What was the reported cash amount for All States M.E.D.?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
Miami, Florida April 25, 2024
Balance Sheet
December 31, 2023
Assets
Cash
$5,320
Source: Item 23 — RECEIPTS (FDD pages 44–174)
What This Means (2024 FDD)
According to All States M.E.D.'s 2024 Franchise Disclosure Document, the balance sheet as of December 31, 2023, shows specific asset amounts. The report lists cash totaling $5,320.
This figure represents the amount of cash All States M.E.D. had on hand at the close of its financial period in 2023. For a prospective franchisee, this indicates the financial position of the franchisor at that time. It is important to consider this figure in conjunction with other financial metrics to assess the overall financial health and stability of All States M.E.D.
Understanding the franchisor's cash position can help a franchisee evaluate the resources All States M.E.D. has available for supporting its franchisees and investing in the growth of the franchise system. A healthy cash balance suggests that the franchisor is managing its finances effectively and has the ability to meet its financial obligations.