What were the total assets for All County in 2023?
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 company's total assets in 2023 were $195,181. This figure represents the sum of All County's current assets, property and equipment, and other assets at the end of the 2023 fiscal year. Total assets are a key indicator of the company's financial health and stability.
Specifically, the current assets included cash and cash equivalents of $80,928 and commissions receivable of $45,404. Property and equipment, net of accumulated depreciation, amounted to $44,207. Other assets, consisting of the National Ad Fund account, totaled $24,642. These components, when combined, resulted in the reported total assets for All County in 2023.
A prospective franchisee should consider the asset figures in relation to All County's liabilities and equity, also detailed in the financial statements. Reviewing these figures over the three-year period (2022-2024) can provide insights into the company's financial trends and overall performance. It's also advisable to compare these figures with those of other franchises in the property management sector to benchmark All County's financial position.