What was the total amount of assets for All Dogs Unleashed as of December 31, 2023?
All_Dogs_Unleashed Franchise · 2025 FDDAnswer from 2025 FDD Document
nts, considered in the aggregate, that raise substantial doubt about ADU Franchise limited liability company's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Dallas, Texas March 20, 2025
| As of December 31, | 2024 | 2023 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 223,010 | $ 267,519 |
| Unbilled revenue | 28,537 | 24,799 |
| Prepaid expenses | 5,937 | - |
| Deferred costs | 1,000 | 1,000 |
| Total current assets | 258,484 | 293,318 |
| Intangible assets | 45,824 | - |
| Deferred costs, net | 7,003 | 8,003 |
| Due from members | 56,000 | 56,000 |
| Due from affiliates | 15,570 | - |
Source: Item 23 — RECEIPTS (FDD pages 49–158)
What This Means (2025 FDD)
According to All Dogs Unleashed's 2025 Franchise Disclosure Document, the company's total assets as of December 31, 2023, were $357,321. This figure represents the sum of all the company's assets, including current assets like cash, unbilled revenue, prepaid expenses, and deferred costs, as well as intangible assets, net deferred costs, and amounts due from members and affiliates.
Understanding the asset composition can provide prospective franchisees with insights into the financial health and structure of All Dogs Unleashed. A significant portion of the assets consisted of current assets, indicating the company's ability to meet its short-term obligations. Additionally, the presence of intangible assets and deferred costs suggests investments in long-term growth and development.
Reviewing the liabilities and members' equity alongside the assets offers a more complete picture of the company's financial standing. As of December 31, 2023, All Dogs Unleashed had total liabilities and members' equity matching the total assets, amounting to $357,321. This balance sheet provides a snapshot of the company's financial position at a specific point in time, reflecting the resources it owns and the obligations it owes to others.
Prospective franchisees should analyze these financial statements carefully, possibly with the assistance of a financial advisor, to assess the financial stability and potential risks associated with investing in an All Dogs Unleashed franchise. Understanding the company's assets, liabilities, and equity can aid in making an informed decision about the franchise opportunity.