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What was the total amount of current assets for All Team as of December 31, 2023?

All_Team Franchise · 2025 FDD

Answer from 2025 FDD Document

he audit.

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 total current assets as of December 31, 2023, were $3,252,900. This figure represents the sum of All Team's cash, accounts receivable (less credit losses), advances to related parties, prepaid expenses, and due from the IRS.

Understanding the composition of current assets is crucial for prospective franchisees. Cash represents the immediate liquidity available to All Team. Accounts receivable reflects money owed to All Team, with a reduction for potential credit losses. Advances to related parties indicate funds provided to affiliated entities, while prepaid expenses cover services or goods paid for in advance. The amount due from the IRS represents potential tax refunds or credits.

For a potential All Team franchisee, this information provides insight into the financial health and liquidity of the company. A higher value of current assets suggests a stronger ability to meet short-term obligations and invest in future growth. Reviewing these figures in comparison to previous years and industry benchmarks can offer a more comprehensive understanding of All Team's financial performance and stability.

It's important to note that these figures are based on audited financial statements, providing a degree of assurance regarding their accuracy. However, prospective franchisees should conduct their own due diligence and consult with financial advisors to fully assess the implications of these financial statements for their investment decision.

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.