table_specific

What was the net loss for All Team as of 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)
Tota

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 ending December 31, 2024. This figure is reflected in the statement of cash flows, where net income is listed as a negative amount. This loss impacts the total stockholder's equity, which decreased from $832,933 in 2023 to $787,144 in 2024.

For a prospective franchisee, a net loss for the franchisor could raise concerns about the financial stability of All Team. While a single year's loss doesn't necessarily indicate long-term problems, it's important to investigate the reasons behind the loss. Factors contributing to the loss could include increased operating expenses, decreased revenue, or significant one-time investments. Understanding the cause of the loss can help a franchisee assess the potential risks and opportunities associated with investing in the franchise.

It's also worth noting that All Team's statement of cash flows shows adjustments to reconcile the net loss to net cash provided by operating activities. These adjustments include items such as allowance for credit losses, changes in accounts receivable, prepaid expenses, and other funding liabilities. While the net income was a loss of $43,528, the total cash provided by operating activities was $101,361, suggesting that the core operations of the business are still generating cash.

Prospective franchisees should carefully review the complete financial statements and consider consulting with a financial advisor to fully understand the implications of All Team's financial performance. They should also ask the franchisor for detailed explanations regarding the net loss and the strategies being implemented to improve profitability.

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.