What was the total amount of accrued expenses for All Team in 2022?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
| CURRENT LIABILITIES |
|---|
| Accounts payable - trade |
| Due to stockholder |
| Current maturity of operating lease liability |
| Credit line payable |
| Accrued expenses |
| Other funding liabilities |
| Total Current Liabilities |
| LONG TERM LIABILITY |
| Operating lease liability, net of current maturity |
| Total Long-Term Liability |
| Total Liabilities |
| STOCKHOLDER'S EQUITY |
| Common stock - $1 par value; 30,000 shares authorized, 1,000 |
| shares issued, and 1,000 shares outstanding |
| Additional paid in capital |
| Retained earnings |
| Total Stockholder's Equity |
| TOTAL LIABILITIES & STOCKHOLDER'S EQUITY |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the total accrued expenses for 2022 were $277,627. This figure is part of the company's current liabilities, reflecting obligations that All Team had incurred but not yet paid as of the end of that year. Accrued expenses are a standard accounting item representing short-term liabilities. These can include items like accrued salaries, rent, or utilities.
For a prospective All Team franchisee, understanding the franchisor's accrued expenses can provide insight into the company's short-term financial health and how well it manages its obligations. A significant increase in accrued expenses from one year to the next could indicate potential cash flow issues or a change in payment practices. Conversely, a stable or decreasing level of accrued expenses might suggest efficient financial management.
It's important to note that accrued expenses are just one component of a company's overall financial picture. A prospective franchisee should review the complete financial statements, including the balance sheet, income statement, and cash flow statement, to gain a comprehensive understanding of All Team's financial condition. Additionally, comparing these figures to industry benchmarks and analyzing trends over multiple years can provide a more informed assessment of the franchise's financial stability and performance.
Therefore, while the $277,627 in accrued expenses for 2022 is a specific data point, it should be considered within the broader context of All Team's financial statements and overall business operations. Consulting with a financial advisor or accountant is recommended to fully interpret the financial implications for a potential franchisee.