What was the total stockholders' equity (deficit) for All County in 2024?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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): |
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the total stockholders' equity (deficit) for the company in 2024 was $337,459. This figure represents the net worth of All County from the perspective of its stockholders, calculated by subtracting total liabilities from total assets. It includes common stock valued at $200, additional paid-in capital of $142,008, and retained earnings of $195,251.
For a prospective All County franchisee, this number provides insight into the financial stability and overall health of the franchisor. A positive and growing stockholders' equity generally indicates that the company is financially sound and has been profitable. This can be reassuring for franchisees who are considering investing in the All County brand.
However, it's important to consider this figure in conjunction with other financial metrics and trends. Reviewing the changes in stockholders' equity over the three years presented (2022-2024) can give a more comprehensive understanding of All County's financial performance. Additionally, potential franchisees should compare these figures to industry benchmarks to assess All County's relative financial strength.