What was the amount of All Team's other funding liabilities in 2024?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| CURRENT LIABILITIES | ||
| Accounts payable - trade | $ 2,646 | $ 3,528 |
| Due to stockholder | 14,772 | 39,378 |
| Current maturity of operating lease liability | 58,709 | 53,626 |
| Credit line payable | 859,983 | 1,321,084 |
| Accrued expenses | 124,879 | 231,956 |
| Other funding liabilities | 1,133,303 | 919,887 |
| Total Current Liabilities | 2,194,292 | 2,569,459 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the company's other funding liabilities totaled $1,133,303 in 2024. This figure is part of the company's current liabilities, which represent obligations due within a year. Reviewing All Team's liabilities can provide insight into the company's financial obligations and short-term financial health.
For a prospective franchisee, understanding the nature of these 'other funding liabilities' is crucial. It's important to determine what these liabilities consist of, such as loans, deferred revenue, or other obligations. This information can help a franchisee assess the financial stability of All Team and its ability to meet its own financial commitments. A high level of short-term liabilities relative to assets could indicate potential financial strain.
Comparing the 2024 figure of $1,133,303 to the 2023 figure of $919,887 shows an increase in other funding liabilities. This increase could be due to various factors, such as increased borrowing, changes in payment terms with suppliers, or new financial obligations. It is important to investigate the reasons behind this increase to determine if it represents a positive or negative trend for All Team.
Prospective franchisees should seek clarification from All Team regarding the specific components of these 'other funding liabilities'. Understanding the terms, interest rates, and repayment schedules associated with these liabilities is essential for evaluating the overall financial risk and stability of the franchise. This due diligence will help potential franchisees make informed decisions about investing in an All Team franchise.