table_specific

What was the cash at the beginning of the year for All Team in 2023?

All_Team Franchise · 2025 FDD

Answer from 2025 FDD Document

(16,373) | | (16,373) | | Balance at December 31, 2023 | $ 1,000 | $ 119,000 | $ | 712,933 | $ | 832,933 |

ALL TEAM FRANCHISE CORPORATION STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022

2023 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income $ 201,944 $ 224,177
Adjustments to reconcile net income to net cash
provided by operating activities:
Allowance for credit losses 5,501 6,000
Changes in account balances:
Accounts receivable - trade 1,387,458 34,529
Prepaid expenses (16,270) 35
Advances (605,008) (169,476)
Due from IRS (49,780)
Accounts payable-trade 3,528 -
Accrued expenses (45,671) 51,228
Other funding liabilities (326,541) 818,817
Total Adjustments 353,217 741,133
Total Cash Provided by Operating Activities 555,161 965,310
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 15,371,492 21,942,195
Principal payments on credit line payable (15,758,708) (22,540,407)
Principal payment on related party note (30,000) -
Stockholder distributions (16,373) (8,392)
Total Cash Used in Financing Activities (433,589) (606,604)
NET INCREASE IN CASH 121,572

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

What This Means (2025 FDD)

According to All Team's 2025 Franchise Disclosure Document, the cash at the beginning of the year 2023 was $894,307. This figure represents the amount of readily available cash All Team had on hand as of January 1, 2023, which is the starting point for their cash flow activities during that year. This information is derived from the Statements of Cash Flows, which provides a summary of all cash inflows and outflows that occurred during the year.

For a prospective franchisee, understanding the beginning cash balance is crucial as it provides context for evaluating the company's financial performance throughout the year. It allows them to assess how effectively All Team managed its cash resources and generated additional cash through its operations, investments, and financing activities. A healthy beginning cash balance, coupled with positive cash flow, indicates financial stability and the ability to meet short-term obligations.

It is important to note that the beginning cash balance is just one piece of the financial puzzle. A prospective franchisee should also carefully review the other components of the Statements of Cash Flows, such as cash flows from operating, investing, and financing activities, to gain a comprehensive understanding of All Team's financial health and performance. Additionally, comparing these figures to previous years and industry benchmarks can provide valuable insights into the company's financial trends and competitive position.

Furthermore, potential franchisees should consider the independent auditor's report included with the financial statements. This report provides an opinion on the fairness of the presentation of All Team's financial statements and whether they are in accordance with accounting principles generally accepted in the United States of America. A clean audit opinion adds credibility to the financial information and increases confidence in the company's financial reporting practices.

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.