What was the total amount of deposits held by All Team in 2023?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| OTHER ASSETS | ||
| Operating lease right-of-use assets | 90,309 | 143,935 |
| Deposits | 34,537 | 34,537 |
| Intangible assets | 61,329 | 61,329 |
| Total Other Assets | 186,175 | 239,801 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the company held $34,537 in deposits in 2023. This figure is listed as part of the company's 'Other Assets' on its balance sheet. The deposits remained the same from 2022 to 2023 and from 2023 to 2024.
For a prospective franchisee, 'deposits' typically represent funds held as security for various obligations, such as leases or utilities. The consistent amount over the three years might indicate stable, ongoing agreements requiring such deposits. It is important to note that these deposits are assets of All Team, not the franchisees.
Franchisees should be aware that while these deposits contribute to All Team's overall asset picture, they do not directly impact the franchisee's financial obligations or performance. However, understanding the franchisor's financial stability and asset management practices can be a useful part of assessing the overall health and reliability of the franchise system.