What was the total amount of cash that All Team had in 2024?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
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Tampa, Florida March 24, 2025
ALL TEAM FRANCHISE CORPORATION BALANCE SHEETS
AS OF DECEMBER 31, 2024 AND 2023
| 2024 | 2023 | |
|---|---|---|
| CURRENT ASSETS | ||
| Cash | $ 629,272 | $ 1,015,879 |
| Accounts receivable-trade, pledged, | 589,672 | 1,075,420 |
| less credit losses of $63,416 and $57,416, respectively | ||
| Advances to related parties | 1,526,254 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the company's cash balance at the end of 2024 was $629,272. This figure is derived from the All Team Franchise Corporation Statements of Cash Flows, which provides a snapshot of the company's financial health and liquidity at the close of the fiscal year. The statement is audited by independent auditors.
For a prospective franchisee, this cash balance is an indicator of All Team's ability to meet its short-term obligations and invest in future growth. A healthy cash position can provide stability and confidence in the franchisor's operations. It is important to note that this cash balance is just one aspect of the company's overall financial health, and should be considered in conjunction with other financial metrics such as revenues, expenses, and liabilities.
It is also worth noting that the cash flow statement provides additional insights into how All Team generates and uses cash, including cash flows from operating, investing, and financing activities. Reviewing these cash flows can help a prospective franchisee understand the company's sources of funding and how it manages its financial resources. Understanding the franchisor's cash position is a critical part of assessing the overall financial stability of the franchise system.