockholder Contributions and (Distributions) | (162,622) | (396,183) | (185,622) | |
| Net cash provided by financing activities | (16 |
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the net change in cash for the company in 2024 was $291,575. This indicates an increase in All County's cash reserves during the year, which can be a sign of positive financial performance and efficient cash management.
This increase in cash could be attributed to various factors, such as increased revenues, decreased expenses, or efficient collection of accounts receivable. For a prospective franchisee, this information suggests that All County is managing its finances effectively, which could translate to better support and resources for franchisees.
It's also important to consider the beginning and ending cash balances. All County started 2024 with $80,928 in cash and ended the year with $372,503. This substantial increase in cash position further reinforces the positive financial trend for the company during that period. Reviewing these figures in the context of All County's overall financial statements can provide a more comprehensive understanding of the company's financial health and stability.