What was the net income (loss) for All Team for the year ended December 31, 2024?
All_Team Franchise · 2025 FDDAnswer 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 | ||
|---|---|---|---|
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the company experienced a net loss of $43,528 for the year ended December 31, 2024. This figure is derived from the statement of cash flows, which reconciles net income to net cash provided by operating activities. The document also shows All Team's net income for the previous year, 2023, was $201,944.
It is important to note that this net loss is part of a broader financial statement that includes adjustments and cash flows from various activities. For example, the statement of cash flows shows adjustments to reconcile net income to net cash, including items like allowance for credit losses, changes in account balances, and other funding liabilities. These adjustments can significantly impact the overall cash position of the company.
Prospective franchisees should carefully review the entire financial statement and consider the factors contributing to the net loss in 2024. Understanding the reasons behind the loss, as well as the company's strategies for improving profitability, is crucial for making an informed investment decision. Consulting with a financial advisor to analyze these statements is advisable.