table_specific

What was the cash balance at the end of the year for All Team on December 31, 2024?

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 the year on December 31, 2024, was $629,272. This figure represents the total cash All Team had on hand at the close of its fiscal year. This number is derived from the statement of cash flows, which reconciles net income to net cash.

For a prospective franchisee, this cash balance can be an indicator of All Team's financial health and stability. A healthy cash balance suggests that All Team has sufficient liquid assets to meet its short-term obligations and invest in future growth. However, it is important to consider this figure in conjunction with other financial metrics, such as revenues, expenses, and liabilities, to get a complete picture of All Team's financial condition.

It's also worth noting that the cash balance decreased from the previous year. On December 31, 2023, All Team had a cash balance of $1,015,879. The decrease of $386,607 year over year should be examined further to understand the reasons for the change. A potential franchisee should inquire about the factors contributing to this decrease, such as increased operating expenses, investments in new initiatives, or changes in financing activities. Understanding these factors will help a franchisee assess the financial risks and opportunities associated with investing in an All Team franchise.

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.