As of what date are the All Team balance sheets presented in the financial statements?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of All Team Franchise Corporation (a Florida corporation) which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of operations, changes in stockholders' equity, and cash flows for the years then ended, and the related notes to the financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the balance sheets included in the financial statements are presented as of December 31, 2024 and 2023. This means the financial position of All Team is reflected for these specific year-end dates.
These balance sheets offer a snapshot of All Team's assets, liabilities, and equity at the close of business on those dates. A prospective franchisee can review these statements to understand the company's financial health, including its liquidity, debt levels, and overall net worth. Comparing the balance sheets from 2023 and 2024 allows for an assessment of the company's financial trends over the past two years.
It is important to note that these are historical financial statements and may not be indicative of future performance. However, they provide valuable insight into All Team's past financial management and stability. A potential franchisee should carefully analyze these statements, along with other financial information provided in the FDD, and consider consulting with a financial advisor to fully understand the implications for their investment.