What were the total liabilities for All County in 2023?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
| Year 2024 | Year 2023 | Year 2022 | |
|---|---|---|---|
| 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 |
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 liabilities in 2023 were $163,489. This figure represents the sum of current liabilities ($163,489) and long-term liabilities (listed as $0 for that year).
Specifically, the current liabilities consisted of accounts payable ($161,791) and a note payable to stockholders ($1,698). There were no deferred revenues listed for 2023. The long-term liabilities consisted of a note payable, but the value for 2023 was $0.
Prospective franchisees should consider All County's liabilities as part of their due diligence. Understanding the company's financial obligations can provide insights into its financial stability and management practices. Reviewing these figures over several years, as presented in the FDD, can reveal trends and potential risks or opportunities.