What was the total amount of other funding liabilities for All Team in 2024?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
| CURRENT LIABILITIES | |
|---|---|
| Other funding liabilities | 1,133,303 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the total amount of other funding liabilities for 2024 was $1,133,303. This figure represents the obligations All Team has to provide funding from other sources.
For a prospective franchisee, understanding the nature of these "other funding liabilities" is crucial. It could reflect loans, deferred payments, or other financial commitments that All Team has undertaken. These liabilities could potentially impact All Team's financial stability and its ability to support its franchisees.
It's important to note that in 2023, All Team's other funding liabilities were $919,887. The increase to $1,133,303 in 2024 represents a notable change in the company's financial structure. A prospective franchisee should inquire with All Team about the specifics of these liabilities, including their terms, repayment schedules, and any associated risks. Understanding these details will help the franchisee assess the financial health and stability of All Team.