table_specific

What was the cash balance at the end of 2023 for All Team?

All_Team Franchise · 2025 FDD

Answer from 2025 FDD Document

$ | 667,144 | $ | 787,144 |

ALL TEAM FRANCHISE CORPORATION STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

2024 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net income $ (43,528) $ 201,944
Adjustments to reconcile net income to net cash
provided by operating activities:
Allowance for credit losses 6,000 5,501
Changes in account balances:
Accounts receivable - trade 479,748 1,387,458
Prepaid expenses (61,295) (16,270)
Advances (434,801) (605,008)
Due from IRS 49,780 (49,780)
Accounts payable-trade (882) 3,528
Accrued expenses (107,077) (45,671)
Other funding liabilities 213,416 (326,541)
Total Adjustments 144,889 353,217
Total Cash Provided by Operating Activities 101,361 555,161
CASH FLOWS FROM INVESTING ACTIVITIES
Payments on note receivable - franchises - -
Total Cash Provided by Investing Activities - -
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from credit line payable 9,972,228 15,371,492
Principal payments on credit line payable (10,433,329) (15,758,708)
Principal payment on related party note (24,606) (30,000)
Stockholder distributions (2,261) (16,373)
Total Cash Used in Financing Activities (487,968) (433,589)
NET IN

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)

What This Means (2025 FDD)

According to All Team's 2025 Franchise Disclosure Document, the cash balance at the end of 2023 was $1,015,879. This figure represents the total amount of cash All Team had on hand as of December 31, 2023, after accounting for all cash inflows and outflows during the year. This number is derived from the company's statements of cash flows, which tracks the movement of cash both into and out of the business through operating, investing, and financing activities.

For a prospective franchisee, understanding All Team's cash position is crucial for assessing the financial health and stability of the franchisor. A healthy cash balance suggests that All Team is managing its finances effectively and has sufficient resources to support its franchisees. It also indicates the company's ability to invest in growth initiatives, such as developing new products or expanding into new markets, which can benefit franchisees in the long run.

It is important to note that while a strong cash balance is a positive sign, it should be evaluated in conjunction with other financial metrics, such as revenue, expenses, and debt levels, to get a comprehensive understanding of All Team's financial performance. Additionally, prospective franchisees should inquire about how All Team plans to utilize its cash reserves and whether it has any significant capital expenditures or debt obligations that could impact its future cash flow.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.