What was the total stockholder's equity (deficit) for All County at the end of 2023?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
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|
| Total National Advertising Fund | 24,885 | 81,159 | 85,801 |
|---|---|---|---|
| NET INCOME | 448,390 | 271,100 | 216,956 |
See accompanying Auditor's Report and Notes to the Financial Statements
Statements of Stockholders' Equity (Deficit) For Years Ended December 31, 2024, 2023, & 2022
| Year 2024 | Year 2023 | Year 2022 | |
|---|---|---|---|
| COMMON STOCK | |||
| Balance, Beginning & End of Year | $ 200 | $ 200 | $ 200 |
| ADDITIONAL PAID IN CAPITAL | |||
| End of Year | 142,008 | 142,008 | 142,008 |
| RETAINED EARNINGS (DEFICIT) | |||
| Retained Earnings Balance, Beginning of Year | (110,516) | 188,109 | 14,567 |
| Stockholder Contributio |
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the total stockholder's equity (deficit) at the end of 2023 was $31,692. This figure represents the net worth of All County from the perspective of its stockholders, taking into account common stock, additional paid-in capital, and retained earnings (or deficits). It is a key indicator of the company's financial health and stability.
For a prospective All County franchisee, this number provides insight into the financial structure of the company. A positive stockholder's equity generally indicates that the company has more assets than liabilities. However, it is important to review this figure in conjunction with other financial metrics, such as revenue, expenses, and cash flow, to get a comprehensive understanding of All County's financial performance.
It's also worth noting the components that make up the total stockholder's equity. For 2023, these include common stock, additional paid-in capital, and retained earnings (deficit). Retained earnings represent the accumulated profits that All County has reinvested in the business, while a deficit indicates accumulated losses. In All County's case, the retained earnings were in deficit for 2023, which reduced the overall stockholder's equity. Franchisees should investigate the reasons behind the deficit to assess any potential risks.